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SBIA Membership Elects 2022-2023 Officers and Board of Governors

October 3, 2022 (Washington, D.C.) – The Small Business Investor Alliance (SBIA), the leading association for lower middle market private equity funds and investors, today announced its new 2022-2023 Board of Governors, including our Board Officers, Regional Presidents, At-Large Board Members, and designated Council Chairs. Gayle Hughes, co-founder and Partner of Merion Investment Partners and a member of the Mellon Growth Finance team, is the incoming Chair. Gayle has over 35 years of lending experience and has spent over half of her career working with entrepreneurial firms providing growth capital via leveraged cash flow and mezzanine. She was first elected to the SBIA Board of Governors in 2012 and has previously served our association as President of the Northeast Region, SBIC Council Chair, Secretary, Treasurer, Vice Chair and Chair-Elect.

“We’re pleased to welcome our new Board members, all of whom have shown a strong commitment to SBIA over the years,” said SBIA President Brett Palmer. “We are privileged to have at our helm a group of experienced small business professionals from diverse geographies and representing a range of investment strategies. The SBIA Board of Governors is a powerful component of our association’s success, and we rely on the dedication, service and guidance of our members.”

 2022-2023 Officers

Gayle Hughes
Caroline Ducas
Brad Triebsch
Vice Chair
Ben Geis
Tyson Smith
Tecum Capital, Pennsylvania
Secretary | New Officer
Peter Huff
Immediate Past Chair

Industry Council Chairs for 2022-2023

BDC Chair
Dean D’Angelo, Stellus Capital Management, Maryland

LP Chair
David Demeter, Davidson College, North Carolina

Middle Market Chair
Doug England, The Riverside Company, Ohio

Venture & Growth Equity Chair
Brian Luger, Konza Valley Capital, Kansas

SBIC Chair
Patrick Weston, Route 2 Capital Partners, South Carolina

WINC Chair
Ann Ferreira, Lake Country Capital, Minnesota

Regional Presidents for 2022-2023

Southern Regional President
Heather Hubbard, Valesco Industries, Texas

Midwest Regional President
Theresa Mozzocci, Maranon Capital, Illinois

Northeast Regional President
Andrew Panzo, NewSpring Capital, Pennsylvania

Western Regional President
Tim Rafalovich, Wells Fargo, California

About the Small Business Investor Alliance (SBIA)

The Small Business Investor Alliance is the association of senior investment professionals focused on the lower middle market whose members represent the entire private capital ecosystem. It is an alliance for professional fellowship, business opportunities, innovation, regulatory expertise, and market data. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit or call (202) 628-5055.

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