STEVE PHELAN - Fund ADMINISTRATOR

Dr. Steve Phelan is Distinguished Professor of Entrepreneurship at Fayetteville State University. Prior to joining FSU, he worked at several universities, including the University of Texas at Dallas, University of Nevada Las Vegas, and Rowan University (NJ).  

A native of Australia, he holds a BS in psychology, an MBA in marketing, and PhD in economics. He worked in the telecommunications, airline, and consulting industries before becoming an academic, primarily at the interface of strategy and finance.


Karl Legatski

Karl earned BS and MS degrees in Chemical Engineering from the University of Michigan and early in his career worked in R&D for Occidental Petroleum in Los Angeles and product development for FMC Corporation in Chicago. In 1991 he started CelTech Inc. which manufactures and markets industrial electrodialysis cells and related chemical process equipment; his son now runs the family business.

He has also served on numerous non-profit boards since moving to Fayetteville in 1988 and is currently President of the Sandhills Area Land Trust.


Mike Lallier


John Quinn 


David Trego 

David joined the Fayetteville Public Works Commission staff as the Chief Operations Officer for the Electric Division in January 2010.  He has had over 30 years of utility industry experience prior to joining PWC. Before moving to North Carolina he had an extensive career with UGI Utilities in Reading, Pennsylvania from 1987-2009. 

During his time at UGI he held various leadership positions in both operations and marketing and from 2004-2009 he served as President and CEO of the organization overseeing the operation of the 625,000 customer gas and electric utility. Prior to his work at UGI Utilities, David worked for General Electric Company’s Power Generation Group in Chicago from 1980-1987. 

David earned both his MBA and Bachelors in Civil Engineering from Penn State University, where he was also recognized by receiving the University’s Outstanding Alumni Award in 2007. He has been active in economic development and served on the Board of Directors of several professional, civic and community organizations.


Murray Duggins 

Murray has been working in real estate for nearly 30 years. He has been a licensed North Carolina Real Estate Broker since 1972 and a North Carolina Licensed General Contractor since 1978. He led the expansion of United Realty by founding several subsidiary companies, becoming one of North Carolina’s leading developers of single-family housing. He has also developed one of the largest and most successful apartment portfolios in the Carolinas. In the mid-eighties, the Duggins family companies expanded into daycare, commercial construction and land development. Today, Murray is focused on apartment development.


Mac Healy  


Ralph Huff 

Ralph is a native of Hoke County and a 1972 graduate of UNC Chapel Hill.  He and his wife Linda are the owners of H&H Homes which has built over 5000 homes in the Carolinas.  Ralph is also the co-owner of Coldwell Banker Advantage, the #1 Coldwell Banker Real Estate franchise in North Carolina, with almost 800 agents in the Wilmington, Jacksonville, Raleigh, Fayetteville and the Moore County areas. He has developed extensive multi-family and commercial developments to include eight condominium communities, over 30 subdivisions, numerous shopping centers such as the mixed Millstone Village Town Center and the 300 Block development in downtown Fayetteville. Ralph is currently working on the Park View project with townhomes, lofts and condos across from the Airborne and Special Operations Museum on Bragg Boulevard.  He is also known for his contributions of time, talent and resources to many of Fayetteville's community organizations.


Terry Hutchens

Terry launched his legal career in 1981 after earning his undergraduate degree from NC State, an MBA from Wake Forest and his juris doctorate from Wake Forest Law. He started his solo law career a year later with a staff of 7. Since then his firm has expanded to employ more than 250 attorneys and support staff and has offices in Fayetteville, Charlotte, and Wilmington. 

Terry is actively involved in various organizations serving on boards and/or committees such as the North Carolina Bar Association, the North Carolina Economic Development Board, the Cumberland County Development Foundation, the Methodist University Board of Trustees; Greater Fayetteville Chamber of Commerce, the Fayetteville Economic Development Corporation and the North Carolina Board of Transportation.

He has been awarded Order of the Long Leaf Pine by Governor Jim Martin the highest civilian honor given by North Carolina; in 2011 American Business Ethics Award presented to him by the Foundation for Financial Service Professionals; elected to the Board of Fellows for the American Bar Foundation; recognized as a North Carolina “Super Lawyers” and “Super Lawyers Corporate Counsel” by the North Carolina Super Lawyers Magazine 2007-2014; and selected by US News as one of the “Best Lawyers in America” .


Rajan Shamdasani

Rajan Shamdasani has been in Fayetteville for about 40 years. He started out in public safety uniforms business in January 1976 and in three short years had the piedmont market of North Carolina very well established. Soon his two brothers and a sister joined the firm giving the family an opportunity to open another location in Alexandria, Virginia in June 1981. In May 1982 the family purchased Howard Uniform Company of Baltimore Md. a company that had been around for 50 years and supplying uniforms to not only public safety agencies but military schools, Greyhound Bus lines, DisneyWorld and other prestigious national accounts.

Over the next 5 years the family consolidated its holdings in the uniform business and in 1987 launched into real estate business by purchasing 22.41 acres of land on Sycamore Dairy Road in Fayetteville. Over the next 10 years the Omni Plaza, Omni Center, Omni Condos, Galleria Condominiums, Pebble Creek (a single family subdivision) were built. In 1996 Leventhal Ltd. (a manufacturer of public safety shirts and trousers) was purchased and that opened up the distribution channel nationwide for the company. Besides being active in the uniform business, he is involved in the development of several real estate ventures in Fayetteville, NC, Houston Texas, Vancouver Canada and New Jersey.

Rajan is active in local civic groups and through his various enterprises supports many noteworthy organizations such as the National Association of Uniform Manufacturers and Dealers, Greater Houston Builders Association, and the Fayetteville Regional Airport Commission, The Arts Council, The Fayetteville Symphony and Rotary Club.


Dr. Brian Kent, PhD

Dr. Kent is the founder and CEO of K3 Enterprises, a Fayetteville, NC-based consulting organization with current core competencies for C4ISR, Biometrics and Training to include Interactive Multimedia Instruction.  For the past 15 years he has been a multi-faceted Program Manager responsible for a myriad of technologies from early stage development through integration into production.  

Prior to founding K3, Dr. Kent had over 20 years of leadership experience with the Department of Defense.  He  currently serves as a Subject Matter Expert for numerous clients in the Defense Industry.  These unclassified and classified projects range from state-of-the-art communications and sensor equipment, to ground, air, and maritime mobility vehicles, including manned, remote-controlled robotics and unmanned aerial vehicles.  Prior to his current position he worked as the Acquisition Manager for a $160 million a year Communications and Information Systems Department located in Fayetteville, NC.  Dr. Kent is intimately familiar with DoD 5000 Regulation for Joint and Special Operations requirements and acquisition processes. 

Dr. Kent hails from the Panhandle of Florida, but has spent a majority of his adult life in the North Carolina Region.  He left his childhood home to work in the US Army, where he has led organizations from the immediate/team level to Operations Officer level for organizations with up to 165 individuals.  Dr. Kent has conducted large operations across the continental United States for both conventional and special operations forces. He currently holds an active Top Secret Clearance. He holds a Masters in Management Technology and a PHD in Business (Dissertation: Technology Acceptance).


Murray O. Duggins, Jr.

Having worked for a major bank and a brokerage firm Murray brings over 15 years of investment/sales experience to the business. The native of Fayetteville is a licensed securities broker/Registered Investment Advisor that holds a series 7 and a series 66. He also holds the following Insurance Licenses: Life/Heath, Property/Casualty, and Medicare Supplement Long-Term Care. His duties include providing a comprehensive strategy on the Wealth Management portion of the business. Murray has B.S. from North Carolina State University in Business Management.


Anthony Chavonne

Anthony was elected Mayor of the City of Fayetteville, North Carolina in 2005 and served four terms ending in 2013. Chavonne helped guide Fayetteville through rapid growth during his tenure in office. Previously being populated by more than 150,000 citizens, Fayetteville expanded into a booming city of over 208,000, largely inhabited by military who serve their country at nearby Fort Bragg and Pope Army Airfield.

Anthony is a CPA and a REALTOR and retired as general manager of Fayetteville Publishing Company in 2004 after a 25-year career. He earned his Bachelor of Science degree in business from the University of North Carolina at Chapel Hill. 

Anthony is past chairman of the Fayetteville YMCA, Fayetteville Chamber of Commerce, the Fayetteville Area Economic Development Corporation, and the Cumberland County Business Council. He currently is a board member of the Downtown Alliance and the Capitol Encore Academy.  He is a recipient of the Department of the Army Commander’s Award for Public Service and was inducted as a National Honorary Member of the 82nd Airborne Division Association in 2010. 

He has been honored with other awards, including the state’s highest honor for community service - the Order of the Long Leaf Pine Award in 2013, Fayetteville State University Chancellor Medallion Award, Fayetteville Business & Professional League’s Outstanding Contribution Award, Fayetteville Chamber of Commerce Realtor’s Cup Award and the Sam Walton Business Leader Award.  

Anthony is currently the President of Chavonne Group, LLC and Single Source Real Estate Services, Inc. 


Chris Harrison 

Chris is the primary principal and majority shareholder of EbenConcepts, a Human Resource Consulting Firm, with 30+ offices in multiple states across the country. 

Chris has been actively involved in the National Association of Health Underwriters (NAHU) and was elected by his peers to serve on the Board of Trustees from 2007 – 2011.  NAHU is the professional association for insurance agents, brokers, and consultants.

Chris has been in the insurance business for approximately 20 years.  Chris was a principal in the Third Party Administration (TPA) business when he began in the industry.  Chris successfully sold the TPA in 2002, and formed EbenConcepts to become a consulting firm in the employee benefits arena.  Over time, Chris moved the company into becoming a Human Resource Consulting Firm with an emphasis on employee benefits as the basis for it.

Chris served 5+ years in the U.S. Army from 1985 to 1991, and upon being honorably discharged from the Army, Chris finished his college education with a degree in Accounting.

Chris is a native of North Carolina and currently lives in Fayetteville with his wife, Brandy Harrison and their family.


Jim Konneker 

Jim served as plant manager at the Goodyear Plant for nearly 15 years from 1987-1996 and again from 2001 until his retirement in October, 2005.  He also was plant manager for Goodyear in Tyler, TX and Danville, VA.  He has served the chairman of the Fayetteville/Cumberland County BRAC Project Committee as well as serving on the board of directors of the NC Citizens for Business and Industry, the Chamber of Commerce and the Fayetteville Area Economic Development, Doctor’s Direct Healthcare, the Steering Committee of the Greater Fayetteville Futures and the Board of Trustees of Averitt University.  He is currently chair of the Fayetteville Symphony Orchestra and Vice President of the Cumberland Community Foundation Director.   


Keith Allison 

Keith graduated with honors from Appalachian State University and moved to Fayetteville, North Carolina. He began his career as a CPA. He left accounting in 1981 to form SYSTEL with less than $10K. Today sales peak at 50 million annually with 258 employees in 9 offices throughout North Carolina and Georgia.

SYSTEL was recognized in 1988 by Inc. magazine as one of the 500 fastest growing companies in America, ranked 260 nationally, and 5th in North Carolina. In 2013, Inc. magazine honored SYSTEL for a second time, ranking the company on the exclusive list of the fastest growing private companies in America. 

In 2011, Keith was named one of the most 40 Most Influential People in the Imaging Industry by The Week in Imaging in a list that includes Xerox Chairman and CEO Ursula Burns, Sharp President Ed McLaughlin, and Konica Minolta's President and COO, Rick Taylor.

In addition to SYSTEL, Keith is President and CEO of First Security Mortgage Corporation, a leading mortgage banking firm of Cumberland County. Keith owns and has an active interest in fourteen other real estate companies or partnerships. 

Keith is commonly involved as a major contributor or supporter for many non-profit organizations in Cumberland County and throughout the State of North Carolina. He also contributes to his community serving on various boards and committees for organizations such as the Downtown Development Corp.; FAEDC-Shell Building Committee; Methodist College Development Committee; Fayetteville Area Economic Development Corporation and the Fayetteville State University Business Advisory Board.


Dr. Dickson Schaefer 

After graduating from North Carolina State University, Dr. Schaefer attended medical school at Wake Forest University School of Medicine. He then completed his Orthopaedic Surgery residency at Wake Forest University Baptist Medical Center.

In August 2001, Dr. Schaefer joined Fayetteville Orthopaedics & Sports Medicine. Practicing general orthopaedics, he has a special interest in reconstructive surgery of the hip and knee, as well as trauma surgery. 

Dr. Schaefer has served in the United States Army Reserve since his commissioning in 1996. Currently, he holds the rank of Colonel. He has twice been deployed to Germany in support of operations in the Middle East and has also served in a Combat Support Hospital in Iraq.

A native of Fayetteville, Dr. Schaefer is active in the community, having served on the Boards of Trustees of The Fayetteville Academy and Cape Fear Valley Medical System. He currently serves on the board of Methodist University and is a member of the advisory board of First Citizens Bank.


Ray Manning

Ray, a native of Fayetteville, spent over thirty years working in his family’s business, which was Southeastern Hospital Supply Corporation. In 1994, Southeastern was sold to Bergen Brunswig Corporation, which was, at the time, a Fortune 50 company. Ray assumed the role of Executive Vice-President. In 1996, Ray and his family moved to Atlanta where he opened up the East Regional office for Bergen and worked in that capacity until his retirement in 1998. Ray returned to Fayetteville in 2002.

His other activities included being Chairman of the Health Industry Distributor’s Association, which is a national trade group headquartered in Washington, D.C. He was also Vice- Chairman of the Fayetteville Chamber of Commerce, served on the United Carolina Bank Board of Advisors as President and was Chairman of the Fayetteville Academy Board of Trustees. Currently, he is Vice-Chairman of the Methodist University Board of Trustees, and a board member of the Cape Fear Botanical Garden, in addition to helping them raise money for the new facility there. Ray is past president of the Cumberland Community Foundation.


Sammy Short


Gardner Altman

Gardner received his law degree from UNC-Chapel Hill and his Master of Laws from Georgetown University. A Fayetteville native, Gardner has been practicing law for over 40 years primarily in real estate, estate and business planning, mergers and acquisitions, asset transactions as well as general business and corporate consultation.

Over the course of his career Gardner has served as a board member for many different organizations, including three terms on the Carolina Law Alumni Association board. He’s devoted countless hours to organizations such as the American Cancer Society, Campbell University and the Institute of Political Leadership, among others.  He co-founded the nonprofit road rally, Hogs and Rags, to raise money for the Shriners Hospitals for Children and the American Cancer Society. He serves pro bono as general counsel (and a founding board member) for the N.C. Church Loan Fund, a non-profit corporation that lends money to churches,

Gardner is curretly special legal consultant to several corporations and General Counsel to GreenAssets, Inc. a carbon credit offset development company with offices in Wilmington, Cary and Chapel Hill, NC.


Rolf Wallin


Michael Lerario 

Mike was commissioned as an Infantry Officer in the United States Army in 1983 and served 23 years on active duty, 11 of those years at Fort Bragg, NC in the 82nd Airborne Division and the Joint Special Operations Command. Upon his retirement from the Army in 2006, Mike went to work as a consultant and project manager for The Wexford Group International, providing specialized consulting services in defense related subjects to the Department of Defense and NATO. He founded Crispian Consulting Inc. in June 2014 and serves as President. He holds a Bachelor of Science in Engineering and a Master of Arts in Leadership Development, both degrees from the United States Military Academy at West Point, NY.