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Surviving the PE Credit Crisis

Where to Go, What to Do, Who to See

Attendance Is Limited--
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Chaired By

Christian L. Oberbeck, Managing Director, Saratoga Partners LP

 

Introductory Keynote By
Ronald A. Kahn, Managing Director, Lincoln International LLC

Featuring 19 Expert Speakers Including

Jason Anderson, Bank of Ireland

Michael J. Arougheti, Ares Management LLC

Nathaniel R. Cohen, LBC Credit Partners Inc.

Lorn C. Davis, Hancock Capital Management LLC

Max C. Justicz, Goldman Sachs & Co. Inc.

Todd M. Koetje, SunTrust Robinson Humphrey Inc.

David L. Kulakofsky, Madison Capital Funding LLC

Robert D. Long, Allied Capital Corp.

Paul Lusardi, Cerberus Capital Management LP

Benjamin Marzouk, CIT Corporate Finance

Charles G. Phillips, Saratoga Partners LP

Ken R. Pulido, NewStar Financial Inc.

Stephen N. Sachman, BlackRock Kelso Capital Corp.

Durant D. Schwimmer, Churchill Financial LLC

John Skrobe, Barclays Capital Inc.

Leonard M. Tannenbaum, Fifth Street Capital LLC

William G. Winterer, Parthenon Capital LLC

Scott E. Zoellner, AEA Investors LLC


Click Here to Register >>   Purchase Audio Package >>


 Visit Audio Library >>    Add to Outlook Calendar >>


FULL-DAY MASTERCLASS

Thursday, December 11, 2008
8:00 am – 4:30 pm

New York City


Designed to Meet the Needs of GPs, LPs, Managers of Buyout, Growth Equity, & Mezzanine Funds, as Well as Officers & Directors of Their Portfolio Companies, Independent Sponsors, & Investment Bankers, Lenders, Industry Executives, Lawyers, & Other Advisors Who Work with Them

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

It was arguably the biggest catch phrase of the past decade — “Show Me the Money!”  But today, no matter how often or how loudly you may say it, about all you’re being shown is the door.

No question, the sudden credit crisis has plunged the PE industry into uncharted territory.  The rules are being rewritten daily, and lending sources you’ve long counted on are either locked up tight or have disappeared altogether.  And whether or not you’re looking for new deals, you likely have portfolio companies in need of hard-to-come-by financing adjustments.

So what’s a proactive PE professional to do?

 

Attend a very timely MasterClass in New York from The Capital Roundtable, that’s what. On Thursday, December 11, 2008, you’ll get a first-hand look at the new realities of borrowing & leverage by attending Private Equity & the Credit Crisis -- Where To Go, What To Do, Who To See.  

 

And if you think that sounds like a program filled with tools and techniques instead of analysis and commentary, you happen to be on the money.

Making the Right Deals Means Making the Right Connections.

As well as bringing an open mind, make sure you bring your PDA or card case. Because you won’t just hear from people who are succeeding in the trenches, you’ll be able to meet with them live, share experiences, and get your specific questions answered. You’ll discover what’s working, what isn’t, and what others in your situation are doing to overcome obstacles and craft solutions that succeed.

 

While no one is enjoying today’s financial crunch, the fact is that moving forward with deals means dealing with unique circumstances.  Bringing you up-to-the-minute insights that you can immediately put to use is what The Capital Roundtable does best.  We’re America’s leading conference organization for the private equity community, and we’ve earned our reputation by championing relevant content in both good times and challenging times.

 

That’s why we have no canned handouts or off-the-shelf treatises.  The information we present is absolutely, positively fresh. And we’re assembling speakers and panelists who are rolling up their sleeves and finding ways to prosper in the weeks and months ahead.

19 Experts Tell It Like It Is

This full-day MasterClass is chaired by Chris Oberbeck, co-founder and managing director of New York based private equity firm Saratoga Partners. Chris is a well-known industry professional with over two decades of private equity experience, and is currently responsible for portfolio companies in the business services and manufacturing industries.

 

You’ll also hear from Ron Kahn, managing director and head of private placements at Chicago-based Lincoln International.   He is the widely-acknowledged thought leader in the junior finance industry, so you won’t want to miss Ron’s insightful analysis of this crossroads in the credit markets.

 

You’ll be in the equally-respected company of 17 active experts who will reveal their strategies for tackling the current market.  Four panel presentations will showcase senior lenders from premier institutions. Junior lenders including mezzanine funds and insurance companies.  Major BDCs and  hedge fund lenders.  And prominent private equity sponsors.

 

As you listen and learn at this MasterClass, you’ll be able to answer questions like these with newfound confidence --

  • Who is lending today, and on what terms?
  • How far will senior debt go under current structures?
  • How much equity do you need today? What do you do when you need more money up front?
  • What’s likely to happen if you want to adjust existing debt structures?
  • How can you successfully manage your portfolio companies without access to debt?
  • Should you prematurely sell portfolio companies in this market? Will you be able to find buyers?
  • Is this a good time to buy if you have the capital? Are prices attractive for the risks involved?
  • Are other lenders stepping up to fill this void in the market?
  • Can junior capital sources provide the missing leverage?
  • What do pricing and covenants look like in the new environment?
  • Are financing commitments a thing of the past?
  • How is the current lending environment being reflected in return expectations and purchase valuations?
  • And much, much more.

Make Plans Now to Attend This Unique MasterClass

We’re packing a ton of useful information into this MasterClass, yet you won’t feel rushed — there will be plenty of time between presentations to network with both panel members and fellow participants.  And you’re sure to find a broad mix of industry specialists in attendance. The program is designed to benefit --

  • GPs looking to find lending sources for new deals or existing deals.
  • LPs and Sponsors who want a first-hand look at the changing environment for their investments.
  • Hedge fund managers seeking to expand their scope.
  • Lenders wanting to make connections and participate in more deals.
  • Attorneys and Advisors who want to be more familiar with marketplace conditions.
  • Portfolio company executives who want to better understand funding issues and the challenges that lie ahead.
  • Executive search professionals recruiting for the private equity industry.

For more information, please feel free to contact Heather Sote at 212/832-7333 ext. 111 or hsote@capitalroundtable.com.

This program 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 CR’s 25 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com

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Faculty

Chaired By

  • Christian L. Oberbeck, Managing Director, Saratoga Partners LP

Hosted By

  • Burt Alimansky, Managing Partner, Alimansky & Bethell Group, and Chairman, The Capital Roundtable

Speakers

  • Jason Anderson, Director, Bank of Ireland
  • Michael J. Arougheti, Partner, Ares Management LLC
  • Nathaniel R. Cohen, Partner, LBC Credit Partners Inc.
  • Lorn C. Davis, Managing Director, Hancock Capital Management LLC
  • Max C. Justicz, Managing Director, Goldman Sachs & Co. Inc.
  • Ronald A. Kahn, Managing Director, Lincoln International LLC
  • Todd M. Koetje, Director, SunTrust Robinson Humphrey Inc.
  • David L. Kulakofsky, Vice President, Madison Capital Funding LLC
  • Robert D. Long, Managing Director, Allied Capital Corp.
  • Paul Lusardi, Senior Vice President, Cerberus Capital Management LP
  • Benjamin Marzouk, Managing Director, CIT Corporate Finance
  • Charles G. Phillips, Managing Director, Saratoga Partners LP
  • Ken R. Pulido, Director, NewStar Financial Inc.
  • Stephen N. Sachman, Managing Director, BlackRock Kelso Capital Corp.
  • Durant D. Schwimmer, Senior Managing Director, Churchill Financial LLC
  • John Skrobe, Managing Director, Barclays Capital Inc.
  • Leonard M. Tannenbaum, Managing Partner, Fifth Street Capital LLC
  • William G. Winterer, Managing Partner, Parthenon Capital LLC
  • Scott E. Zoellner, Managing Director, AEA Investors LLC

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Schedule

MasterClass
07:30 - 08:30
08:30 - 09:00
09:00 - 09:45


09:45 - 10:30


10:30 - 11:00

11:00 - 12:15



12:15 - 01:15

01:15 - 02:15



02:15 - 03:15



03:15 - 03:30

03:30 - 04:30



04:30


  

Thursday, December 11, 2008
Registration, Networking, & Continental Breakfast
Welcoming Remarks & Audience Introductions
Introductory Keynote -- Ronald A. Kahn, Managing Director, Lincoln International LLC -- “State of the Market--U.S. Mid-Market Leveraged Finance”
Chairman’s Keynote -- Christian L. Oberbeck, Managing Director, Saratoga Partners LP -- “In the Trenches Perspective”
Coffee & Networking Break

First Panel -- “After the Music Stopped -- Top Lenders Review the Turmoil in the Credit Market, & Explain How PE Managers Should Prepare for What’s Next."

Luncheon & Networking

Second Panel -- “Views From the Senior Tranche --Traditional Lenders & One-Stop Shops Clarify Their New Tough-Minded Approaches to Leverage & Covenant Levels, and to Commitments & Clubs.”
Third Panel -- “Views from the Junior Tranche -- Mezz & Subdebt Providers Report on Their New “Golden Age” Now That Senior Sources Are Less Available.”

Coffee & Networking Break

Fourth Panel -- “Views from the Equity Tranche -- PE Sponsors & Capital Providers Outline How They’re Getting Deals Done & Helping Their Portfolio Companies Survive.”

Adjournment & Networking

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Registration

  • Early Bird Registration Fee -- and save $400 off the regular fee! Register by Friday, November 07, and the fee for the MasterClass is $1295.
  • Premiere Registration Fee -- and save $200 off the regular fee! Register by Friday, November 21, and the fee for the MasterClass is $1495.
  • After that, the regular registration fee is $1695 for the MasterClass.
  • At the door, if space is available, the fee is $1795 for the MasterClass.
  • Special group rates -- The Capital Roundtable offers a special rate for 3 or more people from your firm.  For more info, please contact Samantha Feldman sfeldman@capitalroundtable.com or 212/832-7333 ext 112.

Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>

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, Dec. 4, at 5:00pm, and we will credit you for a future meeting.)


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.

Have a special question?  Please contact Heather Sote at 212/832-7333 ext. 111 or by email at hsote@capitalroundtable.com.

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Location

University Club

1 W 54th St.

New York, NY 10019

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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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Sponsorship

The Capital Roundtable offers excellent sponsorship opportunities to reach the middle-market private-equity community . For more details, please contact Arlene West at 212/832-0800 or by email at awest@capitalroundtable.com.

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