Michael T. Tokarz

From November 2003 through December 23, 2020, Mr. Tokarz served as Chairman and Portfolio Head of MVC Capital, Inc. (“MVC”), a publicly traded business development company. In 2006, Mr. Tokarz founded The Tokarz Group Advisers LLC (“TTGA”), which served as the manager of MVC until MVC’s merger with Barings BDC, Inc. in 2020 and provided portfolio management services to the MVC Private Equity Fund, L.P. (the “MVC PE Fund”) until the termination of the MVC PE Fund in March 2025.

Prior to founding TTGA in 2006, Mr. Tokarz was a general partner with KKR. During his 17-year tenure at KKR, he participated in diverse leveraged buyouts, financings, restructurings and dispositions. At KKR, among other responsibilities, Mr. Tokarz served as New York Administrative Partner, a member of KKR’s first Portfolio Management Committee, and head of the commercial banking industry group. He also had roles in KKR’s investments in Beatrice Foods, Safeway Stores and Bank of New England.

Mr. Tokarz currently serves as Chairman Emeritus of the University of Illinois Foundation and previously served on the corporate boards of Mueller Water Products Inc., Walter Investment Management Corp. and CNO Financial Group.

Prior to his tenure at KKR, Mr. Tokarz was a commercial banker at Continental Illinois. Mr. Tokarz rose to run the East Coast operation of Continental Illinois from New York.