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Tim Shanley

Operating Partner Emeritus

Tim Shanley is currently the CEO of Tall Tree Foods. Tim brings over 25 years of experience in the food sector and has extensive experience across a broad variety of companies, categories and functional areas. Tim began his career at Mars, Inc., where he spent 13 years across a variety of roles covering engineering, operations, sales and brand management. He was lured from Mars to pursue leadership roles in more entrepreneurial middle-market food companies, where he has since established an exceptional track record of building and positioning branded food companies to drive growth and differentiated value to consumers.

Most recently he was Interim CEO of Ronnoco Coffee, the leading provider of specialty coffee and beverage services in the mid-west. He led the efforts to reinvigorate the team, set clear priorities and identify the critical value-creation levers. He oversaw the search for the permanent CEO and still serves on the board. Previously, he was CEO of Victoria Fine Foods, which was successfully sold to B&G Foods. Tim was President/CEO from 2013 to 2017, where he led the transition out of family ownership. He built an entirely new management team and migrated the business from a regional contract-packing focused organization to a premium, national branded Italian food business that meaningfully increased the value of the business.

Tim earned a BS in Chemical Engineering at Rensselaer Polytechnic Institute.

He is currently Chairman of the Board at Center for Contemporary Printmaking and holds Board positions at Maxi Canada Inc., Ronnoco Coffee, Lavit, LLC and is on the Advisory Board of Monday Night Brewery.

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NOTES TO HURON CAPITAL PARTNERS PRELIMINARY DUE DILIGENCE QUESTIONNAIRE FOR INDIVIDUALS

“Entities” include corporations, partnerships, limited liability companies, trusts or other entities.
Defined by the Securities Act to include a natural person: (a) whose individual “net worth” (or joint net worth with such person’s spouse) exceeds $1,000,000; (b) who had an individual income in excess of $200,000 in each of the two most recent years and who reasonably expects to have an individual income in excess of$200,000 in the current year, or who had joint income in excess of $300,000 in each of the two most recent years and who reasonably expects to have joint income in excess of $300,000 in the current year; (c) who currently holds in good standing a General Securities Representative license (Series 7), Private Securities Offerings Representative license (Series 82), or Investment Adviser Representative license (Series 65); and (d) a natural person “family client” of a “family office” (each such term as defined in Rule 202(a)(11)(G)-1 under the Advisers Act, as amended, and the rules and regulations promulgated thereunder), where: (A) the family office has total assets under management in excess of $5,000,000; (B) the family office is not formed for the specific purpose of acquiring limited partner interests in the relevant Huron Capital fund; and (C) the natural person family client’s purchase of the limited partner interests offered is directed by the family office, which has such knowledge and experience in financial and business matters that the family office is capable of evaluating the merits and risks of an investment in such limited partner interests.

In this context, “net worth” means the excess of total assets at fair market value (excluding the value of the primary residence of such natural person) over total liabilities (excluding the amount of indebtedness secured by the primary residence of such natural person but only up to the primary residence’s fair market value, except that if the amount of such indebtedness outstanding at the time of investment exceeds the amount outstanding 60 days before such time (the “additional indebtedness”), other than as a result of the acquisition of the primary residence, the amount of such additional indebtedness shall be included as a liability).

For purposes of this definition, “individual income” means adjusted gross income as reported for U.S. federal income tax purposes, less any income attributable to a spouse or to property owned by a spouse, increased by the following amounts (but not including, in any of the following cases, any amounts attributable to a spouse or to property owned by a spouse): (i) the amount of any interest income received which is tax-exempt under §103 of the United States Internal Revenue Code of 1986, as amended (the “Code”); (ii) the amount of losses claimed as a limited partner in a limited partnership (as reported on Schedule E of Form 1040); (iii) any deduction claimed for depletion under Code §611 et seq.; and (iv) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Code §1202 prior to its repeal by the Tax Reform Act of 1986.