  Results for the excited meson and baryon spectrum with two flavors of
Chirally Improved sea quarks are presented. We simulate several ensembles with
pion masses ranging from 250 to 600 MeV and extrapolate to the physical pion
mass. Strange quarks are treated within the partially quenched approximation.
Using the variational method, we investigate the content of the states. Among
others, we discuss the flavor singlet/octet content of Lambda states. In
general, our results compare well with experiment, in particular we get very
good agreement with the Lambda(1405) and confirm its flavor singlet nature.
