Advisory Board

Our Advisory Board is comprised of distinguished current and former senior executives in a wide variety of industries. The skills and expertise of our Investment Group are supplemented by access to our Advisory Board members, who may assume a number of roles in our investment process.

Arthur H. Bilger
Arthur Bilger is the Managing Member of Shelter Capital Partners, LLC, an entity engaged in venture capital investment management. From 1995 to 1997, Mr. Bilger was President, Chief Operating Officer, and a member of the Board of Directors of New World Communications Group, Inc., a leading television broadcasting and production company. Prior to this he was a founding partner of Apollo Advisors, L.P. Mr. Bilger sits on the Boards of Directors of various companies in which he or Shelter has investments.

Carl D. Covitz
Carl Covitz is owner and President of Landmark Capital, Inc., a national real estate development and investment company. He is a former Secretary of the Business, Transportation and Housing Agency for the State of California and a former Deputy Secretary and Acting Secretary of the U.S. Department of Housing and Urban Development (HUD). He is also the former Chairman of the Board of the Federal Home Loan Bank of San Francisco, and he is currently on the Boards of Directors of Arden Realty Inc., Molina Healthcare, Inc., SunAmerica Annuity Funds, and the Phoenix Kayne Anderson Mutual Funds.

Steven D. Dorfman
Steven Dorfman is the retired Vice Chairman of Hughes Electronics Corp. During his time at Hughes, he served as CEO of Hughes Space and Communications Company, the world's leading builder of communication satellites. He also served as CEO of Hughes Communications, Inc., a leading owner and operator of communication satellites and Hughes Telecommunications and Space, a unit responsible for the above businesses plus the international development of DirecTV. After retiring from Hughes, Mr. Dorfman was the Hunsaker Visiting Professor at MIT. Mr. Dorfman has served on the Boards of Hughes, Raytheon, PanAmSat, American Mobile Satellite, Galaxy Latin America, JCSAT, DirecTV, Galaxy Classroom and HRL Laboratories. He is a Trustee of the Devereux Foundation and a member of the National Academy of Engineering. He has served on advisory committees for NASA, FCC, USIA, Department of Transportation, USC School of Engineering, the National Research Council, was a Trustee for the Boys & Girls Clubs of America and was a member of the President's Information Technology Advisory Committee Council.

Frederick W. Gluck
Fred Gluck retired in 1995 from McKinsey & Company, Inc., the international management-consulting firm, after serving for six years as its Managing Director. At McKinsey, Mr. Gluck consulted extensively with U.S., European, and Far East companies, with particular emphasis in the telecommunications, electronics, heavy-machinery, and healthcare industries. Under his leadership, McKinsey doubled in size and greatly expanded its international presence, particularly in Asia and Latin America. After leaving McKinsey, Mr. Gluck joined Bechtel Group as Vice Chairman and Director, retiring from there in 1998.

Rick Goings
Rick Goings is currently Chairman and Chief Executive Officer of Tupperware Corporation. He has also held executive positions at Premark International, Inc., Sara Lee Corporation, and Avon Products, Inc. Currently, Mr. Goings serves on the Boards of Directors of R.J. Reynolds Tobacco Holdings, Inc., Rollins College and SunTrust Bank, Central Florida, N.A., and is a member of the Board of Governors of the Boys & Girls Clubs of America where he is also Vice Chairman. He is the recipient of the Boys & Girls Clubs of America's most prestigious award, the Herbert Hoover Humanitarian Award. Additionally the People's Republic of China recognized Goings with the Marco Polo Award in March of 2000 for his visionary leadership, his significant role in China's economic development and concern for Chinese Society. Mr. Goings received an Honorary Doctorate in Business Administration from Bryant College.

J. Terrence Lanni
Terry Lanni was Chairman and Chief Executive Officer of MGM MIRAGE. From 1981 to 1995, he served as President and Chief Operating Officer of Caesar World, Inc. Mr. Lanni serves as a member of the Board of Directors of KB Home, The Jim Pattison Group, the Del Mar Thoroughbred Club, the Board of Trustees of The Ronald Reagan Presidential Foundation, the Board of Trustees of the UNLV Foundation, University of Nevada, Las Vegas, the Board of Overseers of the Keck School of Medicine at the University of Southern California, and the Marshall School of Business Board of Visitors, University of Southern California.

Sheldon B. Lubar
Sheldon Lubar is the Founder and Chairman of Lubar & Co. a private investment and venture capital firm. He was Chairman and Chief Executive Officer of the Christiana Companies, Inc. until its merger with Weatherford International in February 1998. His public service included Commissioner of the White House Conference on Small Business, Assistant Secretary of HUD and Commissioner of the Federal Housing Administration, Director of the Federal National Mortgage Association, President of the Board of Regents of the University of Wisconsin System, and Trustee and acting Chairman of the State of Wisconsin Investment Board. Currently, Mr. Lubar is a Director of Crosstex Energy, Inc. (NASDAQ), Star Gas Partners (NYSE), Approach Resources (NASDAQ), Hallador Energy (NASDAQ) and various private companies. He is also a Trustee of numerous civic organizations. Mr. Lubar holds degrees in Business Administration and Law from the University of Wisconsin-Madison and an Honorary Doctorate from the University of Wisconsin-Milwaukee.

Harald Ludwig
Harald Ludwig is the Co-Founder and President of Macluan Capital in Vancouver, Canada, which was formed in 1985 and is a leveraged buyout pioneer in Canada. He serves on the Boards of various private concerns, including West Fraser Timber Company and Lion's Gate Entertainment Corp. Additionally, he maintains strategic relationships with certain investment banks and funds where he is an investor, including Thomas Weisel Partners, Credit Suisse/DLJ Partners, and Transwestern. Mr. Ludwig is a Trustee of Children's Hospital Foundation and a Patron of the United Way Pathfinders. He is a graduate of Simon Fraser University and of Osgoode Hall Law School.

Prof. F. Warren McFarlan
Warren McFarlan is currently Senior Associate Dean, Asia-Pacific Initiative. Mr. McFarlan is also an active member of the teaching faculty at the Harvard Business School, a member of the Advisory Committee of Regional Financial Enterprises, and a Director of Providian Corporation, Computer Sciences Corporation, and Li & Fung Limited, a premier global consumer products trading company. He is an expert in financial controls and data systems.

Richard N. Merkin, M.D.
Richard Merkin is the President, Chief Executive Officer and Founder of Heritage Medical Systems. As a pioneer of the development and management of physician networks, Dr. Merkin serves on the Boards of over 25 private healthcare organizations and is a consultant to local and national government healthcare committees. Outside the realm of healthcare, Dr. Merkin is a participant in numerous philanthropic activities. He is the founder of the Los Angeles Jewish Symphony. He is on the Board of The Center for Accelerating Medical Solutions, a medical think-tank, United Friends of the Children and is the Chair of the California Legislatures Blue Ribbon Commission on Health Care Integrity.

Robert A. Milton
Robert Milton has been Chairman, President and Chief Executive Officer of ACE Aviation Holdings Inc. (ACE), an investment holding company of various aviation interests, principally Air Canada, since 2004. ACE has taken three businesses public: Aeroplan, Air Canada Jazz and Air Canada. From 2004 until December 2007, Mr. Milton also served as Chairman of Air Canada. Previously, from 1999 to 2004, he held the position of President and CEO of Air Canada, having come up through operations, scheduling, product design, inflight service, advertising and marketing. In 1996, he was named Air Canada's COO. He was also founding partner in Air Eagle Holdings Inc. and was an independent commercial aviation consultant to British Aerospace. Mr. Milton has served as Chair of the International Air Transport Association's Board of Governors. He graduated from Georgia Institute of Technology with a degree in Industrial Management. He is past Chairman of the Georgia Tech Advisory Board and currently serves as a Trustee of the Georgia Tech Foundation.