Financial Services >> CEO Interviews >> November 24, 2014

Interview with the President & CEO: KCAP Financial, Inc. (KCAP)

Dayl W. Pearson has served as KCAP Financial, Inc.'s President and Chief Executive Officer since December 2006, and has served on KCAP’s board since June 2008. Mr. Pearson has more than 37 years of banking and finance experience, and has focused primarily on middle-market credit intensive transactions, completing over $5 billion of financings over the past 15 years. From 1997 to 2006, he was a Managing Director at CIBC in the Leveraged Finance and Sponsor Coverage Group specializing in middle-market debt transactions. Mr. Pearson was responsible for originating and executing more than $3 billion of transactions including senior loans, high-yield securities, mezzanine investments and equity co-investments. Prior to joining CIBC, Mr. Pearson was instrumental in developing the middle-market leveraged finance business of IBJ Schroder from 1992 through 1997. In 1995, he became responsible for the entire $500 million leveraged finance portfolio, and was involved in approving all new senior and mezzanine commitments. Previously, he was a Senior Lending Officer in First Fidelity Bank's middle-market lending group primarily focused on restructurings, and prior to that Mr. Pearson invested in distressed securities. Mr. Pearson began his career at Chase Manhattan Bank after receiving a B.A. from Claremont McKenna College and an MBA from the University of Chicago Booth School of Business. As a result of these and other professional experiences, Mr. Pearson possesses particular knowledge and experience in corporate finance, leverage finance, corporate credit and portfolio management that strengthen the board's collective qualifications, skills and experience. Profile
TWST: What is the history of KCAP Financial?

Mr. Pearson: KCAP Financial, we went public in December of 2006 as Kohlberg Capital Corporation, and we grew out of an asset management