We are led by an experienced team of executives who have played important roles in helping build and grow profitable public and private businesses. Our management team has worked together on investments for years, and we operate with a shared set of core values.
R. Brad Martin
R. Brad Martin, our Chairman and CEO, has significant experience in executive leadership, corporate strategy, public company governance, and entrepreneurial ventures. Mr. Martin is the Retired Chairman and CEO of Saks Incorporated, having retired from Saks in 2007 after having served nearly 20 years as Chairman and CEO of that firm and its predecessor company. Martin was the lead investor in RBM Acquisition Company, an entity which acquired Saks’ predecessor business, Proffitt’s Incorporated in 1984. Martin became the Chief Executive Officer of Proffitt’s in 1989 when it was operating 10 stores and generating annual revenues of approximately $70 million. Over the subsequent decade, Proffitt’s grew to become one of the largest traditional department store businesses in the United States generating annualized revenues of approximately $4 billion. In 1998, Proffitt’s acquired Saks Holdings, merged it into Proffitt’s, and renamed the combined enterprise Saks Incorporated. While continuing to upgrade the Saks Fifth Avenue store base, Martin recognized the continuing consolidation of the mid-range department store industry and developed and executed a strategy to divest the traditional department store assets. Saks Incorporated shareholders received hundreds of millions of dollars of special dividends as a result of these transactions and during the 18-year period when Martin served as CEO and Chairman of Proffitt’s/Saks, the value of its stock increased substantially.
In 1987, Martin co-founded Corporate Child Care Incorporated designed to serve the emerging market of employer-based child care services. Martin was the company’s first CEO, wrote its strategy, and recruited its long-term management team. Corporate Child Care grew successfully and became a public company trading on the NASDAQ under the name “Corporate Family Solutions.” The company subsequently merged with Bright Horizons to become part of the largest corporate-affiliated child care company in the United States.
Martin has also served in a number of significant leadership roles on Boards of Directors of public companies.
He served as a member of the Board of Directors and Chairman of the Executive and Risk Committee of First Horizon National Corporation, a major regional banking company. While in that role, Martin helped lead First Horizon through the difficult times associated with the 2008 financial crisis.
Martin joined the Board of lululemon athletica in early 2007 when it was a private company. He participated in lululemon’s successful IPO and was a member of its Board of Directors for five years, including serving as its Lead Director.
Martin currently serves as Chairman of RBM Ventures, his family office, and as a member of the Board of Directors of FedEx Corporation where he chairs the Audit Committee. He is also Lead Director of the Board of Managers of Pilot/Flying J—North America’s largest travel center company owned jointly by a private family and Berkshire Hathaway.
Martin also serves as a strategic advisor to CVC, a global private equity firm, and co-chairs its U.S. Board of Advisors. He was integrally involved in facilitating a successful investment by CVC in Pilot/Flying J in 2007.
Martin has a record of involvement in philanthropic and not-for-profit activities. He chairs the Martin Family Foundation, which provides support for a variety of not-for-profit interests.
He has served as the Interim President of the University of Memphis and was a five-term member of the Tennessee House of Representatives. Martin is a member of the Council on Foreign Relations and the Board of Trustees of the University of Memphis.
Martin holds a bachelors of science degree from the University of Memphis, a masters in business from Vanderbilt University, and an Honorary Doctor of Letters from the University of Memphis.
Charles K. Slatery
Charles K. Slatery, our President and Chief Investment Officer has over 40 years of experience in capital management, insurance operations, and private investments. Slatery is the Chairman and CEO of NFC Investments, LLC, a S.E.C.-Registered Investment Advisor based in Memphis, TN. Slatery is the Chairman and CEO of WT Holdings, Inc., a privately-owned insurance holding company based in Memphis, TN. WT Holdings controls the following operating subsidiaries:
• Stillwater Insurance Company/Stillwater Property & Casualty Company, a 50-state personal lines property and casualty insurance company focused on home and automobile insurance based in Jacksonville, FL. WT Holdings purchased Stillwater from Fidelity National Financial, Inc in 2012
• Tri-State Consumer Insurance Company, a New York personal lines property and casualty insurance company focused on home and automobile underwriting based in Jericho, NY
• Evergreen National Indemnity Company, a national property and casualty insurance company focused on landfill closure and post-closure and waste disposal surety programs based in Cleveland, OH.
WT Holdings is also a 50% owner of Gramercy Indemnity Company, a specialty insurance company focused on niche insurance products based in New York, NY where Slatery serves as a director.
Slatery is the Chairman of the following private companies:
• WBL Corp, which controls National Fire and Casualty, Co, a municipal insurance company based in Bloomington, IL
• Hollywood Feed, LLC, a multi-unit pet food and supply retail operation with 110 stores based in Memphis, TN
• Corrisoft, LLC, a telecommunications service provider to correctional/government agencies based in Lexington, KY
Slatery also serves as a director of Tecton Group, LLC, a ketone-based performance drink company based in Memphis, TN.
He is also a director and former Chairman of St George’s Independent School in Collierville, TN where he led the expansion of St George’s from a K-6 elementary school to a multi-campus K-12 school.
Slatery holds a B.A. from Wake Forest University and an MBA in Finance from the University of Tennessee. Slatery is a CFA charterholder.
Will Thompson, our Secretary and Chief Financial Officer, has over 20 years of experience in capital management, insurance operations, and private investments. Thompson is the President and Chief Compliance Officer of NFC Investments, LLC, a S.E.C.-Registered Investment Advisor based in Memphis, TN. Thompson is also the Executive Vice President of WT Holdings, Inc, a privately-owned insurance holding company based in Memphis, TN.
Thompson is the President of NFC Arizona Renewables, LLC, a renewable energy company based in Memphis, TN with dairy renewable natural gas operations in Arizona.
Thompson serves as a director of the Memphis/Shelby County Sports Authority and Memphis University School. He is a founder and board member of Slingshot Memphis.
Thompson holds a B.S. from the McIntire School of Commerce at the University of Virginia. Thompson is a CFA charterholder.