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Clear the date January 31 on your calendar!
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Attention – Business Development Company
Sponsors, Advisors, & Applicants
Best Practices for Launching
& Managing a BDC
Why Business Development Companies
Are More Important to Middle-Market Lending Than Ever
Attendance Is Limited!
Robert Hamwee, Managing Director
20 Expert Speakers including --
Sam Anderson, Goldman Sachs Financial Institutions Group
Steven B. Boehm, Sutherland Asbill & Brennan LLP
Dean A. D'Angelo, Stellus Capital Management LLC
Elias T. Dokas, MidOcean Partners LLP
Howard M. Levkowitz, Tennenbaum Capital Partners LLC
John J. Mahon, Sutherland Asbill & Brennan LLP
David Malpass, Encima Global LLC
Glenn R. Pittson, Orchard First Source Capital Inc.
Thursday, January 31, 2013
8:00 am – 5:00 pm
New York City
followed by a
5:00 pm - 6:00 pm
JOINTLY HOSTED BY
Sutherland Asbill & Brennan LLP &
VRC | Valuation Research Corporation
SPECIAL HALF-DAY PRE-CONFERENCE WORSKHOP (Optional)
BDC Basics --
What Every New BDC Must Know Before Launching
Wednesday, January 30, 2013
2:00 pm – 5:00 pm
New York City
Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine & Lending Funds as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants & Other Advisors Who Support Them
If you’re among the many dozens of PE firms, mezz funds, SBICs, and other alternative asset managers looking at the Business Development Company model – or if you’re part of an accounting or valuation firm that works with BDCs – you’ve likely realized they’re extremely complex to form.
Do it right and you can grow your assets with favorable tax treatment, do it wrong and you’ve got big problems. There’s simply no room for error.
BDCs are popular among asset managers who want to access a different class of capital than traditional PE and mezzanine and debt funds pursue. They seek out retail investors. Most BDCs are publicly traded, maximizing their ability to raise capital and deliver attractive returns.
Yet non-traded BDCs, which are exempt from corporate taxation, have been gaining ground.
What’s more, 2013 is expected to be a banner year for forming BDCs with good reason. With increased regulatory scrutiny, the traditional banking system is retreating from middle-market lending — leaving a hole in capital provision that BDCs can fill.
And BDC capital is considered more stable than traditional fund capital, because they are evergreen, i.e., you don’t have to raise a new fund every five-to-ten years.
You’ll discover why the markets are so supportive of BDCs when you attend The Capital Roundtable’s ENCORE conference — “Best Practices for Launching & Managing a BDC,” being held in New York City on Thursday, January 31.
The Capital Roundtable gratefully acknowledges our sponsors --
ACA Compliance, Sutherland and VRC are nationally recognized authorities on BDCs, representing many of the nation’s largest BDCs. It’s due in great part to their collaboration that we can promise that this conference is going to be so worthwhile for you.
Here are just 6 important reasons you should attend this conference--
Serving as chair of our encore BDCs conference on Thursday, January 31, in New York, is Robert Hamwee, managing director of New Mountain Capital LLC in New York City, a manager of private equity, public equity, and credit capital with aggregate assets of over $9.0 billion.
Rob manages New Mountain Finance Corporation, a publicly-traded BDC, and serves as its CEO and president. Before joining New Mountain in 2008, he was president of GSC Group and before that he was with The Blackstone Group, where he worked in the restructuring and merchant banking departments.
He has chaired numerous creditor committees and bank steering groups, and has been a lead director for many corporate boards, including Purina Mills, Envirosource, and Viasystems.
Rob holds a BBA in finance and accounting from the University of Michigan, and is a member of Phi Beta Kappa.
20 BDC Experts Share Their Winning Strategies
Our Roundtable features 4 panel discussions led by our chair and with the collective insight of 20 knowledgeable business development company specialists.
When you attend our Roundtable on Thursday, January 31, you will listen and learn from their real-world perspectives, lessons learned and industry outlooks, plus insights on mastering this growing capital source.
We’ll discuss why BDCs have an extremely favorable reputation on Capitol Hill. House Bill 5929, now in committee, is bipartisan legislation that would bring a number of reforms to BDC regulations and improve the ability of BDCs to raise capital.
The role of BDCs in providing capital for small businesses is well recognized, and the dynamics looking ahead are favorable.
And we’ll explain why a vital step for firms pursuing a BDC is to position themselves in the marketplace. Because you will have a different investor constituency, you must immediately communicate what makes you different from other firms and what proprietary approach will help set you apart.
What’s more, we’re presenting an all-NEW concurrent Workshop the day before, on the afternoon of Wednesday, January 30. This workshop will cover legal and regulatory issues affecting both operating and in-queue BDCs, in much greater detail than Thursday’s Roundtable can provide.
And, providing expert counsel from a legal perspective, all of the speakers at the workshop are from sponsoring firm Sutherland Ansbill & Brennan LLP.
By attending this Capital Roundtable conference, you’ll be well prepared to face 2013 with a compelling new capital generation strategy in your playbook. We’ll provide timely answers to such questions as:
Outstanding Networking Opportunities You Will Not Find Anywhere Else
We’ve built ample time into the day’s agenda so you can --
It’s as easy as ABC to save money on this encore BDC Conference when you take advantage of early registration. You’ll receive a generous discount of $400 off our regular price when you sign up before December 6, 2012.
And keep in mind that our 2012 conference was immensely popular, so you’ll want to register as soon as possible to assure yourself a seat.
To avoid disappointment, please contact Mara Kane today to confirm your attendance at 212-832-7300 ext. 0 or firstname.lastname@example.org.
We look forward to having you join us on January 31st.
This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community. For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.
You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.
If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by Thursday, January 24 at 5:00pm, and we will credit you for a future conference.)
Have a special question? Please contact Mara Kane at 212-832-7300 ext.0 or by email at email@example.com.
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The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Marti Wheat at 212-832-7300 or by email at firstname.lastname@example.org.
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