Michael Jackson

Michael Jackson is an Investment Committee Member for the Funds. Mr. Jackson was a Partner and Managing Director at Lehman Brothers for over 20 years and remains an Advisory Director of the firm. JacksonÕs career at Lehman Brothers began in 1968 and included management of the Corporate Finance Department as well as the Private Placement, Telecommunications and Investor-Owned Utility Groups. Mr. Jackson is a graduate of Dartmouth College, the School for Advanced International Studies at Johns Hopkins, and the New York University Graduate School of Business. He is also the Chairman of the Nelson A. Rockefeller Center for the Social Sciences at Dartmouth College. Mr. Jackson is a General Partner of Housatonic Partners and sits on the boards of Rapid Communications Partners, L.P., Archives Management, Inc., and White Flower Farm, Inc.

Trygve Myhren

Trygve Myhren is an Investment Committee Member for the Funds. He is President of Myhren Media, Inc., a private investment firm concentrating in telecommunications, media, software and internet-related companies which is based in Denver, and Vail, Colorado. He also serves as non-executive Chairman of Scandinavian Channel, Inc. Mr. Myhren has been President or Chairman and CEO of various companies such as The Providence Journal Company and King Holdings (both diversified media companies) and American Television and Communications Corp. (today known as Time Warner Cable). Mr. Myhren, recipient of the National Cable Television AssociationsÕ Vanguard Award for Leadership in 1988, was formerly Chairman of the National Cable Television Association and co-founded Cable Labs, The Cable Advertising Bureau and what is now known as The Marketing Society of the Cable and Telecommunications Industry.

Mr. Myhren currently serves on the board of Dreyfus Founders Funds, J.D. Edwards, Inc. (JDEC), Verio, Inc. (VRIO), Peapod, Ltd. (PPOD), Advanced Marketing Services (ADMS), GIANTC, Formus, Inc., Cable Labs and the Cable Center. He is a trustee of the US Ski and Snowboard Team and Foundation, The Colorado Forum, and the University of Denver where he chairs the Finance Committee and serves on both the Executive and Faculty/Academic Affairs committees. He is a graduate of Dartmouth College and The Amos Tuck School of Business Administration.

Jackson Roberts

Jackson Roberts is an Investment Committee Member for the Funds. He is currently a Managing Director at AEA Investors, Inc. Previously, he was Senior Managing Director-Head of Global Telecom and member of the Board of Directors at Bear, Stearns & Co. Inc. In that role, Roberts built a telecom practice from zero to over $200 million in revenue in 5 years. He executed multiple M&A assignments for large-cap telcos as well as serving over 60 growth companies including Intermedia, LIN, Globalstar, Convergent, Teleglobe, ORBCOMM, MFS, Arch, Telesystem International Wireless, US LEC, Tricom, American Mobile Satellite, Dolphin, Skytel, COLT, Telco, HighwayMaster, MGC, Satelindo, e.spire, Orbital Imaging, PageNet do Brazil, OnePoint, GST, General Wireless, Covad, Telecom Asia , MetroNet and China Telecom. Currently, he sits on the boards of Language Line and Selex. He has been a director of several publicly traded communications companies including Intermedia Communications Digex Incorporated and A+ Communications.

Prior to joining Bear, Stearns & Co. Inc., Roberts was a Managing Director at The Blackstone Group. Mr. Roberts was also Vice President-Corporate Development for BellSouth Corporation where he was responsible for all new business opportunities, venture capital investments, and corporate combinations. Roberts founded The Franklin Group, a firm specializing in complete development. He began his career providing financial and operating direction to an SBA backed venture firm, Dixie Capital Corp.

William Thorndike

William Thorndike is an Investment Committee Member for the Funds. He is the Managing General Partner of Housatonic Partners, a private equity firm with $175 million in capital under management that was founded in 1994. Mr. Thorndike has also worked at Black Mountain Corporation, T. Rowe Price Associates and Walker Publishing. Mr. Thorndike is a graduate of Harvard College and Stanford Graduate School of Business. He is on the Board of Directors of the following companies: Ancora Capital and Management, Carillon Assisted Living, LLC, Direct Mail USA, Inc., First American Records Management, Inc., Rapid Communications, L.P. , Walker Publishing, Inc., Event Rentals, Inc., Central Valley Cable T V, Athletic Club Investors, LLC, Vascutech, Inc., Courtland Associates, and White Flower Farm, Inc. He is a Trustee of the Groton School.

Robert Forlenza

Bob Forlenza is a non-voting observer of the Investment Committee. Mr. Forlenza is currently the Managing Partner of the Tudor Ventures Fund, a venture capital fund established by the Tudor Investment Corporation. Tudor Ventures focuses on investments in communications, software, information technology services and Internet related companies. Mr. Forlenza is also a Managing Director of Tudor Investment Corporation, an investment management firm with over $5.0 billion of client funds under management.

Prior to joining Tudor, Mr. Forlenza was a vice president at Carlisle Capital, a private leveraged buyout firm, CEO of American Management Company, a developer and marketer of system management software and a consultant at Bain and Company, a strategy consulting firm. M r. Forlenza currently serves on the Boards of Art Technology Group, PRT Group, Inc. and numerous private companies. He is a graduate of Washington and Lee University and Harvard Business School.

Gregory Mulligan

Greg Mulligan is a non-voting observer of the Investment Committee. Mr. Mulligan is a co-founder and Managing Director of Citizens Capital, Inc. Citizens Capital, a wholly owned subsidiary of Citizens Financial Group, provides mezzanine and equity investments to middle market companies. Since its formation in 1996, Citizens Capital has invested approximately $150 million in over 25 separate debt and equity transactions. In addition, Citizens Capital has investments in twenty-one private equity funds with commitments totaling over $125 million. Mr. Mulligan is responsible for managing the fund investment activities for Citizens Capital and all telecommunications and technology investments. Prior to joining Citizens Capital, Mr. Mulligan was President of Bay Capital Advisors Inc. an investment banking company providing private placement service to media and communications companies. Mr. Mulligan spent thirteen years at Fleet Financial group, heading the Communication Lending Group, before he resigned in 1993 to form Bay Capital Advisors. Mr. Mulligan is a graduate of Boston College.