Board of Directors

Andrew Neuberger is our Chairman. Mr. Neuberger founded NAC in 2020 and is its Chief Executive Officer and Chairman. Mr. Neuberger spent most of his early career at Morgan Stanley (1994 – 2008) including as the Global Head of Warehouse Lending for the Securitized Products Group. While at Morgan Stanley, Mr. Neuberger helped grow the warehouse lending business to a $30 billion commitment level at its peak in asset classes such as real estate loans, non-investment grade RMBS/CMBS and other asset-backed products. Mr. Neuberger left Morgan Stanley to form BasePoint in 2009 as he recognized a void and an opportunity in the lending market created by traditional lenders vacating the alternative lending sector following the financial crisis, and as a response to newly created bank regulations that imposed restrictions on bank lending behavior. This situation presented an opportunity for BasePoint to lend to sound companies with better protections and at yields significantly higher than in the past. Throughout Mr. Neuberger’s tenure as chief executive officer of BasePoint, the firm deployed over $4 billion of capital into the specialty finance space (over 73 transactions) in respect of which no participant experienced a loss of principal, while providing a net annual return of approximately 11%. Prior to Morgan Stanley, Mr. Neuberger was an Assistant District Attorney in Richmond County, New York. He has a BA from Lafayette College and a JD from Brooklyn Law School.

Brent Turner has over 27 years of professional experience in the tax industry. Mr. Turner has served as Chief Executive Officer at Liberty since 2019 and previously served as Executive Vice President, Head of Consumer Lending at MetaBank, a subsidiary of Meta Financial Group, Inc., from 2016 to 2018. In 2011 and 2012, Mr. Turner led the roll-up of several financing businesses that were eventually sold to MetaBank in 2016. From 2005 to 2011, Mr. Turner served as Vice President of Financial Services at Rent-A-Center, a furniture and electronics rent-to-own company, where he led the development of financial services centers and the e-commerce channel of the company. Mr. Turner’s previous roles also include Chief Operating Officer at Financial Payments, LP, Assistant Vice President at Ace Cash Express and President at Quickcash, Inc. Mr. Turner holds a Master of Business Administration from the Cox School of Business at Southern Methodist University and a Bachelor of Arts from West Texas A&M University.

Jonathan Williams has over 29 years of experience in the finance and accounting sector, including expertise in public debt filings, mergers, acquisitions, credit risk management and cash management. Mr. Williams served as President and Chief Executive Officer of LoanMe and has previously held positions with Morgan Stanley, Ameriquest Capital Group and Coldwell Banker. Mr. Williams holds a graduate diploma in accounting and finance from the University of Cape Town.

John Lederer brings merger and acquisition expertise, as well as both Canadian and U.S. public and private company experience to our board. He is the Executive Chairman of Staples, Inc. and a Senior Advisor at Sycamore Partners LLC, a private equity firm (since September 2017). Mr. Lederer was previously associated with Oak Hill Capital, advising it on acquisitions in the retail and consumer goods sectors, and serving on the board of several of its portfolio companies. From 2010 to 2015, he served as the Chief Executive Officer and President of US Foods, Inc., one of the largest food service distributors in the United States where he led a comprehensive rebranding of the company. He served as the Chairman and Chief Executive Officer of Duane Reade Holdings, Inc. from 2008 to 2010, until its sale to Walgreens Boots Alliance, Inc. Prior to Duane Reade Holdings, Inc., he spent 30 years at Loblaw Companies Limited, Canada’s largest food retailer, and held several senior leadership positions including President from 2000 to 2006. He currently serves on the boards of US Foods, Inc., Maple Leaf Foods Inc., and Walgreens Boots Alliance, Inc. He has an undergraduate degree in Economics from York University.

Jean Birch brings broad experience as an independent public company director in addition to being a veteran C-level operating executive with experience in the consumer sector to our board. Ms. Birch brings more than 20 years of consumer retail experience running large restaurant companies, such as IHOP, Macaroni Grill and Corner Bakery Cafe. Ms. Birch has served as a director of Charlotte’s Web Holdings, a producer of hemp-based cannabidiol wellness products, since July 2020, Jack in the Box, a quick service restaurant chain, since May 2019, a director of CorePoint Lodging, a hotel real estate investment trust, since September 2018, and a Director of Forrester Research, a research and advisory firm, since February 2018. Prior thereto, Ms. Birch served as director of Papa Murphy’s Inc., a restaurant chain, from 2015 through 2019, director of Darden Restaurants, a restaurant chain company, from 2014 through 2016 and director of Cosi, Inc., a restaurant chain, from 2013 through 2016. Ms. Birch is a Board Leadership Fellow, as certified by the National Association of Corporate Directors. In addition, Ms. Birch received an M.B.A. from Southern Methodist University and an B.A. in Economics from the University of Arizona.

William Minner brings sector expertise, as well as corporate finance experience to our board. Mr. Minner served as a director of Franchise Group, Inc. since February 2018 to May 2021. Since 1996, Mr. Minner has served as a contract Chief Financial Officer and consultant with responsibilities for finance and administration to over 25 companies. From June 1991 to December 1995, Mr. Minner served as Chairman, President and Chief Executive Officer of Suburban Federal Savings Bank in Collingdale, Pennsylvania. From December 1988 to May 1991, Mr. Minner served in various positions with Atlantic Financial Savings, F.A., including Senior Vice President - Credit and First Vice President - Loan Workout. Previously, Mr. Minner served as Audit Manager and Controller for the mortgage subsidiary of Magnet Bank, FSB from July 1984 to December 1988. Mr. Minner is a Certified Public Accountant. Mr. Minner has substantial experience in the financial services industry, including banking, lending, risk management, treasury management, financial analysis, SEC reporting, taxation, accounting and commercial real estate development. Mr. Minner qualifies as an audit committee financial expert under SEC rules. Mr. Minner received an M.B.A. and M.S. in Accounting from Marshall University.

Dan Shribman has served as chief investment officer of B. Riley Financial and president of B. Riley Principal Investments since September 2019 and September 2018, respectively. Mr. Shribman helps oversee the asset base of B. Riley Financial alongside chief executive officer Bryant Riley. This asset base consists of several cash flow generating operating businesses in addition to cash and investments which includes bilateral loans and small cap equity positions in both public and private markets. In virtually all investments, B. Riley Financial is involved at the board level and active in business and capital allocation decisions.

Mr. Shribman brings experience in both public and private equity. Prior to joining B. Riley Financial, Mr. Shribman was a Portfolio Manager at Anchorage Capital Group, L.L.C., a special situation asset manager, from 2010 to 2018. During Mr. Shribman’s tenure at Anchorage Capital Group, L.L.C., he led investments in dozens of public and private opportunities across the general industrial, transportation, automotive, aerospace, gaming, hospitality and real estate industries. These investments ranged from public equities and bonds to deeply distressed securities, par bank debt, minority owned private equity and majority owned private equity. Mr. Shribman worked in close collaboration with management teams and boards to maximize shareholder value in the form of both operational turnarounds, capital market financing and capital deployment initiatives. Prior to Anchorage Capital Group, L.L.C., Mr. Shribman worked at Tinicum Capital Partners, a private equity firm, and in the restructuring advisory group at Lazard (NYSE: LAZ).

Mr. Shribman holds an AB in Economics and History from Dartmouth.

Logan Powell brings strategic leadership and experience in attracting talented, creative, driven and diverse individuals to our board. Mr. Powell is the Marilyn and Charles H. Doebler IV Dean of Admission at Brown University. He is responsible for the identification, recruitment and selection of all undergraduates seeking entrance to Brown. He leads all related strategic initiatives including data analysis, communications, and process innovation. Mr. Powell is chair of the council of Ivy deans of admission and also serves on several national non-profit advisory boards. Prior to joining Brown, Powell worked as the director of admission at Princeton University. Previously, he served as senior associate dean of admission at Bowdoin College and senior admissions officer at Harvard University. He earned a Master of Business Administration from MIT, a Masters in Education from Harvard University and a Bachelor of Arts from Bowdoin College.

Nik Ajagu is a Bay Area-based investor and entrepreneur. Mr. Ajagu worked at Facebook from 2007 to 2019 where he built out the company’s direct sales operations in the United States, Canada, and Latin America as Head of Media Solutions Americas, and later served as the Facebook’s Global Head of Advertising Technology Partnerships. Prior to Facebook, Mr. Ajagu helped to launch Ecosystem Ventures where he worked from 2005 to 2007, contributing to the growth and development of companies such as Autonet Mobile (acquired by Lear corporation in 2015) and Playspan (acquired by Visa in 2011). Mr. Ajagu has co-founded various companies, including Code and Canvas, a San Francisco-based co-working and arts space in 2013, and Barrel and Ink, a Napa-based company focused on wine and design that launched in 2014. He also previously served on the board of Kabuni, a Vancouver-based e-commerce company from 2015 to 2016. Mr. Ajagu graduated from Princeton University in 2005 with a B.A. in Anthropology and a certificate in African American Studies. He currently lives in San Francisco with his partner and two daughters and is passionate about early childhood education, serving on the board of directors of the New School of San Francisco since 2021, and as President of the San Francisco Council for Parent Participation Nursery Schools since 2020.

Alicia Morga is the founder and Chief Executive Officer of No. 8 Media, Inc., which she started in 2016. Formerly, she was the founder and Chief Executive Officer of Consorte Media, Inc., a venture-backed digital marketing company. Prior to Consorte, Ms. Morga worked in venture capital for The Carlyle Group and Hummer Winblad Venture Partners, she was a corporate attorney for Wilson Sonsini Goodrich & Rosati, and an investment banker at Goldman, Sachs & Co. Ms. Morga has been named a Young Global Leader by the World Economic Forum and one of the Most Influential Women in Technology by Fast Company. She holds a J.D. from Stanford Law School and a B.A. from Stanford University.