Joseph B. Alala III has been the Chief Executive Officer, President and Chairman of the board of directors of Capitala Finance Corp. since 2013, and serves as the Managing Partner and Chief Investment Officer of Capitala Investment Advisors. Since 1998, Mr. Alala has been the Founder, President and Chief Executive Officer of Capitala Investment Advisors and its legacy funds. In 2000, Mr. Alala was the youngest founding general partner to receive an SBIC debenture license in the 50-year history of the SBIC program. Mr. Alala serves on the board of governors of the Small Business Investor Alliance, or SBIA — formerly the National Association of SBICs, or NASBIC. Mr. Alala also serves on the board of directors of various portfolio companies of Capitala Investment Advisors, and has previously served on the board of directors of nonprofit organizations and private bank holding companies. He also serves on Princeton University’s track and field’s trustee board. Mr. Alala received his A.B. in economics, with a concentration in finance and a minor in politics, from Princeton University, and a J.D. and MBA from Wake Forest University. Mr. Alala’s intimate knowledge of the business and operations of Capitala Investment Advisors, extensive familiarity with the financial industry and the investment management process in particular, and experience as a director of other organizations not only gives the board of directors valuable insight but also positions him well to serve as the Chairman of the board of directors.