Francis Chang joined 3i Debt Management US LLC (“3i DM US”) in September 2012, which became Investcorp Credit Management US LLC  (“ICM US”) in February 2017.  Mr. Chang joined 3i DM US following the completion of the strategic transaction with Fraser Sullivan Investment Management (“FSIM”), which established the 3i Debt Management platform in the US.  He previously served as a Portfolio Manager of FSIM.  Prior to joining FSIM, Francis was a Managing Director with the Lehman Brothers Estate’s Corporate Loan Group managing the firm’s high yield portfolio (loans, mezzanine and equity).  He managed a high yield loan portfolio of approximately $2.0 billion to over 35 industrial and business services companies.  Francis joined Lehman Brothers in 1999 and in the subsequent nine years held positions in the Financial Sponsors Group, the Loan Portfolio Group and the Leveraged Finance Group.  From 1995 to 1999, Francis was a consumer/retail coverage banker in the Investment Banking Division of Furman Selz LLC.  Prior to 1995, he held positions with Financo, Inc. and in the Leveraged Finance Group at Bank of America.  He holds a BA degree from Colgate University.