Mr. Killion has been CEO of Denali since its inception in March 2001. Prior to co-founding Denali, Mr. Killion was President and CEO of First Source Financial Inc. ("First Source"), a $2.4 billion commercial finance and loan asset management firm.. Prior to joining First Source in 1995, Mr. Killion was President of the Corporate Finance Division of Household Commercial Financial Services ("HCFS"), a subsidiary of Household Finance Corporation. Before joining HCFS in October 1989, Mr. Killion spent twelve years at American National Bank in Chicago where he most recently headed the Corporate Strategy group and earlier headed various lending units of the bank. Mr. Killion graduated with honors from the University of Illinois (BS, Finance) in 1972 and received his MBA from the University of Chicago in 1977.

Mr. Cooper has been a Managing Director of Denali since its inception in March 2001. Prior to co-founding Denali, Mr. Cooper was most recently a Senior Vice President of First Source, a $2.4 billion commercial finance and loan asset management firm. Prior to joining First Source in 1998, Mr. Cooper spent eleven years at Sanwa Business Credit Corporation ("SBCC") in Chicago. Prior to joining SBCC, Mr. Cooper spent two years at Mellon Financial Services. Mr. Cooper attended DePaul University and has taken courses at Northwestern University's Kellogg School of Business.

Mr. Thacker has been CCO of Denali since its inception in March 2001. Prior to co-founding Denali, Mr. Thacker was a Senior Vice President of First Source, a $2.4 billion commercial finance and loan asset management firm. Prior to joining First Source in 1998, Mr. Thacker spent seven years at SBCC where he was a First Vice President-Division Assistant Senior Credit Officer and Division Administration Manager. Mr. Thacker received a BS in Business Administration (Finance) from Villanova University in 1984 and a MBA from Loyola College in 1991.

Ms. Kouba is a Vice President responsible for transaction underwriting and portfolio management, directly and through the management of a team of analysts. Prior to joining Denali, Ms. Kouba was a Corporate Banking Officer at LaSalle Bank. Prior to joining LaSalle, Ms. Kouba served as an Associate at First Source. Before joining First Source in 1998, Ms. Kouba was employed for three years at Arthur Andersen. Ms. Kouba received a BS in Accounting from Northern Illinois University and her CPA in 1995.

Mr. Marienau has been with Denali since April 2001 and is responsible for accounting, finance, administration and compliance. Prior to joining Denali, Mr. Marienau was a Finance Manager for Antares Capital Corporation. Prior to Antares, Mr. Marienau spent five years as Director - Finance for First Source, a $2.4 billion commercial finance and loan asset management firm. Before joining First Source in 1995, Mr. Marienau was a Sr. Financial Analyst for HCFS. Mr. Marienau received a BBA (Accounting) from the University of Iowa and his CPA in 1991 and a MBA (Finance) from DePaul University in 1996.

Ms. Marti is a Senior Vice President responsible for transaction underwriting and portfolio management, directly and through the management of a team of analysts. Prior to joining Denali, Ms. Marti was an Assistant Vice President of Heller Financial, Inc. Prior to joining Heller, Ms. Marti served as Assistant Vice President of First Source, a $2.4 billion commercial finance and loan asset management firm. Before joining First Source in 1996, Ms. Marti was employed for three years at KPMG Peat Marwick. Ms. Marti received a BS in Accounting from the University of Notre Dame and her CPA in 1992 and an MBA from Northwestern University in 2001.

Ms. Posch is responsible for CLO compliance, supervision of the loan administration function and internal database management. She is also responsible for Trustee communication and supports the human resource function. Prior to joining Denali in 2001, Ms. Posch was a Vice President with First Source, a $2.4 billion commercial finance and loan asset management firm since its inception in 1995. Prior to joining First Source, Ms. Posch was part of the loan administration group in the Corporate Finance Division of HCFS, which she joined in 1989. Ms. Posch received a BA in Psychology from Northeastern Illinois University in 1988.

Mr. Tanny is a Director at Denali responsible for managing relationships with underwriting desks, sourcing and screening new business opportunities and executing trades. Prior to rejoining Denali, Mr. Tanny was a Director of CapitalSource, Inc. and Portfolio Manager for CapitalSource Advisors LLC, where he was responsible for negotiation, implementation and compliance for its CLOs, sourcing new business opportunities, executing trades and portfolio management. Prior to joining CapitalSource, Mr. Tanny was a Vice President and Team Leader at Denali where he was responsible for transaction underwriting, portfolio management and managing a team of analysts. Prior to joining Denali, Mr. Tanny was an Assistant Vice President for Heller Financial, Inc.'s loan participation business. Prior to joining Heller, Mr. Tanny served as a consultant at Andersen Consulting. Prior to joining Andersen Consulting, Mr. Tanny was employed as a staff auditor at The Northern Trust Company. Mr. Tanny received his BS in Accounting from the University of Illinois in 1996 and earned his CPA in 1997.