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OFS Capital Corporation (NASDAQ: OFS) is a business development company that is focused on meeting the distinct capital needs of middle market companies.

Board of Directors

Bilal Rashid
Chairman & CEO

Mr. Rashid is the Chairman of the Board of Directors and Chief Executive Officer of OFS Capital Corporation. Mr. Rashid is also President of OFS Capital Management, LLC and a member of the investment and executive committees of the firm. In addition to his investment responsibilities, he is responsible for strategic initiatives and capital markets related activities.

Prior to joining OFS Capital Management in 2008, Mr. Rashid was a Managing Director in the Global Markets & Investment Banking (GMI) division at Merrill Lynch. Mr. Rashid has more than 20 years of experience in investment banking, debt capital markets and investing as it relates to corporate credit, structured credit and securitization. Over the years, he has advised and arranged financing for commercial finance companies including business development companies, banks, and asset management companies including hedge funds and private equity firms. Before joining Merrill Lynch, he was a Vice President at Natixis Capital Markets, which he joined in 2005 as part of a large team move from CIBC World Markets. Prior to CIBC, he worked as a Financial Analyst at Lehman Brothers and as an Investment Analyst in the project finance area at the International Finance Corporation, which is part of the World Bank.

Mr. Rashid holds a Bachelor of Science in Electrical Engineering from Carnegie Mellon University and a Masters of Business Administration from Columbia University.

Jeffrey A. Cerny
Chief Financial Officer

Mr. Cerny is the Chief Financial Officer of OFS Capital Corporation. Mr. Cerny also serves as the Treasurer and a Senior Managing Director of OFS Capital Management, LLC, and is a member of the investment and executive committees of the firm. He oversees the finance and accounting functions of the firm as well as underwriting, credit monitoring, CLO portfolio compliance and loan administration for OFS Capital Management’s Broadly Syndicated Loan business.

Mr. Cerny’s experience in leveraged finance, workouts, banking and credit exceeds 25 years. He has held various positions at Sanwa Business Credit Corporation, American National Bank & Trust Company of Chicago and Charter Bank Group, a multi-bank holding company prior to joining OFS Capital Management in 1999.

Mr. Cerny holds a Bachelor of Science in Finance from Northern Illinois University, a Masters of Management in Finance and Economics from Northwestern University’s J.L. Kellogg School of Management, and a J.D. degree from DePaul University’s School of Law.

Elaine Healy
Lead Director

Ms. Healy is a co‐founder and Managing Partner of NexGen Venture Partners, LLC, dba Aura Wireless, a provider of wireless infrastructure technology. Prior to co‐founding NexGen, Ms. Healy was a co‐founder, president and chief operating officer of Accel Networks, LLC, a fixed cellular wireless broadband service provider founded in November 2002 and acquired in June 2015. She is a senior executive with a broad investment background investing in operating companies ranging from start‐ups to emerging growth to publicly traded entities and serving as a director of companies in a wide range of industries prior to becoming an entrepreneur. Throughout her career, she has participated in or been responsible for the periodic valuation of both debt and equity portfolios. Ms. Healy graduated from The Florida State University in 1984 with a Bachelor of Science in Finance. Ms. Healy’s term as a Class I director will expire in 2022. Ms. Healy, the chair of our audit committee, has vast experience in the financial and operational aspects of complex businesses, and her skills gained through service as a president and chief operating officer is essential to our board of directors. She brings to our board a unique perspective on a wide range of investment vehicles, including closed‐end funds, SBICs, business development companies and both limited and general partnerships. Ms. Healy’s background has enabled her to cultivate an enhanced understanding of operations and strategy with an added layer of risk management experience that is an important aspect of the composition of our board of directors.

Lead Director
Romita Shetty

Ms. Shetty currently serves as a principal of DA Companies, parent of DA Capital LLC, a global investment manager specializing in credit and special situations. Ms. Shetty has 27 years of experience in fixed income and credit. At DA Capital she has focused on special situations, structured credit and private investments. She has also served in a management capacity as President of DA Capital Asia Pte Ltd. In 2007-2008 she ran the Global Special Opportunities group at Lehman Brothers which invested proprietary capital across the capital structure. Prior to that she co-ran North American structured equity and credit markets and the Global Alternative Investment product businesses at RBS from 2004 to 2006. Previously she worked at JP Morgan from 1997 to 2004 where she ran their Global Structured Credit Derivatives as well as Financial Institutions Solutions and CDO businesses. She started her career at Standard & Poor’s in 1990 where she worked on a wide variety of credit ratings including municipal bonds, financial institutions and asset-backed securities and managed a large part of their ABS ratings business. Ms. Shetty holds a BA (Honors) in History from St Stephens College, India and a Master of International Affairs from Columbia University.

Ashwin Ranganathan
Ashwin Ranganathan currently serves on the board of CIM Real Assets & Credit Fund, an affiliate of OFS Capital Corporation, and which is sub-advised by OFS Capital Management, LLC. Mr. Ranganathan is the founder and CEO of Sikander Capital, a multi-asset family office focused on equity, venture capital and real estate, which he founded in 2013. Prior to that, from 2005 until 2013, he was a partner and managing director at Tudor Capital, a $13 billion global multi-strategy hedge fund where he managed a $500 million Asia Pacific long/short equity portfolio, was co-portfolio manager of Tudor Capital’s emerging markets fund and a member of the board of directors of Tudor Capital Singapore. From 2001 to 2005, Mr. Ranganathan was a senior vice president and an equity partner at Oaktree Capital Management, a global asset management firm specializing in alternative investment strategies, where he served as head of the global emerging markets group. Mr. Ranganathan began his career at Goldman Sachs Asset Management in 1994, where he worked as a portfolio manager in the firm’s Hong Kong and New York offices.  Mr. Ranganathan graduated from St. Stephens College, Delhi University in 1991 with a Bachelor in English Literature and Exeter College, Oxford University in 1994 with a Master in Philosophy, Politics and Economics.  Mr. Ranganathan’s vast experience in asset management and expertise in investments qualifies him for service on the board of directors. Mr. Ranganathan’s background has enabled him to cultivate an enhanced understanding of operations and strategy with an added layer of risk management experience that is an important aspect of the composition of the board of directors.