Steve Winograd `82, Managing Director of PennantPark Investment Advisers, has recently joined the Advisory Board of the Private Equity Program at Columbia Business School. PennantPark Investment Advisers is a leader in providing middle-market companies with creative and flexible debt and equity financing. The firm manages approximately $2.5 billion across three middle market-focused credit funds. At PennantPark, Mr. Winograd is responsible for originating, structuring, executing and managing investments in clients based primarily on the East Coast of the United States. Prior to joining PennantPark in September 2015, Mr. Winograd spent 30 years as an Investment Banker with a focus on originating and executing leveraged finance, M&A, public and private equity, and restructuring transactions for private equity firms and their portfolio companies across a wide variety of industries. During his investment banking career he completed over 250 transactions with aggregate value in excess of $200 billion and held senior positions in, and in some cases ran, the Financial Sponsors Groups at a number of other leading investment banks including Bank of America Merrill Lynch, Deutsche Bank, Bear Stearns, BMO Capital Markets, and Drexel Burnham Lambert. Mr. Winograd also spent two years as a General Partner of The Blackstone Group Private Equity Fund as well as two years as a Partner of the Argosy Group, a restructuring advisory firm. Mr. Winograd currently serves as an Independent Director of the parent company of Shopko Stores, a general merchandise retailer with annual revenues in excess of $2.5 billion that operates approximately 380 stores in 26 states throughout the Midwestern, Northwestern and Southwestern regions of the United States. Previously he served as an Independent Director of Caesars Entertainment Operating Company, the principal operating subsidiary of Caesars Entertainment Corporation, one of the world's largest and most diversified casino-entertainment companies as well as The Gymboree Corporation, a specialty retailer of high-quality clothes and accessories for children, and an affiliate of Linn Energy, which was one of the top-20 independent oil & gas exploration & production companies in the US. He holds a BA from Wesleyan University and an MBA from Columbia University Business School, where he was elected to the Beta Gamma Sigma Honor. Steve Winograd `82