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.

 

































 

 

How Successful SBICs

Attract Well-Informed LPs

 

Best Practices for Launching

& Managing an SBIC

                     

CHAIRED BY

Corey L. Sclar, Managing Partner
Brookside Mezzanine Partners

 

MARQUEE SPONSOR
Pepper Hamilton LLP

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

 

CONTRIBUTING SPONSORS

CohnReznick LLP
Christopher G. Aroh, Partner

 

PEF Services LLC
David B. Gerogosian, Executive Vice President

 

FULL-DAY CONFERENCE

Thursday, May 14, 2015

8:00 am – 5:00 pm

New York City

 

Register Now

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Marilyn S. Adler, Medley Management Inc.

Christopher G. Aroh, CohnReznick LLP

Michael R. Bailey, Partner, Argosy Private Equity

Walter H. Barandiaran, Managing Partner, The Argentum Group

Randall Fontes, Capitala Investment Advisors LLC

Seth I. Friedman, RLJ Credit Management LLC

David B. Gerogosian, PEF Services LLC

Brett A. Hickey, Star Mountain Capital LLC

Carl A. Jenkins, BMO Harris Bank NA

Kevin R. McCarthy, Kian Capital Partners LLC

Barry A. Osherow, Enhanced Small Business Investment Company LP

Brett T. Palmer, Small Business Investor Alliance

Marc A. Reich, Ironwood Capital Ltd.

Christopher A. Rossi, Pepper Hamilton LLP

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

Javier Saade, U. S. Small Business Administration

Jonathan S. Schwartz, NewSpring Capital

Andrew D. Shackelford, LaSalle Capital Group 

Michael B. Staebler, Pepper Hamilton LLP

William A. Stapel, Senior Vice President, MB Business Capital

Michael A. Temple, Pepper Hamilton LLP

 

SPECIAL HALF-DAY PRE-CONFERENCE WORSKHOP

Wednesday, May 13, 2015

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

2:00 pm – 5:00 pm

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

In the world of SBICs, decision makers at the SBA can approve only those applicants who demonstrate that they can successfully execute their business plans.

 

One of the best ways you can win the SBA’s confidence is by showing them that you’ve already successfully attracted a number of limited partners (not to mention, a team of experienced managers).

 

For example, unless you’ve already raised the required minimum amount of capital, your new application will sit at the bottom of the SBA’s pile.

 

Happily, in the last few years, more and more banks and institutional investors are finding investing in SBICs to be attractive. While some investors have historically been shy about leveraged funds, the SBA has been heavily promoting the program, and new potential LPs are being targeted.

 

Yet it takes a lot of work to fundraise -- raising adequate capital early in the application process is now mandatory.

 

Whether you’re a new or repeat applicant, you can put yourself on the SBA’s fast track by registering today for The Capital Roundtable’s ENCORE conference -- “Best Practices for Launching and Managing an SBIC” -- on Thursday, May 14th, in New York City.

 

Here Are Three Reasons Why You Should Join Us

 

  1. Find out who your best prospects are for raising SBIC funds and building meaningful connections.
  2. Understand how to leverage your expertise in clean energy, education, or advanced manufacturing into an Impact SBIC, thanks to new program updates.
  3. Learn how to resolve the most common issues that arise between SBICs and the SBA.

 

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

 

Register Now to Hear Noted SBIC Industry Leaders

 

Timely advice for professionals who already manage an SBIC -- or are seeking to launch one -- is what this conference is all about.

 

Chairing the conference will be Corey Sclar, managing partner of Brookside Mezzanine Partners. Founded in 2001, Brookside currently manages three successful SBICs and has raised over $190 million of private capital.  Prior to joining Brookside in 2001, Corey was a vice president at LaSalle Business Credit, where he underwrote, structured and managed leveraged transactions for middle-market companies.

 

The conference also brings you the expert advice of --

  • Mike Staebler, partner with Pepper Hamilton LLP, the country’s largest and most active small business investment company practice. Mike has assisted in the formation and licensing of approximately 210 SBICs.
  • Chris Aroh, partner at CohnReznick, the country’s 10th largest accounting, tax, and advisory firm.
  • David Gerogosian, executive vice president at PEF Services, the middle-market’s leading fund administrator.

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

 

Right now, a licensed SBIC can generally receive leverage of as much as two times its private capital (on rare occasions, even as much as three times), generally up to a maximum of $150 million per fund. And Congress is considering increasing the program’s family of funds limit to $350 million from $225 million.

 

No wonder there are now nearly 300 licensed SBICs, with approximately $12 billion of private capital and nearly $8 billion of outstanding SBA leverage. In the last fiscal year, the SBA licensed a total of 32 SBICs with approximately $1.3 billion of private capital.

 

When it comes to forming an SBIC, you don’t want to learn the necessary steps the hard way. For example, with the SBA’s current timeline, failing to adhere to guidelines could cost you months of valuable time.

 

That’s why advice from experienced SBIC practitioners is so very worthwhile, both to brand-new applicants and those seeking subsequent SBIC licenses.

 

Twenty other highly knowledgeable SBIC experts will be on hand to share information and tips that can help you move through the licensing process smoothly, operate an SBIC efficiently and maximize the benefits of the SBIC program. Our panelists include GPs, SBA administrators, lenders, attorneys, consultants, and more, answering all your important questions such as --

  • How much time does it really take to apply for the SBIC program, and how can you speed up the decision?
  • How can you avoid the key mistakes firms make when pursuing an SBIC license?
  • Which specific investment strategies differentiate today’s top SBICs from the average?
  • How can you take advantage of the new “fast track” licensing process for a second SBIC fund?
  • Why are many publicly traded Business Development Companies considering the formation of SBIC “subsidiaries”?
  • When should you take an existing SBIC public as a BDC? What additional leverage can you gain?
  • Why has the SBA gotten tougher on BDCs wanting to create SBIC subsidiaries? How can your BDC pass muster?
  • What are the challenges of having to make repayments on the SBA’s own rigid schedule?
  • What can an SBIC do to strengthen its relationship with the SBA?
  • How can you effectively and efficiently comply with the complex SBIC regulations?

Three More Reasons Why You Should Join Us

 

  1. Realize how to tailor fund proposals to demonstrate your strength to the SBA.
  2. Discover what factors may negatively affect your application.   
  3. Recognize how and why the “capital impairment” regulatory metric affects the leverage an SBIC can issue.

 

We also encourage you to register to attend our afternoon pre-conference workshop on Wednesday, May 13th -- “How to Launch Your First SBIC -- Basics & Nuances.”

 

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 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 Receive Our Early Bird Rate

 

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 Joanna Russell today to confirm your attendance at 212-832-7300 ext. 0 or jrussell@capitalroundtable.com.

 


 

 

 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, May 14.

 

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 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 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

  • Corey L. Sclar, Managing Partner, Brookside Mezzanine Partners

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Marilyn S. Adler, Managing Director & Head--Medley SBIC, Medley Management Inc.

  • Christopher G. Aroh, Partner, CohnReznick LLP
  • Michael R. Bailey, Partner, Argosy Private Equity
  • Walter H. Barandiaran, Managing Partner, The Argentum Group
  • Randall Fontes, Director, Capitala Investment Advisors LLC
  • Seth I. Friedman, Managing Director, RLJ Credit Management LLC
  • David B. Gerogosian, Executive Vice President, PEF Services LLC
  • Brett A. Hickey, Chief Executive Officer, Star Mountain Capital LLC
  • Carl A. Jenkins, Managing Dir. & Head--Community Investments, BMO Harris Bank NA
  • Kevin R. McCarthy, Partner, Kian Capital Partners LLC
  • Barry A. Osherow, Managing Partner, Enhanced Small Business Investment Company LP

  • Brett T. Palmer, President, Small Business Investor Alliance
  • Marc A. Reich, President, Ironwood Capital Ltd.
  • Christopher A. Rossi, Partner, Pepper Hamilton LLP

  • Peter E. Rothschild, Managing Director, OFS Capital Management LLC
  • Javier Saade, Associate Administrator, U. S. Small Business Administration
  • Jonathan S. Schwartz, Partner & CFO, NewSpring Capital

  • Andrew D. Shackelford, Partner & CFO, LaSalle Capital
  • Michael B. Staebler, Partner, Pepper Hamilton LLP
  • William A. Stapel, Senior Vice President, MB Business Capital
  • Michael A. Temple, Senior Attorney, Pepper Hamilton LLP

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Schedule

 


  

  


07:30-08:45

Networking & Registration & Breakfast

08:15-09:00

Welcoming Remarks & Audience Self-Introductions

09:00-09:30

Introductory Keynote -- The SBIC Program -- Where We Have Been & Where We Are Going

  • Michael B. Staebler, Pepper Hamilton LLP

09:30-10:00

Chairman's Keynote

  • Corey Sclar, Brookside Mezzanine Partners


10:00-10:45

Networking & Coffee

10:45-11:45

Panel 1 -- Seeking Capital -- Four LPs Share What They’re Looking for in an SBIC Fund

11:45-12:30

Morning Conversation -- Update from SBA & SBIA

12:30-01:30

Networking & Luncheon

01:30-02:30

Panel 2 -- Tips for Productivity -- Working Effectively with the SBA & Expertly Operating Your SBIC 

02:30-02:45

Networking & Dessert

02:45-03:30

Afternoon Case Study -- First Time SBICs -- Two GPs Exchange Their Experiences with Starting  an SBIC & the Approaches They Used

03:30-04:30 Panel 3 -- Building Blocks --Types of Investments, Structures, & Tactics SBICs Should Consider in the Current Environment

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, March 20. Just $995.

 

  • Premiere Registration -- save $200 off the standard fee!
    Register by Friday, April 10, 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, 747 Third Avenue, Suite 200, 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

Dwight Room

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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Sponsorships

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claie Notton at 212-832-7300 ext.117, or by email at cnotton@capitalroundtable.com.

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