John Cole, Scott

Mr. Scott has worked at Closed-End Fund Advisors since 2001. He holds the FINRA 66 License and the Certified Fund Specialist designation (CFS). He is a graduate of The College of William and Mary and has been quoted and interviewed widely in the financial press and presented at conferences and for investment groups on more than 50 occasions.

In 2008 John founded CEFA’s Closed-End Fund Universe, a data service covering all US listed closed-end funds and BDCs. Currently supported by an internal 10 member analyst team with a data manager/ programmer covering the 700+ ticker universe of CEFs/BDCs/iCEFs. They regularly do consulting and projects for CEF/BDC Sponsors, Hedge Funds and Institutional Investors.

Portfolio Consultant with over a quarter billion deposits into a fund focused on BDCs with a fund sponsor partner. He developed 35 CEF/BDC based indexes; 9 diversified portfolio objective, 9 Equity and 15 Bond sector. John is a past board member of The Richmond Association for Business Economics (RABE), and serves as Assistant Treasurer and on the Investment Committee for The New York State Society of The Cincinnati. Board member and Finance & Investment Committees for The William & Mary National Alumni Board.

Vadim Avdeychik

Vadim Avdeychik is of counsel in the Investment Management practice of Paul Hastings and is based in the firm’s New York office. Mr. Avdeychik counsels mutual funds, closed-end funds, exchange-traded funds (ETFs), business development companies (BDCs), hedge funds, and their investment advisers. He routinely advises on the formation and operation of registered investment companies (including those implementing alternative investment strategies), alternative fund structures (including registered and unregistered master/feeder and fund-of-funds structures and BDCs), fund governance, regulatory issues involving public and private funds, and investment company status issues. Mr. Avdeychik has extensive experience assisting pre-IPO and public operating companies, specialty finance companies, investment banks, financial product sponsors, and other entities in determining their investment company status or the status of the products they sponsor, including the ability to qualify for exemptions from the Investment Company Act, in connection with securities offerings, financial product launches and other transactions. He also has transactional experience concerning funds and their advisers, including merger and acquisition transactions.

Mr. Avdeychik also has significant ERISA experience, with particular focus on fiduciary issues and prohibited transaction exemption questions under Title I of ERISA. he has authored several articles dealing with the intersection of ERISA and the investment management industry.

Prior to joining Paul Hastings, Mr. Avdeychik was the Vice President and Counsel at PIMCO and Assistant Secretary to the PIMCO-Managed Closed-End Funds. Formerly, he was an associate at an international law firm and prior to that, ERISA Enforcement Advisor, Employee Benefits Security Administration.

Bryce Rowe

Bryce Rowe joined National Securities in July 2019 as a senior equity research analyst with a primary focus on the Business Development Company sector. Bryce has been an equity research analyst at several firms since March 2000. Most recently, he spent 13 years at Robert W. Baird & Co., covering small-cap banks and BDCs. Bryce has been recognized three times for his stock picking abilities in The Wall Street Journal’s Best On The Street Analyst Survey and by Thomson Reuters (Starmine). Bryce has a B.A. from the University of Virginia and is a Chartered Financial Analyst charterholder.

Nicholas Marshi

Nicholas Marshi is a co-founder and Chief Investment Officer (CIO) of BDC Investment Advisors “(BDCIA’), a California Registered Investment Advisor.  He is responsible for the firm’s investment management, and is the editor of the BDC Reporter and its sister publication, BDC Credit Reporter. The BDC Reporter is the premier subscription publication exclusively focused on “news, views and analysis” of the $100+ billion BDC sector. The BDC Credit Reporter – still in beta – provides timely and comprehensive coverage of all under-performing BDC portfolio companies, to provide readers with early notice of change in BDC values.

Prior to forming BDCIA, Mr. Marshi was a co-founder and principal of Southland Capital Partners (“SCP”), a Los Angeles based private equity firm. SCP was established in 1998 in Los Angeles, in order to acquire controlling interests in middle market companies in the Southern California region. SCP has acquired several companies in a wide range of industries. Prior to forming SCP, Mr. Marshi managed Kensington Capital Corporation (“KCC”), another private-equity investment firm, with a similar focus. In addition, Mr. Marshi was the head of the Los Angeles office of Kleinwort Benson, a British merchant bank, from 1987-1990 and was involved in leading investment banking, lending and principal investing activities. Before joining Kleinwort’s Mr. Marshi held various positions with Citibank at locations worldwide.

Mr. Marshi is a graduate of Tufts University (B.A.) and Harvard University (M.A.). He is a California Registered Investment Adviser.

Michael C Petro

Mr. Petro is the Portfolio Manager of Putnam’s small-cap value strategies. He is responsible for the overall strategy and positioning of Putnam’s small-cap value products. Mr. Petro joined Putnam in 2002 and has been in the investment industry since 1999.

Prior to joining Putnam, Mr. Petro was a Senior Research Associate at RBC Capital Markets, formerly known as Dain Rauscher Wessels, from 1999 to 2001 and served as a Principal Engineer at Quickware Engineering & Design, Inc. from 1989 to 1999.

Mr. Petro earned an M.S. from the University of Michigan and a B.S. from the Massachusetts Institute of Technology.