Richard P. Buckanavage is our Chief Executive Officer and a member of our board of directors. Prior to founding Patriot, Mr. Buckanavage was Managing Director and head of debt sales at GE Capital Markets, Inc. ("GE") from 1999 to 2003 where he was responsible for all domestic debt syndication and private placement activities.
From 1995 to 1999, Mr. Buckanavage was a Senior Vice President and Midwest Region Manager for Creditanstalt Corporate Finance, Inc. ("CCFI"). During that time, he was also a Senior Investment Officer at Creditanstalt Small Business Investment Corporation ("CSBIC"), CCFI's private equity unit that originated and managed a portfolio of non-controlling equity investments. CCFI and CSBIC were a "one-stop" capital source focusing on making investments in middle market companies in conjunction with private equity sponsors.
In his capacities at CCFI and CSBIC, Mr. Buckanavage managed a portfolio of senior secured loans, subordinated debt and equity investments in excess of $1.2 billion. While at CSBIC, Mr. Buckanavage was also a member of the board of directors of several of CSBIC's portfolio companies. His professional experience also includes various business development and portfolio management roles in the leveraged finance groups at Bank of America and Fleet Bank and its predecessors.
Timothy W. Hassler is our Chief Investment Officer and is a member of our board of directors. Prior to founding Patriot, Mr. Hassler was a director in the capital markets division of U.S. Bank and its predecessors from 1999 to 2002. During that time, he focused on originating, structuring and negotiating senior debt and junior capital investments for middle market leveraged transactions in the manufacturing, distribution, and food and agribusiness industries. From 1991 to 1999, Mr. Hassler worked in a middle market lending group of US Bank and its predecessors, where he was a relationship manager for a more than $200 million portfolio of middle market loans outstanding, with over $500 million of commitments. In this capacity, he was responsible for new business development, portfolio management and underwriting. Mr. Hassler began his career in the training program of US Bank and its predecessors in 1990.
Clifford L. Wells serves as our Executive Vice President and Chief Compliance Officer. Prior to joining Patriot in 2004, Mr. Wells was Senior Vice President - Credit Risk/Portfolio Management at the US branch of Abbey National Treasury Services from 2002 to 2004. In that role, he provided credit analysis for middle market leveraged transactions, managed risks associated with a loan portfolio of distressed assets and provided day-to-day risk management of an oil and natural gas portfolio of nearly $1 billion.
From 1996 to 2002, Mr. Wells served as Senior Vice President and Northeast/Mid-Atlantic Region Manager for Creditanstalt Corporate Finance, Inc., a "one-stop" capital source focusing exclusively on middle market companies, where he was responsible for all facets of the deal process including sourcing, structuring, closing and managing of senior and junior capital opportunities for middle market cash-flow transactions. He was also involved in implementing appropriate strategies for a portfolio of underperforming investments.
His professional background also includes lending positions with Heller Financial, Inc., US West Financial Services, Inc. and GATX Capital Corporation. He started his career as an auditor with Arthur Andersen & Company. Mr. Wells is a Certified Public Accountant.
Matthew R. Colucci serves as our Managing Director. Prior to joining Patriot in December 2003, Mr. Colucci was a vice president in GE's Merchant Banking Group (and with its predecessor, Heller Financial, Inc.) from 1998 to 2003. During that period, he was responsible for originating, structuring, underwriting and monitoring both senior and junior capital investments in middle market leveraged transactions. From 1996 to 1998, Mr. Colucci was a Senior Associate in the Corporate Finance Group of Bayerische Landesbank, a German commercial bank. He began his career in 1994 as a Bond Analyst for The Aetna Casualty & Surety Company.
William E. Alvarez, Jr. serves as our Executive Vice President, Chief Financial Officer and Secretary. Prior to joining Patriot in December 2004, Mr. Alvarez was an Executive Financial Consultant at Trans-Lux Corporation, a public media and communication company, from February 2003 to December 2004. During that period, he was responsible for operations restructuring, SEC reporting and compliance with the Sarbanes-Oxley Act of 2002.
From 2001 to 2003, Mr. Alvarez was employed by Bond Technologies, Inc., a privately-held professional technology consulting services firm, as Chief Financial Officer. From 1998 to 2001, Mr. Alvarez was employed by Dynax Solutions, Inc., a privately-held professional technology consulting services firm, as Chief Financial Officer.
Prior to 1998, Mr. Alvarez held financial officer positions with other companies. Mr. Alvarez began his career at Deloitte & Touche, LLP in 1976 where he was primarily responsible for servicing financial services companies. Mr. Alvarez is a Certified Public Accountant.
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