Saratoga Investment Corp. is externally-managed by Saratoga Investment Advisors, LLC, which serves as the Company’s investment adviser.
Saratoga Investment Advisors, LLC Professionals
Christian L. Oberbeck, Chairman of the Board & Chief Executive Officer
Investment Committee Member
212-906-7350 Email Chris
Chris Oberbeck has over 25 years of experience in leveraged finance, from distressed debt to private equity, and has originated, structured, negotiated, consummated, managed and monitored investments in a wide variety of middle-market businesses. Mr. Oberbeck is the Managing Member of Saratoga Investment Advisors, LLC, the Company's investment adviser, and the Chief Executive Officer and President of the Company. Mr. Oberbeck is the Managing Partner of Saratoga Partners, a middle market private equity investment firm, and has served on its investment committee since 1995.
Mr. Oberbeck assumed management responsibility for Saratoga Partners in 2008, having co-managed the firm since 1995 when he joined Dillon Read and Saratoga Partners from Castle Harlan, Inc., a corporate buyout firm. Mr. Oberbeck had joined Castle Harlan at its founding in 1987 and was a Managing Director, leading successful investments in manufacturing and financial services companies. Prior to joining Castle Harlan, he worked in the Corporate Development Group of Arthur Young and in corporate finance at Blyth Eastman Paine Webber. Mr. Oberbeck has been a director of numerous middle market companies while at Saratoga Partners and Castle Harlan.
Mr. Oberbeck graduated from Brown University in 1982 with a BS in Physics and a BA in Mathematics. In 1985, he earned an MBA from Columbia University.
Michael J. Grisius, President & Chief Investment Officer
Investment Committee Member
212-906-7333 Email Mike
Mike Grisius has over 23 years of experience in leveraged finance and private equity. He is President, Chief Investment Officer and a Managing Director of Saratoga Investment Advisors, LLC, the Company's investment adviser, as well as a Director of the Company.
Prior to joining Saratoga, Mr. Grisius served as Managing Director at Allied Capital Corporation, where he was an investment professional for over 16 years. At Allied Capital Corporation, he held several senior positions including co-head of Mezzanine Finance and member of its Management Committee and its Investment Committee. In 2008, Mike was appointed co-chairman of the Allied Capital Corporation's Investment Committee. During his tenure at Allied, he produced an exceptional track record investing over $2 billion in a variety of asset classes. He built and led teams that made investments in mezzanine and senior debt, control equity and real estate mortgage debt. He also had primary responsibility for structuring and managing Unitranche Fund, LLC, a $3.6 billion joint venture between Allied and GE Capital. Mike has served on the board of directors of numerous middle market companies. Prior to joining Allied Capital Corporation, Mike worked in leveraged finance at Chemical Bank and served in Senior Accountant and Consultant positions with KPMG.
Richard A. Petrocelli, Chief Financial Officer & Chief Compliance Officer
Investment Committee Member
212-906-7966 Email Rich
Rich Petrocelli has over 20 years of experience including investment management, private equity and corporate reorganizations. Mr. Petrocelli is a Managing Director of Saratoga Investment Advisors, LLC, the Company's investment adviser, and is the Chief Financial Officer, Secretary and Chief Compliance Officer of the Company. Mr. Petrocelli served as a director of the Company from 2010 until 2011. Mr. Petrocelli is a Managing Director and Chief Financial Officer of Saratoga Partners, a middle market private equity investment firm, and has been involved in originating, structuring, negotiating, consummating, managing and monitoring middle market investments.
Mr. Petrocelli joined Saratoga Partners in 1998 from Gabelli Asset Management. At Gabelli Asset Management, Mr. Petrocelli was a Vice President in the corporate finance department with a primary focus on the Company's alternative investment business. Prior to that, he was a senior accountant at BDO Siedman. Mr. Petrocelli has served as a director of a number of Saratoga Partners' portfolio companies.
Mr. Petrocelli graduated with a BSBA from Georgetown University in 1990 and earned an MBA from New York University's Stern School of Business in 1999. He is a Certified Public Accountant.
Joseph S. Burkhart, Managing Director of Business Development
212-906-7840 Email Joe
Joe Burkhart leads the Company’s new business efforts, working the Saratoga team to increase deal flow, strengthen the firm's investment-origination platform and increase assets under management.
Prior to joining Saratoga, Mr. Burkhart was the Managing Director of Tatum’s private equity practice. Previously, he was the Director of Business Development for American Capital’s Private Equity Group where he led the group’s deal origination, screening and staffing. Prior to joining American Capital, Mr. Burkhart was Managing Director at EJF Capital where he worked with the firm’s principals in the development and investment management of structured finance and private equity focused strategies. Mr. Burkhart began his career at Allied Capital Corporation where he was a Vice President in the Private Finance group.
Mr. Burkhart has a bachelor's degree in business administration from the University of Notre Dame and an MBA from the Darden Graduate School of Business Administration at the University of Virginia.
Thomas V. Inglesby, Managing Director & Portfolio Manager
Investment Committee Member
212-906-7848 Email Tom
Tom Inglesby has more than 20 years of experience in leveraged finance and private equity. He is a Managing Director of Saratoga Investment Advisors, LLC, the Company's investment adviser, and is primarily responsible for management of the Company's CLO investment activities. Mr. Inglesby previously served as President and a Director of the Company from inception through September 2008.
Prior to joining Saratoga, Mr. Inglesby was a Senior Managing Director at GSC Group. During his time at the GSC Group, Mr. Inglesby performed in a variety of roles, including: senior managing director in the Recovery Investment Group at GSC, serving on the Investment Committee for the Recovery Funds; Head of the U.S. Corporate Debt Group, during which period, GSC raised and managed $5.6 billion in capital across 12 corporate credit investment funds; and serving as a Managing Director at GSC focused on middle market buyouts.
Prior to joining GSC in 1997, Mr. Inglesby served as a Managing Director with Harbour Group, where he focused on acquisitions of manufacturing companies in fragmented industries. Previously, Mr. Inglesby had served as a Managing Director at the South Street Funds, a startup distressed debt investment fund founded by former partners at Goldman Sachs, and as a Vice President in the Merchant Banking Department at PaineWebber.
Mr. Inglesby received a J.D. from the University of Virginia School of Law and an MBA from the Darden Graduate School of Business Administration in 1986, and a BS in Accounting with General Honors from the University of Maryland in 1979.
Charles G. Phillips IV, Managing Director & Portfolio Manager
Investment Committee Member
212-906-7365 Email Charles
Charles Phillips has over 15 years of experience investing in the debt and equity of middle-market manufacturing and service companies, including extensive experience in dealing with both private public financings. Mr. Phillips is a Managing Director of Saratoga Investment Advisors, LLC, the Company’s investment adviser, and is responsible for portfolio management and oversight. Mr. Phillips is also a Managing Director of Saratoga Partners, a middle market private equity investment firm, and has served as a director of a number of Saratoga Partners' portfolio companies in addition to originating, structuring, negotiating, consummating, managing and monitoring middle market investments.
Prior to joining Saratoga Partners in 1997, Mr. Phillips worked in Dillon Read’s corporate finance department, where he was involved in mergers and acquisitions, advisory and capital markets assignments in a variety of industries industries, including packaged foods, consumer products, cable television, energy and education. Prior experience includes McCown De Leeuw & Co., a corporate buyout firm.
John F. MacMurray, Principal & Portfolio Manager
212-906-7182 Email John
John MacMurray is a Principal of Saratoga Investment Advisors, LLC, the Company’s investment adviser, and is involved in portfolio oversight with primary emphasis on transaction development and execution. Mr. MacMurray is also a principal of Saratoga Partners, a middle market private equity investment firm, and has been involved in all phases of the investment process, from sourcing and through structuring, and has deep experience in executing add-on investments. Mr. MacMurray has served as a director of a number of Saratoga Partners' portfolio companies.
Mr. MacMurray joined Saratoga Partners from Columbia Business School, previously working for EuroConsult, Inc., an independent investment banking firm, where he was involved in mergers and acquisitions and advisory assignments throughout Europe and North America in a variety of industries.
Mark C. Weaver, CFA, Senior Associate
212-906-7842 Email Mark
Mark Weaver is a Senior Associate of Saratoga Investment Advisors, LLC, the Company's investment adviser, and is involved in credit analysis, underwriting and portfolio monitoring and valuation.
Prior to joining Saratoga, Mr. Weaver was an Associate with GSC Group's Corporate and Distressed Investing Group where he worked on a number of high yield bond and leveraged loan financings. Mr. Weaver began his career at Citigroup where he was an Analyst within the Relative Value Trading Group.
Mr. Weaver holds a BS in Business Administration from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill and a MS in Finance from the University of Cambridge. He is a CFA charterholder and member of the New York Society of Security Analysts.
Paul B. West, Senior Associate
212-906-7841 Email Paul
Paul West is a Senior Associate of Saratoga Investment Advisors, LLC, the Company's investment adviser, and is involved in credit analysis, underwriting and portfolio monitoring and valuation.
Prior to joining Saratoga, Mr. West was the Senior Analyst of Watermark Advisors' Investment Banking practice, providing process execution and financial analysis to support middle-market business owners through the merger and acquisitions and valuation processes. Mr. West's background brings considerable financial and business knowledge across a diverse range of industries.
Mr. West holds a BS in Business Administration from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill.
Saratoga Investment Corp. Independent Directors
In addition to the Officer and Director roles of the Saratoga Investment Advisors, LLC professionals noted above, the Company's board is composed of the following independent directors:
Steven M. Looney, Director
Chair of the Audit Committee
Mr. Looney graduated summa cum laude from the University of Washington with a B.A. degree in Accounting and received a J.D. from the University of Washington School of Law where he was a member of the law review.
Charles S. Whitman III, Director
Chair of the Nominating Committee
Mr. Whitman graduated from Harvard College and graduated magna cum laude from Harvard Law School with a LL.B. Mr. Whitman also received an LL.M. from Cambridge University in England.
G. Cabell Williams, Director
Chair of the Compensation Committee
Mr. Williams attended The Landon School, and graduated from Mercersburg Academy and Rollins College, receiving a B.S. in Business from the latter.