INVESTMENT FUNDS

Richard Lund has directed the investment strategy for a number of alternative funds:

• TRO Investments, LLC (2005)
• TRO Investments II, LLC (2006)
• LSM Investments, LLC (2007)
• TRO Azure Cap III, LLC (2011)
• TRO Investment Partners, LLC (2011)
• TRO Investment Partners II, LLC (2017)
• TRO Investment Partners III, LLC (2019)
• TRO Investment Partners IV, LLC (2021)

With his earliest offering, TRO Investments, LLC (2005), Mr. Lund created the first fund enabling outside investors to invest in seats on the Chicago Board Options Exchange (CBOE).  Participants in the fund earned a 4x multiple on their investment.  In connection with this enterprise, he served on several key CBOE committees and played an influential role in the Exchange’s move towards going public in 2010.  Spurred by the success of his earlier funds, Mr. Lund launched the first of the three TRO Investment Partners offerings in 2011, with many of the same investors participating.

PRIOR INDUSTRY EXPERIENCE

Earlier in his career, Mr. Lund was the co-founder and managing member of Triangle Trading LLC, a market-making firm in equity options on the CBOE floor.  Prior to that, he founded and served as president of RL Trading Corp., an “upstairs” volatility arbitrage firm.  He was also a senior trading executive at Swiss Bank Corp-O’Connor and Associates, serving in London as business head/senior risk manager in the European time zone for the Asian equity derivatives group and later in Chicago, also as business head/senior risk manager, for the Latin American equity derivatives group.

EDUCATION

Mr. Lund graduated from Indiana University in 1987 with a Bachelor of Science degree in Finance.

Jeffrey Wellek has over 35 years of multi-disciplinary experience in private equity investing, corporate acquisitions, manufacturing operations, law and accounting.

• Mr. Wellek formally joined TRO in 2017 after being an advisor and investor in the prior TRO funds.
• He founded NJB Investments, LLC in 2009 and co-founded Focus Investments, Inc. (“FII”) in 2001.
• FII formed Focus Products Group (“FPG”) and it acquired 15 companies over a 6-year period increasing annual sales from $20 million to over $200 million in the hospitality, foodservice and consumer markets. In 2006, FII sold the majority interest in FPG generating a 10x return for investors.
• In 2011, FII acquired O2Cool, LLC, a leading designer and distributor of innovative products targeting the outdoor enthusiast and active lifestyle markets and successfully sold O2Cool in 2017 generating a 4x return for investors.
• Prior to Focus, Mr. Wellek was a founding partner of Dakota Capital Partners, LLC, a private equity investment firm responsible for investing in six platform portfolio companies and eight add-on acquisitions and worked at the equity investment division of Heller Financial, Inc.
• Mr. Wellek began his career as an attorney specializing in mergers and acquisitions and securities law with what is now Katten Muchin Rosenman LLP, an international law firm based in Chicago.
• He currently sits on the board of directors of a number of private businesses and is also active in several philanthropic organizations.
• Jeff received a BS in Accountancy from the University of Illinois and a JD from Northwestern University. He is licensed to practice law in the State of Illinois and is a CPA.

TRO ADVISORY BOARD

The Advisory Board members will assist in a number of critical areas:

• Serving on the Fund’s Investment Committee
• Sourcing deal flow
• Facilitating capital introduction
• Providing strategic business guidance

ADVISORY BOARD MEMBERS

Alan D. Lev – President/CEO of Belgravia Group, Ltd., a Chicago residential homebuilder that was most recently awarded Developer of the Year from Chicago Agent Magazine.  Alan joined Belgravia Group in 1989.  He is also an attorney, a CPA, a licensed real estate broker, and a licensed insurance broker.

Dan Drexler – Director of Research at Longview Asset Management, a multi-strategy investment vehicle for the Crown family of Chicago.

Scott Goodman – Founding Principal of Farpoint Development, where he focuses on acquisitions, investor relations, procurement of financing and equity, and transaction structuring.

Carol Roth – Internationally recognized business expert, former investment banker, investor, the entrepreneur behind the Future File^® legacy planning system, and the author of The New York Times bestselling book, The Entrepreneur Equation.  Carol is also a media contributor to outlets ranging from CNBC to MSNBC to Fox Business.

John Petrovski – A former banker, who during his career served as Group President for three different real estate lending/investing programs—at Heller Financial, Merrill Lynch Capital and BMO Harris Bank—each program consisting of 80-150 teammates and originating 150+ transactions ($3 billion) per year.

David J. Friedman – President of Conor Commercial Real Estate, a national industrial and multifamily development company that serves as the development entity of The McShane Companies.  Prior to Conor, David held executive positions at Ares Management, Sterling Partners and Heller Financial.