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.

 

































 

 

Sifting the Rumblings & Speculations

About Changes in the SBIC Program

 

Best Practices for Managing

& Building an SBIC

                     

CHAIRED BY

Peter E. Rothschild
Managing Director

OFS Capital Management LLC

 

MARQUEE SPONSOR
Pepper Hamilton LLP

Michael B. Staebler, Partner 
& Head of the SBIC Law Practice

 

CONTRIBUTING SPONSORS

CohnReznick LLP
Jonathan R. Collett, Partner

 

PEF Services LLC
David B. Gerogosian, Executive Vice President

 

FULL-DAY CONFERENCE

Thursday, December 3, 2015

8:00 am – 5:00 pm
New York City

 

REGISTER NOW

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Marilyn S. Adler, Medley Management Inc.

Michael S. Becker, Plexus Capital LLC

Jonathan R. Collett, CohnReznick LLP

Jeffrey A. Dombcik, Triangle Capital Corp.

Carolyn C. Galiette, Ironwood Capital

David B. Gerogosian, PEF Services LLC

Brett A. Hickey, Star Mountain Capital LLC

Kenneth E. Jones, Boathouse Capital LP

Justin M. Kaplan, Balance Point Capital Partners LP

Jonathan H. Kivell, Commerce Street Capital LLC

Carl Kopfinger, TD Bank NA

Thomas C. Lauer, Fidus Investment Corp.

Michael C. Mauer, CM Finance Inc.

Kevin R. McCarthy, Kian Capital Partners LLC

Charles P. McCusker, Patriot Capital LP

Brian J. Newman, CohnReznick LLP

Brett T. Palmer, Small Business Investor Alliance

Andrew Panzo, NewSpring Capital

Chad E. Peterson, Victory Park Capital

Christopher A. Rossi, Pepper Hamilton LLP

Corey L. Sclar, Brookside Mezzanine Partners

Arthur A. Spivey, U. S. Small Business Administration

Michael B. Staebler, Pepper Hamilton LLP

Robert M. Stewart, Spring Capital Partners LP

 

SPECIAL HALF-DAY PRE-CONFERENCE WORSKHOP

Wednesday, December 2, 2015

“How to Launch Your Next SBIC -- Basics & Nuances”

Led by Michael B. Staebler

2:00 pm – 5:00 pm


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

Whether you’re wading the intricacies of managing your current SBIC fund, or you’re on your way to forming your next one, chances are you've heard the rumblings -- big changes are coming  … or SBA policy is shifting … or BDCs are going to face more scrutiny.

 

Of course, it's perfectly conceivable that for 2016, the SBA’s managers will keep everything about the SBIC program just the way it is.

 

All the same, with so much speculation on the street, if you're involved with SBICs in any way, it's well worth your while to hear what the experts have to say.

 

On December 3rd, The Capital Roundtable is presenting a unique conference that will bring these issues into clear perspective.

 

Changes or no changes, SBICs will remain an ideal tool for expanding your assets under management. More firms are looking to form SBICs and put their hands on Uncle Sam's generous leverage -- including BDCs, family offices, independent sponsors, and other private equity investors.

 

At the time of this writing, the SBA is still reviewing public comments about its new Proposed Model for Limited Partnership Agreements -- the cornerstone of every arrangement between SBICs and their LPs.

 

Some of the important issues raised by the new model include --

 

  • Whether a fund's ability to recycle capital will be restricted, allowing for no more than just 10%.
  • Whether BDCs will be required to apply for brand-new licenses after the initial leverage amount is used, rather than extending the investment period forward.
  • Whether limits will be placed on an SBIC’s ability to charge the expenses of outsourced administrators back to the fund.
  • Whether dropdown SBIC funds from BDCs should be singled out for additional restrictions.

 

The level of earnings your SBIC achieves in 2016 may be directly impacted by things you can control as well as Washington’s decisions.  Our attendees will all be in an excellent position to react swiftly, if needed, and maximize their success.

 

Register now for The Capital Roundtable’s ENCORE conference on “Best Practices in Managing & Building an SBIC.” Hear how others are making best use of the SBIC program.  Book your space for Thursday, December 3rd, in New York City. 

 

Here Are Several Reasons Why You Should Join Us

 

  1. Find out how LP agreements have changed in 2015, and what they may look like in 2016.
  2. Understand the similarities between managing SBICs and managing traditional investment funds, which can ease the path for first-time applicants.
  3. Hear how SBIC funds are being affected as today's LPs increasingly look for specialized investments.

 

Click here to receive your best rate -- a savings of $400 on our regular conference rates.

 

Register Now to Hear the Definitive Word from SBIC Industry Leaders

 

This conference gathers all the professionals you've wanted to meet in one room. Our presenters have all been selected for their expertise, and you can be certain that if you don't raise a topic yourself, your fellow attendees certainly will.

 

Chairing the conference will be Peter Rothschild, managing director of OFS Capital Management and a member of the firm’s investment committee. He’s responsible for middle-market lending through OFS Capital Corporation.

 

Prior to joining OFS in 2013, Peter was a managing director at Tamarix Capital Partners, an investment firm providing financing solutions to lower-middle-market companies. He has also held positions at Sandell Asset Management, Levine Leichtman Capital Partners, Graham Partners, Salomon Brothers, and interactive agency imc2.

 

Peter earned an MBA from the University of Chicago, and a BA in political science from the University of Pennsylvania.

 

The conference also brings you the expert wisdom of --

  • Mike Staebler, partner at Pepper Hamilton, home to the country’s largest and most active small business investment company legal practice. Mike has assisted in the formation and licensing of approximately 210 SBICs.
  • David Gerogosian, executive vice president at PEF Services, the middle-market’s leading fund administrator, and a veteran of the Small Business Administration
  • Jonathan Collett, partner at CohnReznick, a national accounting, tax, and advisory firm.

Register Now to Put Today’s Best Practices to Work for Your SBIC

 

To ensure that all your important questions will be answered, our speakers and panelists include GPs, SBA administrators, lenders, attorneys, consultants, and more.  You can look forward to candid responses to such concerns as --

  • What potential changes to the SBIC program may be welcome?
  • Which changes to the SBIC program may be worrisome?
  • Will regulatory changes make it easier or more difficult for newcomers to the field to establish SBICs?
  • Is it becoming easier or tougher for BDCs to create SBIC subsidiaries? How is this activity affecting the marketplace?
  • What special considerations should BDCs have when establishing a dropdown SBIC fund?
  • What should existing fund managers know before attempting to form an SBIC side fund?
  • What are the highlights that can help a firm's track record pass muster with the SBA?
  • What is the latest information coming from the SBA and the SBIA, and do current rumors suggest actual changes in policy?
  • How can you speed up the decision process when applying for your first — or even second — SBIC license?
  • Which specific investment strategies differentiate today’s top SBICs from the average?

Three More Reasons Why You Should Join Us

 

  1. Learn which issues you should be monitoring in order to not be caught unaware.
  2. Discover how SBIC rules affecting banks may be changing to better accommodate their investors.
  3. Understand how today's emphasis by LPs on specialization is affecting the SBIC fund world.

 

 

We also encourage you to register to attend our afternoon pre-conference workshop on Wednesday, December 2.

 

This optional workshop is ideal for attendees who are new to small business investment companies, and will go into greater detail on the specific procedures for getting started.


Register Now to Form Valuable Contacts
With Colleagues & Professionals

 

This Capital Roundtable conference is the 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 new connections
  • Share both ideas and business cards
  • Meet potential investment partners and clients

Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Ashley Byrne today to confirm your attendance at 212-832-7300 ext. 0 or abyrne@capitalroundtable.com.

 


 

 Who Should Attend

 

Designed to Meet the Needs of GPs, LPs, & 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,
& Other Advisors Who Support Them.

 

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We look forward to having you join us on Thursday, December 3.

 

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.  For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.

 

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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 Maria Magro or Claire Notton at 212-832-7300 or by email at mmagro@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Ashley Byrne at abyrne@capitalroundtable.com or 212-832-7300 ext. 0.

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Who We Are

 

This Capital Roundtable conference 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 SBICs. You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two revealing keynote presentations
  • Real-world perspectives  from SBIC company investors
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands
  • Intelligence on managing portfolio companies from well-known GPS

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Faculty

Chaired By

  • Peter E. Rothschild, Managing Director, OFS Capital Management LLC

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Marilyn S. Adler, Managing Director & Head--Medley SBIC, Medley Management Inc.
  • Michael S. Becker, Partner, Plexus Capital LLC
  • Jonathan R. Collett, Partner, CohnReznick LLP
  • Jeffrey A. Dombcik, Managing Director, Triangle Capital Corp.
  • Carolyn C. Galiette, President & CIO, Ironwood Capital
  • David B. Gerogosian, Executive Vice President, PEF Services LLC
  • Brett A. Hickey, Chief Executive Officer, Star Mountain Capital LLC
  • Kenneth E. Jones, General Partner, Boathouse Capital LP
  • Justin M. Kaplan, Partner, Balance Point Capital Partners LP
  • Jonathan H. Kivell, Managing Director, Commerce Street Capital LLC
  • Carl Kopfinger, Senior Vice President, TD Bank NA
  • Thomas C. Lauer, Partner, Fidus Investment Corp.
  • Michael C. Mauer, Chairman & CEO, CM Finance Inc.
  • Kevin R. McCarthy, Co-Founder & Partner, Kian Capital Partners LLC
  • Charles P. McCusker, Managing Partner, Patriot Capital LP
  • Brian J. Newman, Partner--Tax, CohnReznick LLP
  • Brett T. Palmer, President, Small Business Investor Alliance
  • Andrew Panzo, General Partner, NewSpring Capital
  • Chad E. Peterson, Principal, Victory Park Capital

  • Christopher A. Rossi, Partner, Pepper Hamilton LLP
  • Corey L. Sclar, Managing Partner, Brookside Mezzanine Partners
  • Arthur A. Spivey, Chief--Licensing, U. S. Small Business Administration
  • Michael B. Staebler, Partner, Pepper Hamilton LLP
  • Robert M. Stewart, General Partner, Spring Capital Partners LP

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Schedule

 



  
07:30 - 08:15 Networking & Registration & Breakfast
08:15 - 09:00 Welcoming Remarks & Audience Self-Introductions
09:00 - 09:15 Conference Chairman's introduction 
Peter Rothschild, OFS Capital Management LLC
09:15 - 09:30 Morning Keynote -- Is the SBIC Program Right for You? Mike Staebler, Pepper Hamilton LLP
09:30 - 10:15 Morning Interview -- Two Wise Men Share Their Perspectives -- What to Expect from the SBIC Program
10:15 - 11:00 Panel 1 -- Creative Investment Strategies Used by Successful SBIC Funds
11:00 - 11:45 Networking & Coffee
11:45 -  12:30 Panel 2 -- Fund Raising for Newcomers & Veteran Managers
12:30 - 01:00 Conversation -- Unique Compliance Issues for SBICs -- Two Experts Review Traps & Pitfalls
01:00 - 02:00 Networking & Luncheon
02:00 - 02:45 Afternoon Interview -- The View from Washington & the Beltway -- Perspectives from the SBA and the SBIA
02:45 - 03:00 Networking & Dessert
03:00 - 03:45 Afternoon Conversation -- Efficient Tax Strategies for Your SBIC
03:45 - 04:30 Panel 3 -- Launching an SBIC Fund -- What We Wish We'd Known When We Started
4:30 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 Ashley Byrne today to confirm your attendance at 212-832-7300 ext. 0 or abyrne@capitalroundtable.com.

 

  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, October 16. Just $1095.

 

  • Premiere Registration -- save $200 off the standard fee!
    Register by Friday, October 30, and the fee for the conference is $1295.

 

  • Conference Rate -- $1,495 increasing to $1,595 day of conference, space permitting.

 

  • Group Rate -- $995 each, when you register two or more people to 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, 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Ashley Byrne at abyrne@capitalroundtable.com or 212-832-7300 ext 0.

 

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

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Location

  • Midtown, NYC

    Details provided upon registration

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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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Sponsorships

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.117, or by email at cnotton@capitalroundtable.com.

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