Mr. Moncrief is currently President and Chief Executive Officer and a board member of Southern Appalachian Management Company, LLC, the General Partner of the Southern Appalachian Fund, L.P., organized to make equity investments in small business enterprises as defined by the New Markets Venture Capital regulations of the U. S. Small Business Administration.  Mr. Moncrief is a Manager of the Southern Appalachian Fund.

Additionally, Mr. Moncrief is President and a board member of Eclipse Management, LLC, the General Partner of Meritus Ventures, L.P., organized to make equity investments in small business enterprises as defined by the Rural Business Investment Company regulations.  Mr. Moncrief is one of two fund managers for Meritus Ventures.

Ray has held various positions within Kentucky Highlands Investment Corporation since 1984 and many of its subsidiary companies.   Mr. Moncrief responsibilities have included analyzing new investments and portfolio management, providing financial and operational leadership in many turnaround and financial restructuring situations.  Mr. Moncrief has in-depth experience in startup, expansion, and divestiture of businesses.

Mr. Moncrief has traveled nationally and internationally speaking about the use of equity investment as an economic development strategy.  He has participated in several study groups analyzing capital needs in rural areas including an economic round table at the White House. Ray is often called upon to conduct training sessions at various conferences and meetings.