Mr. Gladstone is the founder of The Gladstone Companies and has been our Chief Executive Officer since inception. From August 1997 to August 2001, Mr. Gladstone served as Chairman or Vice Chairman of American Capital Strategies, a publicly-traded leveraged buyout fund and mezzanine debt finance company. From 1974 to February 1997, Mr. Gladstone held various positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation, Allied Capital Corporation II, Allied Capital Lending Corporation, Allied Capital Commercial Corporation and Allied Capital Advisors Inc. The Allied companies were the largest group of publicly-traded mezzanine debt funds and were managers of two private venture capital limited partnerships. From 1992 to 1997, Mr. Gladstone served as a Director, President and Chief Executive Officer of Business Mortgage Investors, a private mortgage REIT managed by Allied Capital. Mr. Gladstone served as a Director of The Riggs National Corporation (the parent of Riggs Bank) from 1993 to May 1997 and of Riggs Bank from 1991 to 1993. He has served as a Trustee of The George Washington University and currently is a Trustee Emeritus. He is a past member of the Listings and Hearings Committee of the National Association of Securities Dealers, Inc. He is a past member of the Advisory Committee to the Women's Growth Capital Fund, a venture capital firm that finances women-owned small businesses. Mr. Gladstone was the managing member of The Capital Investors, a group of angel investors, and is currently a member Emeritus. He is also the chairman and President of Gladstone Land Corporation, a publicly held company that has substantial farmland holdings in agriculture real estate in the U.S. Mr. Gladstone is also a past Director of Capital Automotive REIT, a real estate investment trust. Mr. Gladstone holds a MBA degree from the Harvard Business School, a MA from American University and a BA from the University of Virginia. Mr. Gladstone has co-authored two books on financing for small and medium sized businesses, Venture Capital Handbook and Venture Capital Investing published by Prentice Hall.

Mr. Ritchie joined Gladstone in November 2018.  Prior to joining Gladstone Companies, Mr. Ritchie worked for Ernst & Young from 2011-2018 as a Manager in the Financial Services practice, focusing on Banking and Capital Markets, in McLean, VA as well as Atlanta, GA. Mr. Ritchie is a CPA licensed in the Commonwealth of Virginia and is a member of the AICPA and the VSCPA.  He holds a B.S. in Accounting and Finance from the University of Alabama where he graduated Summa Cum Laude.

Mr. Dullum joined The Gladstone Companies in February 2008. Mr. Dullum has served as President of Gladstone Investment Corporation since April 2008 and was on the Board of Directors from June 2005 to August 2015. Mr. Dullum is an Executive Managing Director of our Adviser, Gladstone Management Corporation, and was on the Board of Directors of Gladstone Commercial from August 2003 to May 2015, and on the Board of Directors of Gladstone Capital from August 2001 to February 2015. Mr. Dullum has extensive experience in equity investing and middle market buyouts.

Prior to joining Gladstone, from 1995 to 2007, Mr. Dullum was a Partner of New England Partners, a private equity firm focused on investments in the middle market in the Mid-Atlantic and New England regions. From 1976 to 1990, Mr. Dullum was a Managing General Partner of Frontenac Company, a Chicago-based private equity firm. Mr. Dullum has served as the Chairman of NASBIC (now known as SBIA) and on the Board of Trustees of The Stanford Business School Trust. Mr. Dullum holds an MBA from Stanford Graduate School of Business and a BME from the Georgia Institute of Technology.

Current Board Affiliations
Galaxy Technologies

Select Former Board Affiliations
Chase Doors
Jackrabbit
Venyu Solutions

Mr. Beckhorn joined Gladstone in January 2013. He currently serves as Managing Director, Finance of Gladstone Commercial Treasurer of Gladstone Land and Gladstone Commercial and Assistant Treasurer of Gladstone Capital and Gladstone Investment; his focus is debt finance.

Jay has 28 years of real estate finance experience. Prior to joining Gladstone, he was a Regional Director with Heavenrich & Co., an M&A group that serves the senior's housing industry. He helped the firm's clients recapitalize their companies by arranging joint ventures with private equity groups, sale lease-back transactions with REITs and loans from banks and agencies. Before Heavenrich, Mr. Beckhorn served as a Senior Vice President with Sunrise Senior Living where he secured debt financing to support the company's development, acquisition, and joint venture activities. Additionally, he worked for the Riggs Bank in a variety of real estate related capacities including Managing Director and Senior Asset Manager for the Multi-Employer Property Trust. He started his real estate career with Kettler, a Washington, D.C. area real estate developer.

Jay earned an MBA from Duke University's Fuqua School of Business and a BA from Colgate University.

Mr. LiCalsi has been our General Counsel since October 2009 and Secretary since October 2012. He was appointed President of Gladstone Administration in July 2013. A graduate of the George Mason University School of Law, where he served as Editor-in-Chief of the George Mason Law Review from 2004-2005. Mr. LiCalsi is currently a member of the Virginia State Bar and District of Columbia Bar. Before joining the Gladstone Companies, Mr. LiCalsi served as an Associate Attorney in the Washington, D.C. office of Baker Botts L.L.P., a multinational law firm. From 1996 to 2004, Mr. LiCalsi held various positions at TD Waterhouse Investor Services, Inc. (currently TD Ameritrade, Inc.), including those of regional and national vice president. Mr. LiCalsi currently holds his series 7 and 24 licenses at our affiliated broker-dealer, Gladstone Securities, LLC. Prior to his tenure in the financial services industry, Mr. LiCalsi graduated from Rutgers College, with a BA in History.

Mr. Dellafiora joined Gladstone in September 2007 as Chief Compliance Officer. Previously, Mr. Dellafiora held management roles in regulatory compliance, financial and operational risk management, financial reporting, and enterprise data management with Fannie Mae. Prior to that he lead attestation engagements for BDO Seidman where he worked on a diverse set of client industries. Mr. Dellafiora has also provided strategic and financial services for an alternative energy developer. Mr. Dellafiora is a CPA with a BBA in Accountancy from the University of Notre Dame and a MBA from the University of Maryland’s Smith School of Business.

Ms. Smith joined Gladstone in September 2013 as a Valuation Officer. Prior to joining Gladstone, she was a Senior Vice President in the Valuation Department for MCG Capital, a public business development company in Arlington, VA from 2005-2013. Prior to her work at MCG Capital, she was a Senior Associate for FTI Consulting, a business advisory firm located in Washington, DC. Ms. Smith holds a BS in Commerce with concentrations in Finance and International Business from the University of Virginia.