MasterClassTM

Capital Roundtable

Marquee Sponsor

Contributing Sponsors

 

Association Partners

Data Partners

Partial List of
Past Attendees

ACA Compliance Group LLC

Amalgamated Capital

American Capital Ltd.

Audax Group

Auriga Capital Management LLC

Auriga Holdings LLC

Bank of Ireland

Black Diamond Capital Management LLC

Bloomberg LP

Blue Sky MLS Inc.

BNP Paribas

BNP Paribas Private Capital Group

Brean Capital LLC

Capitala Investment Advisors LLC

CapitalSouth Partners Funds LLC

Capitol Acquisition Corp. II

Carlyle GMS Finance Inc.

CarVal Investors LLC

Caspian Private Equity LLC

Citigroup Inc.

Consumer Growth Partners LLC

Cortland Capital Market Services LLC

Credit Suisse

Credit Suisse Securities (USA) LLC

D. Aaron Asset Management LLC

Dechert LLP

EisnerAmper LLP

Equalitas Capital

Equus Total Return Inc.

Ernst & Young LLP

Fidus Investment Corp.

Full Circle Capital Corp.

Gapstow Capital Partners

Gerson Lehrman Group Inc.

Gladstone Companies

Gladstone Investment Corp.

Grant Thornton LLP

Harris & Harris Group Inc.

Harvest Capital Credit Corp.

Haynes & Boone LLP

ICON Investments

Keefe Bruyette & Woods Inc.

King & Spalding LLP

Kiski Alpha Partners LLC

KPMG LLP

KSL Capital Partners LLC

Lincoln International LLC

Lincoln International LLC

McGladrey

McLarty Capital Partners

Medley Capital LLC

Mercer Capital

Milestone Partners

Monroe Capital LLC

Morgan Lewis & Bockius LLP

Murray Devine & Co. Inc.

MVC Capital Inc.

National Fund Advisors LLC

Nelson Mullins Riley & Scarborough LLP

New Mountain Capital LLC

NewSpring Capital

Old Hill Partners Inc.

Partners Group AG

Pepper Hamilton LLP

Perella Weinberg Partners LP

Robert W. Baird & Co. Inc.

Rothstein Kass & Co. PC

Saratoga Investment Corp.

Small Business Investor Alliance

State Street Corp.

State Street Global Svcs Alt. Investment Solutions

Stellus Capital Management LLC

Structural Capital

Sutherland Asbill & Brennan LLP

Technology Media Advisors LLC

THL Credit Inc.

VRC | Valuation Research Corporation

Wafra Capital Partners Inc.

Wells Fargo Securities LLC

Wood Creek Capital Management LLC

Wunderlich Securities Inc.

 

































 

 

Challenging Outlook
For Business Development Companies

 

Best Practices for Launching
& Managing a BDC

 

 

                                           CHAIRED BY                                       

David A. R. Dullum, President & Executive Managing Director

Gladstone Investment Corporation

 

MARQUEE SPONSOR

Sutherland Asbill & Brennan LLP

 

CONTRIBUTING SPONSORS

Ernst & Young

VRC I Valuation Research

 

FULL-DAY CONFERENCE

Thursday, February 26, 2015

8:00 am – 5:00 pm

New York City

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Marilyn S. Adler, Medley Management Inc.

Robert S. Ashcom, SunTrust Robinson Humphrey Inc.

Steven B. Boehm, Sutherland Asbill & Brennan LLP

Jonathan Bock, Wells Fargo Securities LLC

Richard P. Buckanavage, Harvest Capital Credit Corp.

Brian Chase, Garrison Investment Group LP

John D. Czapla, VRC | Valuation Research Corporation

Dean A. D'Angelo, Stellus Capital Management LLC

Jaime L. Eichen, Ernst & Young LLP

Rian W. Emmett, Key Corporate Bank

Matt E. Forstenhausler, Ernst & Young LLP

Patrick W. Frisch, ING Capital LLC

Andrew P. Kerai Sr., The BDC Income Fund

Cynthia M. Krus, Sutherland Asbill & Brennan LLP

Christian Lown, Morgan Stanley & Co. LLC

Jana Marcowicz, Ares Management LLC

Michael C. Mauer, CM Finance Inc.

Christian L. Oberbeck, Saratoga Investment Corp.

Stephanie Pare' Sullivan,THL Credit Inc.

Bilal Rashid, OFS Capital Corp.

Randy Schwimmer, The Lead Left

Sengal M. G. Selassie, Brightwood Capital Advisors LLC

Lee D. Stern, Monroe Capital LLC

Stephanie P. Sullivan, THL Credit Inc.

Additional speakers to be announced

 

 

SPECIAL HALF-DAY PRE-CONFERENCE WORKSHOP

“BDC Basics -- What Every BDC Must Know Before Launching”

Wednesday, February 25, 2015

2:00 pm – 5:00 pm

 

Networking Cocktail Reception

Thursday, February 26, 2015

5:00 pm to 7:00 pm

 

Register Now

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

For today’s 40 or so publicly-traded BDCs, and their non-traded/non-listed counterparts, 2015 is going to be a year of challenges --

  • Competition from other BDCs and lending sources is making differentiation more and more difficult.
  • Deal valuations are pushing higher and higher.
  • And regulations are making life more complicated.

Yet smart private equity firms are continuing to line up to form BDCs.

  • They are a profitable way to benefit from debt strategies.  
  • They provide sponsors with long-term access to capital.
  • And retail investors are eager to invest in them.

 

At this encore conference, coming to you from The Capital Roundtable on Thursday, February 26, you’ll hear all-new content designed to help you form your first BDC, expand your current BDC, or launch another BDC.

 

Chairing the conference is David A. R. Dullum, president and executive managing director of Gladstone Investment Corporation, an affiliate of McLean, Virginia-based Gladstone Companies, and one of the early entrants in the BDC space.

 

Twenty highly-knowledgeable BDC experts will be sharing their perspectives, including BDC directors, managers, advisors, consultants, attorneys, and more.

 

Here Are Three Reasons Why You Should Join Us

 

  1. Discover the sweeping new changes in the BDC market -- and what new hurdles may stand in your way.
  2. Hear how the significance tests mandated under SEC Rules 3-09 and 4-08(g) of Regulation S-X are affecting BDCs.
  3. Understand the pros and cons of publicly-traded and private BDCs.

 

Register Now to Get Expert Advice from David Dullum

  

At Gladstone, David is on the board of both BDCs. He is president of Gladstone Investment and executive managing director of Gladstone Management, the external manager of both BDCs -- one focused on pure lending, and one focused on both debt and equity investments. He has been a director at Gladstone since 2001. 

 

Before that he was a partner at two major lower middle-market private equity firms, New England Capital Partners, and Frontenac Company.  He earned an MBA from Stanford Business School and a BME from Georgia Tech.

 

Register Now to Gain Insight on the Best Practices That Ensure Success

 

Our panelists will address such important questions as --

  • How do you raise equity and debt in the current marketplace?
  • What are current analyst views on publicly traded BDCs, and how does that affect management?
  • How can you simplify quarterly mark-to-market valuations for publicly‑traded BDCs?
  • Are there lasting effects to the removal of BDCs from the Russell 2000 index, and how can you lessen your vulnerability?
  • What is the status of the SBA’s initiative to have special licensing for BDCs that become SBICs?
  • What specific operating tips and techniques are being used by today’s most successful BDCs?
  • What are good cost-of-capital benchmarks for both debt-oriented and yield-focused BDCs?

Three More Reasons Why You Should Join Us

 

  1. Understand the implications of issuing new equity when a BDC trades below NAV.
  2. Find out how to build BDCs with strong investment portfolios that can withstand market volatility.
  3. Gain insight on the applications of the Volcker rule for raising money from financial institutions.

 

 

We encourage you also to Register Now to attend our pre-conference workshop on Wednesday afternoon, February 25 --

 

“BDC Basics -- What Every BDC Must Know Before Launching”

 

This optional workshop is ideal for attendees who are new to BDCs,

and goes into greater detail on specific issues affecting

both operating and in-queue BDCs.

 

 

Register Now to Make Valuable Contacts through Our Networking Opportunities

 

This Capital Roundtable conference is an ideal place to expand your network and open up pathways to future deals. The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable connections
  • Share both ideas and business cards
  • Meet potential investment partners & clients


Register Now to Join Colleagues & Receive Your Best Rate

 

Benefit from a generous savings of $400 off our regular price by making your reservations for this conference before January 2, 2015.

 

Click Below to Learn More

 

 

 Who Should Attend

 

Designed to meet the needs of GPs, LPs, and managers of buyout, growth equity, mezzanine, BDC, and lending funds, as well as independent sponsors, operating partners, portfolio company managers, and the bankers, lawyers, accountants, and other advisors who support them.  

 

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We look forward to having you join us on Thursday, February 26.

 

Conference Organizers

 

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. 

 

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 Speaking & Business Development Opportunities

 

We offer excellent speaking, marketing, and business development opportunities to reach the middle‑market private equity community. For more details, please contact Mara Kane or Claire Notton at 212-832-7300 or by email at mkane@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Joanna Russell jrussell@capitalroundtable.com or 212-832-7300 ext. 0.

 

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Who We Are

 

This Capital Roundtable conference, held in midtown New York City, is all-business, all-targeted, all designed to be a completely focused day of practical information and revealing insights about launching and managing a BDC.

 

You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two provocative keynote presentations
  • Two conversations among industry leaders who have successfully launched BDCs
  • War stories and lessons learned from seasoned BDC managers
  • Intelligence from specialized experts including consultants, advisors, and BDC executives

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Faculty

Chaired By

  • David A. R. Dullum, President & Executive Managing Director, Gladstone Investment Corporation

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Marilyn S. Adler, Managing Director & Head--Medley SBIC, Medley Management Inc.
  • Robert S. Ashcom, Managing Director, SunTrust Robinson Humphrey Inc.
  • Steven B. Boehm, Partner, Sutherland Asbill & Brennan LLP
  • Jonathan Bock, Director & Senior Equity Analyst , Wells Fargo Securities LLC
  • Richard P. Buckanavage, President & CEO, Harvest Capital Credit Corp.
  • Brian Chase, Chief Financial Officer, Garrison Investment Group LP
  • John D. Czapla, Managing Director, VRC | Valuation Research Corporation

  • Dean A. D'Angelo, Partner, Stellus Capital Management LLC
  • Jaime L. Eichen, Partner, Ernst & Young LLP
  • Rian W. Emmett, Managing Dir.--Specialty Finance Lending, Key Corporate Bank
  • Matt E. Forstenhausler, Partner, Ernst & Young LLP
  • Patrick W. Frisch, Managing Director, ING Capital LLC
  • Andrew P. Kerai Sr., Lead Portfolio Mgr., The BDC Income Fund
  • Cynthia M. Krus, Partner, Sutherland Asbill & Brennan LLP
  • Christian Lown, Managing Director, Morgan Stanley & Co. LLC
  • Jana Marcowicz, Managing Director, Ares Management LLC
  • Michael C. Mauer, Chairman & CEO, CM Finance Inc.
  • Christian L. Oberbeck, Chairman & CEO, Saratoga Investment Corp.
  • Stephanie Pare' Sullivan, Chief Legal Officer and General Counsel, THL Credit Inc.
  • Bilal Rashid, Chairman & CEO, OFS Capital Corp.
  • Randy Schwimmer, Publisher, The Lead Left
  • Sengal M. G. Selassie, Co-Founder, Brightwood Capital Advisors LLC
  • Lee D. Stern, Managing Director, Monroe Capital LLC
  • Stephanie P. Sullivan, Chief Legal Officer and General Counsel, THL Credit Inc.
  • Additional speakers to be announced

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Schedule

 


  

  

 

07:30-08:15 Networking & Registration & Breakfast
08:15-09:00 Welcoming Remarks & Audience Self-Introductions
09:00-09:30

Chairman's Keynote --

  • David Dullum, Gladstone Investment Corp.
09:30-10:30

Panel 1 -- Raising Capital & Launching Your BDC -- Four BDC Managers Discuss the Lessons They Learned Along the Way

10:30-11:15 Networking & Coffee
11:15-12:00 Morning Conversation -- What Types of Investment Structures and Tactics a BDC Can Use in the Current Environment
12:00-12:30

Morning Interview --

  • Randy Schwimmer, The Lead Left
  • Jonathan Bock, Wells Fargo
12:30-01:30 Networking & Luncheon
01:30-02:30 Panel 2 -- Unique Considerations of BDCs -- Navigating the Accounting & Regulatory Environment
02:30-02:45 Networking & Dessert
02:45-03:30 Afternoon Conversation -- Key Considerations -- What Lenders Are Looking for in a BDC 
03:30-4:30

Panel 3 -- BDC Operational Strategies -- Designing a BDC & Its Portfolio to Compete Successfully in Today’s Marketplace

04:30 Networking & Adjournment
 
  

 

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Registration

Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Joanna Russell today to confirm your attendance at 212-832-7300 ext. 0 or jrussell@capitalroundtable.com.

 

  • Best Rate -- Early Bird Registration -- Save $400 off the standard fee of $1395 when you register by Friday, January 2. Just $995.

 

  • Premiere Registration -- save $200 off the standard fee!
    Register by Friday, January 23, and the fee for the conference is $1195.

 

  • Conference Rate -- $1,395 increasing to $1,495 day of conference, space permitting.

 

  • Group Rate -- Take an additional $100 off when two or more people attend from the same company.

 

Register Now

 

You can pay by credit card (using the links above) or by check. Mail your check and business card to: The Capital Roundtable, 12 East 44 Street, Penthouse, New York, NY 10017.

Have a special question? Please contact Joanna Russell jrussell@capitalroundtable.com or 212-832-7300 ext 0.

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Location

The University Club
College Hall -- First Floor
One West 54 Street (at 5th Avenue)
New York City

(Jacket and tie required)

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Conference Partnerships

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext.101, or by email at cnotton@capitalroundtable.com.

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