TPG Principles

Mr. Peoples has spent twenty-five years in agribusiness, banking, finance, and law from an operational, economic, restructuring, and financing perspective. During the past fifteen years, Mr. Peoples has operated an independent consulting business involving banking and government sponsored enterprise policy and legislation, producer organization development, prudential regulation and oversight of financial institutions, banking operations and systems management, structured finance, business organization and development (primarily in agribusiness, food processing, food marketing and finance), medical facilities, and trade and investment. Mr. Peoples has participated in numerous assignments and projects for public, private, and multilateral lending institutions, and the US government (USAID, USTDA, HUD, and USDA) in more than 50 countries in Europe, Asia, the Americas, and Africa in a wide range of projects.

Some recent project work includes a feasibility study on a medical facilities complex in Nigeria, organizing and developing operating systems and procedures for an equipment leasing company in Afghanistan; crafting of food processing financing facility in Bosnia and Herzegovina; restructuring of Polish cooperative banks; privatizing a Bulgarian poultry enterprise; preparation of a restructuring and privatization plan for an Albanian state bank; organizational and business plan development of a commercial bank in Kosovo; developing an agricultural finance company for Ukraine; drafting laws and regulations for public warehouses in Turkey for grains and cotton; developing securitization of municipal tax receipts in Paraguay; restructuring of loan guarantee fund into investment trusts to support a USAID supported national non-bank financial network in Guinea (Conakry); conducting due diligence on an Asian Development Bank SME credit line to commercial banks in Sri Lanka; conducting a World Bank study on equipment leasing in Bulgaria; designing a commercial rural financial system for Mexico; assessment of rural infrastructure for IDB financing in Guyana; and establishing a trust to fund agricultural technical assistance in Bolivia.

Previously, Mr. Peoples served as President of the Farm Credit System Assistance Board which directed Federal government investment in restructuring the financially troubled $60 billion Farm Credit System (FCS) banks, a government sponsored enterprise having a nationwide network of agricultural cooperative financial institutions. He managed Congressional budget authority of $4 billion, but used less than one-third, directing the capital investment of $1.3 billion in the FCS to end the financial crisis. Mr. Peoples managed a staff of 24 and served at the pleasure of the Board comprising the Secretary of Agriculture, the Secretary of the Treasury, and a Presidential appointee. He testified annually before US Congress. He closed the corporation on December 31, 1992, completing the restructuring program on time, under budget, and with all capital repaid.

Mr. Peoples has lectured nationally and internationally on banking and policy reform, prudential regulation and rural and trade finance. He co-authored a book detailing the Farm Credit crisis entitled, The Anatomy of an American Agricultural Credit C ultural and rural issues.

Mr. Naylor, Executive Vice President, has over thirty years experience as a senior management executive in the areas of medical facilities, agribusiness finance, and rural development. Mr. Naylor has extensive domestic and international experience in the evaluation and development of healthcare facilities. Since 1996, Mr. Naylor has provided business advisory services for public and private institutions in the agribusiness and healthcare industries. As Executive Vice President, he manages consulting services on a wide range of projects generally focusing on business organization, development, marketing, financing, and operations in the agribusiness and healthcare industries. Mr. Naylor has personally worked in more than 15 countries managing consulting projects.

Mr. Naylor has managed numerous project assessments and feasibility studies in agribusiness and health care facilities for USAID, USTDA and the World Bank. Mr. Naylor has conducted a healthcare delivery system restructuring review for the Ministry of Health in Poland and a hospital facilities evaluation and review for The World Bank in Poland. Mr. Naylor conducted a feasibility study for the first private hospital in Bulgaria, participated in a project to develop a new trauma center in Bulgaria, and has prepared financial and feasibility evaluations for several private medical clinical facilities in that country. Mr. Naylor has also conducted evaluations of agribusiness projects and healthcare delivery capabilities in Albania and Turkey. Mr. Naylor lead a consortium of five companies conducting a feasibility study for a commercial medical facilities complex near Port Harcourt, Nigeria for a 110 bed facility meeting international quality and operational standards. Mr. Naylor has also conducted many agribusiness project evaluations and feasibility studies in Nigeria, Ghana, Ukraine, Kazakhstan, Tajikistan, Colombia, Bulgaria, and Cameroon.

Domestically, Mr. Naylor has been lead partner of Dominion Medical Facilities, a developer and owner of domestic medical facilities in Northern Virginia. Previous to this work, Mr. Naylor was President, U.S. Agricredit, a diversified financial services company providing secondary market support for agricultural and rural community banks. The firm managed the first successful public sale of agricultural real estate backed securities using the Farmer Mac program in the amount of $235 million.

Mr. Naylor held five sub-cabinet Presidentially appointed Senate confirmed positions under four US Presidents. He has served Undersecretary for Small Community and for Rural Development of the Department of Agriculture and subsequently served as Chairman and CEO of the Farm Credit Administration. In addition he has previously held senior level government positions as Administrator of the Farmers Home Administration, member of the Commodity Credit Corporation Board of Directors, Rural Telephone Bank Board, and Deputy Administrator of the Federal Crop Insurance Corporation. Mr. Naylor served on the Cabinet Council for Finance and was the lead executive for development of the government's legislative assistance package for the Farm Credit System. While serving as Undersecretary of USDA, Mr. Naylor supervised the Farmers Home Administration, the Rural Electrification Administration and the Federal Crop Insurance Corporation and The Office for Rural Development.

Mr. Naylor, earlier in his private sector career served as Senior Vice President, Farm Credit Banks of Sacramento. Mr. Naylor received his undergraduate degree at the University of Kansas.

Mr. Brown has over 35 years experience in agribusiness marketing and cold chain logistics. Mr. Brown’s experience is particularly strong in the fields of aquaculture and fresh fruits and vegetables. For instance, Mr. Brown spent five years assisting the Indonesian aquaculture and fresh fruits and vegetable industries to upgrade their logistics systems to meet international standards. He assisted in upgrading Indonesian aquaculture processors and then helped them break into the US market. He assisted sea catch, aquaculture, and fruit producers in the Eastern Caribbean to improve their processing and expand their US markets. He managed projects which assisted fresh fruits and vegetables and aquaculture firms in Hungary to improve their processing operations and increase their sales into Western Europe. Mr. Brown has assisted a diverse group of agribusiness companies in over 40 countries in the cold chain logistics and marketing arena.

Mr. Brown is currently assisting in the development of the cold chain industry for fresh fruits and vegetables, meats, poultry, fish, pharmaceuticals, and biotechnology products in India. A series of workshops have just been completed in India, which will be followed by a US Study Tour for Indian firms. These activities have sparked a wide range of training initiatives in India, as well as catalyzing major US investment in cold chain infrastructure.

Mr. Brown is also assisting the Mauritius private and public sector to develop and implement a program to expand their infant aquaculture industry and improve their international market position in both sea catch and aquaculture products. His activities include: developing a strategic plan for the development of the fisheries industry in coordination with both the private and public sector; identifying investors; providing technical assistance and organizing training for fisheries and cold chain development; developing and implementing a marketing plan; assisting in the creation of an industry association; developing R&D capability within the association, in cooperation with the government; solving cold chain constraints; marketing product. Mr. Brown is also currently engaged in developing aquaculture projects in the Andaman Islands of India.

Mr. Brown has worked as a senior consultant for CARGIL, ConAgra Foods, and TENNECO West. Mr. Brown founded and for ten years managed a full service accounting firm, serving five states. In his practice, he provided accounting services to small and medium-scale firms engaged in export and import. He provided financial, technical, and marketing support to firms in the foods and other industries. He assisted firms to source bank and venture capital financing and to go public. He has a Masters Degree in Developmental Economics from the University of Virginia and two years of post graduate work in business and finance.