Blackhawk Capital Group BDC Inc. (“Blackhawk”) was founded on April 22, 2004 with the intent of becoming a business development company (a “BDC”) under the Investment Company Act of 1940 for the purpose of lending funds to, acquiring interests in, and, in certain instances, providing managerial assistance to, private businesses in a diverse range of industries in the Lower Quadrant of the U.S. Middle Market. Blackhawk went public in December 2006 (OTCQB: BHCG) and was a public company from 2006 to 2013. Blackhawk de-listed on October 1, 2013, and is raising additional capital in order to recapitalize and restructure itself.
Pending a successful recapitalization and restructuring, Blackhawk intends to acquire a significant portfolio (or portfolios) of investments, for shares of Blackhawk Common Stock, from one or more holders of assets to be sourced by Blackhawk or third parties. The investments included in the acquired portfolio or portfolios are expected to have a collective fair value such that control of Blackhawk is likely to pass to the owner or owners of such portfolio or portfolios. Alternatively, Blackhawk may attempt to merge with, or effect a sale to, another entity, whereby control of Blackhawk is likely to pass to such entity. However, there can be no assurance that Blackhawk will be able to close any such transaction (or transactions), or, if closed, on terms favorable to its shareholders.
Dr. Craig A. Zabala
Co-Founder, Executive Chairman, President, and Chief Executive Officer
Dr. Zabala is the Co-Founder, Chairman, President, and Chief Executive Officer of Blackhawk since April 22, 2004. He is also the Co-Founder, Chairman, President, and Chief Executive Officer of The Concorde Group Holdings Inc. since January 16, 2015, Founder, Chairman, President, and Chief Executive Officer of The Concorde Group, Inc. since 1998; Co-Founder, President and Director of Concorde Europe Limited (United Kingdom) since 2001; Founder, Chairman, President and Chief Executive Officer of DBL since 2000.
From 2015 to 2019, Dr. Zabala was a Registered Representative at John W. Loofbourrow Associates, Inc., an investment bank in New York City. From 2007 to 2013, Dr. Zabala was a Registered Representative at Torsiello Securities, Inc., a FINRA member broker dealer, in New York City. From 2010 to 2011, he was Managing Director of Merchant Banking at 787 Capital Group LLC, a privately-held merchant banking firm in New York City. Dr. Zabala was responsible for building 787 Capital's investment banking advisory and merchant banking businesses in the U.S. and globally and working with the owners and executive management of 787 Capital in developing the firm’s client base of qualified institutional buyers (“QIBs”), family offices, and ultra-high net worth individuals under a joint venture with The Concorde Group, Inc.
From 2002 to 2003, he was a Registered Representative and an Investment Advisor with Brean Murray & Co., Inc. in New York City. From 1999 to 2001, Dr. Zabala was Senior Vice President of Merchant Banking and Investment Advisor with Trautman, Wasserman & Company, a merchant bank and broker dealer in New York City under a joint venture with Concorde Group. From 1997 to 1998, Dr. Zabala was Vice President and Investment Advisor, Private Client Group, Merrill Lynch & Co., New York City. From 1996 to 1997, Dr. Zabala was an investment banker at Baird Patrick & Company, Inc., New York City. Prior to this, from 1994 to 1995, Dr. Zabala was an Acting Chief Financial Officer and Investment Banker at Gilman Securities, Inc., family office, in New York City. From 1992 through April 1996, Dr. Zabala was Vice Chairman of the Board of Directors of Golf Reservations of America, Inc., Sherman Oaks, California. From 1989 to 1990, he was Assistant to the President and Investment Banker and Vice President of Corporate Finance at D.H. Blair and Company, an investment bank and broker dealer in New York City.
From 1998 to 2002, he was Scholar in Residence and Visiting Lecturer at the Zicklin School of Business and the Department of Finance, Graduate School, Baruch College, City University of New York, where he taught MBA courses on entrepreneurial strategy and a M.S. degree in Finance course on investment banking. From 1991 to 1993, Dr. Zabala was a Visiting Scholar and Lecturer at the Walter A. Haas School of Business, University of California, Berkeley teaching courses on entrepreneurship, venture capital and applied finance. From 1990 to 1991, he was Visiting Fellow at the School of Industrial and Business Studies, University of Warwick, Coventry, England. From 1986 to 1990, he served as Assistant Professor of Management at the School of Management, Rensselaer Polytechnic Institute, in Troy, New York. Dr. Zabala was a Doctoral Fellow conferred by the U.S. Senate (1979 to 1981) and an Economist at the U.S. Department of Labor (1979 to 1982) and an Economist at the U.S. Department of Commerce (1982 to 1986) in Washington, D.C. During part of his career in Washington, D.C., he was also employed full-time as an autoworker from 1976 to 1983 at the General Motors Assembly Division, General Motors Corporation, Van Nuys, California, where he worked and also carried out research on production relations for his doctoral research on the U.S. automobile industry.
Dr. Zabala received his A.B., magna cum laude, Pi Gamma Mu and Phi Beta Kappa, in 1974, and Chancellor Fellow conferred by the Graduate Division (1974 to 1983) leading to the M.A. in 1977 and Chancellor Fellow and Doctoral Fellow, conferred by the U.S. Senate and the U.S. Department of Labor (1979-1981), for the Ph.D. in 1983 and postdoctoral scholar in 1986 from the University of California, Los Angeles. He also pursued postgraduate studies in production theory and econometrics in the Department of Economics, The George Washington University, Washington, D.C. in 1983 to 1985 and studied finance with a focus on globalization and central banking at the Center for Financial and Management Studies, School of Oriental and African Studies (SOAS), University of London, United Kingdom from 2013-2015. Dr. Zabala is currently a Ph.D. candidate in Finance at EDHEC-Risk Institute, École des Hautes Études Commerciales du Nord, Nice, France. From 2016 to 2019, he was
a Visiting Scholar at the Institute for Research on Labor and Employment, UCLA, and a Visiting Researcher at the Max Planck Institute for the Study of Societies, Cologne, Germany.
Dr. Zabala is Member of the Board of Visitors at the University of California, Los Angeles since 2016 and is also a Board Member of the Dean of Social Sciences Centennial Campaign Committee for UCLA’s 100th Anniversary in 2019.
Dr. Zabala has published widely in academic books and journals in the fields of business, economics, finance, industrial relations, management, sociology, and federal government and financial services industry publications.
Robert Jeffery Owens
Mr. Owens has been a Director on the Blackhawk Board of Directors since 2014. He is a Co-Founder and has been a Director on the Board of Directors of Concorde Group Holdings since January 16, 2015, Director at The Concorde Group, Inc. since 2000, Director at DBL Holdings LLC since 2000, and Director at Concorde Europe Limited in the United Kingdom since 2001. He founded and operated Owens Concrete Construction Company in 1978 until 2000, when he sold the company and joined Concorde’s Boards.
Robert M. Fujii
Mr. Fujii has been a Vice President and Secretary of Blackhawk since April 22, 2004. He is a Co-Founder and has been Vice President and Secretary of Concorde Group Holdings, LLC since January 16, 2015, Vice President and Secretary of The Concorde Group, Inc. since 1999, and Vice President and Secretary at DBL Holdings LLC since 2000. From 1993 to 1999, Mr. Fujii was a financial consultant to Craig A. Zabala & Company, a business consulting company in New York City. From 1992 to 1993, Mr. Fujii worked as a financial analyst for Nichirei Foods America sales office in San Francisco. From 1979 to 1992, Mr. Fujii worked as the Supervisor of Budgets and General Accounting for Varian Associates, Inc., a manufacturer of scientific measuring instruments, located in Walnut Creek, California.
Mr. Fujii received his BA in Biochemistry in 1971 from the University of California at Berkeley and an MBA in International Business and Finance from the Haas School of Business, University of California at Berkeley in