Bio

Mr. Schmugge is a Senior Managing Director and the Chief Operating Officer and Chief Financial Officer of Z Capital, and a member of the Management Committee. Mr. Schmugge is responsible for all aspects of Z Capital’s accounting and financial reporting. Prior to joining Z Capital, Mr. Schmugge was the former Chief Financial Officer and Chief Accounting Officer of Black Diamond Capital Management, L.L.C. (“BDCM”) where he was responsible for all aspects of BDCM’s financial reporting, tax filings and accounting. During his ten-year tenure with BDCM, Mr. Schmugge managed an accounting department of substantial size with responsibility for all of BDCM’s hedge fund and private equity investments. Mr. Schmugge has extensive experience in the accounting, finance and operations of privately-held investment management companies. Prior to joining BDCM in March 1997, Mr. Schmugge was a fund accountant with Oppenheimer & Co., Inc.’s (“Oppenheimer”) hedge fund accounting department where he was responsible for daily valuation and monthly reporting for several of Oppenheimer’s hedge funds. Prior to joining Oppenheimer in May 1996, Mr. Schmugge was a fund accountant for Appaloosa Management, L.P. (“Appaloosa”), where he was also responsible for accounting for Appaloosa’s management company. Mr. Schmugge received his B.B.A. in Public Accounting from Hofstra University. Mr. Schmugge received his CPA in 1995.