MasterClassTM

Capital Roundtable

Sponsor

Association Partners

Research Partners

mergermarket

Media Partners

The Deal

 

Partial List of
Past Attendees

ACA Compliance Group

Alara Capital LLC

Apollo Investment Corp.

Ares Management LLC

Bank of America Merrill Lynch

Banyan Mezzanine Fund LP

Behringer Harvard Holdings LLC

Brightwood Capital Advisors LLC

CapitalSpring LLC

CBIZ Valuation Group LLC

CION Investment Management LLC

Citigroup Global Markets Inc.

Credit Suisse

Crescendo Ventures

Crowe Horwath LLP

Cutting Edge Capital

Cyrus Capital Partners LP

Deutsche Bank AG

Duff & Phelps LLC

EarlyBirdCapital Inc.

Easy Money Group

Empeiria Capital Partners LLC

Fidus Investment Advisors LLC

Fifth Street Finance Corp.

Goldman Sachs Financial Institutions Group

Golub Capital

Grant Thornton LLP

Harbinger Capital Partners

Hercules Technology Growth Capital Inc.

Hines Securities Inc.

ICON Investments

Independent Commercial Services Inc.

ING Capital LLC

KeyBanc Capital Markets

KLH Capital LP

Lincoln International LLC

Lion Cao Asset Management LLC

Main Street Capital Corp.

Manatt Phelps & Phillips LLP

McGladrey

Morvillo Abramowitz Grand Iason Anello & Bohrer PC

Murray Devine & Co. Inc.

New Mountain Capital LLC

Newstone Capital Partners LLC

NGP Capital Resources Co.

Opus Point Partners

Orchard First Source Capital Inc.

Otterbourg Steindler Houston & Rosen PC

Paragon Capital Advisors LLC

Pepper Hamilton LLP

PricewaterhouseCoopers LLP

Proskauer Rose LLP

Reason Capital Group LLC

Rothstein Kass & Co. PC

RSF Social Finance

Signet Healthcare Partners LLC

Silicon Alley Venture Partners LLC

Solar Capital Ltd.

Stifel Nicolaus & Co. Inc.

SunTrust Robinson Humphrey Inc.

Sutherland Asbill & Brennan LLP

TCW Group Inc.

Tenth Street Capital

THL Credit Advisors LLC

THL Credit Inc.

U. S. Bancorp Fund Services LLC

Valuation Research Corp.

Wafra Capital Partners Inc.

Wealth Partners Capital LLC

Wells Fargo Securities LLC

WhiteHorse Finance Inc.

Wyrick Robbins Yates & Ponton LLP

Z Capital Partners LLC

Zemurray Street Capital Corp.

 

Clear the date January 31 on your calendar!

CLICK HERE now to register before it's too late!
 

AttentionBusiness 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

ENCORE ROUNDTABLE

  Attendance Is Limited!

 Register Now

                         

CHAIRED BY

Robert Hamwee, Managing Director
New Mountain Capital LLC

 

20 Expert Speakers including --

Sam Anderson, Goldman Sachs Financial Institutions Group

Steven B. Boehm, Sutherland Asbill & Brennan LLP
Paula A. Bosco, New Mountain Capital LLC
Robert E. Cramer, RBC Capital Markets Corp.
John D. Czapla, VRC l Valuation Research

Dean A. D'Angelo, Stellus Capital Management LLC

Elias T. Dokas, MidOcean Partners LLP
Salvatore Faia, Vigilant Compliance LLC
Allen G. Laufenberg, Stifel Nicolaus Weisel

Howard M. Levkowitz, Tennenbaum Capital Partners LLC

John J. Mahon, Sutherland Asbill & Brennan LLP

David Malpass, Encima Global LLC
Terrence W. Olson, THL Credit Inc.

Glenn R. Pittson, Orchard First Source Capital Inc.
Edward H. Ross, Fidus Investment Advisors LLC
Jake Savage, BB&T Capital Markets
Bruce W. Shewmaker, MVC Capital Inc.
Mark O. Timperman, Wells Fargo Securities LLC

 

Click Here to Register >>   Purchase Audio Package >

 


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY CONFERENCE

Thursday, January 31, 2013

8:00 am – 5:00 pm

New York City

followed by a

COCKTAIL RECEPTION

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

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

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.

 

Consider --

 

  • There are now 35 listed BDCs with a total market capitalization of approximately $21.4 billion.
  • At least 10 non-traded BDCs are either now raising money or in line for registration.
  • This past quarter was the biggest for BDC fundraising since 2007.

 

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 Group
  • Sutherland Asbill & Brennan LLP
  • VRC | Valuation Research Corporation 

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--

 

  • Hear the secrets for accessing capital from public sources as well as traditional institutions, pensions, and endowments.
  • Benefit from being able to raise long-term capital that does not have to be returned to investors as soon as it is used.
  • Understand the factors that can make for a successful launch of a new BDC.
  • Find out how to avoid the pitfalls to achieving compliance with Internal Revenue Code rules.
  • Gain insight into the risk profile of BDCs and the importance of credit selection.
  • Recognize why investments in BDCs are not subject to today’s “fiscal cliff” issues.

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:

  • What are the biggest challenges facing PE firms seeking to develop a BDC?
  • What are the pluses and minuses of forming a publicly-traded BDC versus a non-traded BDC?
  • How is an economic recovery likely to affect the BDC landscape?
  • What are the relationships between BDCs and SBICs? Other areas of specialty finance?
  • What are the tax implications of BDCs, and what provisions are often misunderstood?
  • What are the most likely regulatory changes that may occur in 2013 and beyond?
  • What are the projections for BDC registration over the coming years?
  • What are the tips and tricks of BDC operations that current sponsors find most valuable?

Outstanding Networking Opportunities You Will Not Find Anywhere Else

We’ve built ample time into the day’s agenda so you can --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable connections
  • Share both ideas and business cards
  • If you’re a GP – talk to people who have sponsored BDCs.
  • If you’re an LP – meet the leading participants in the BDC space.
  • If you’re a banker, attorney or advisor – find likely business partners.
  • If you work as an executive search professional – meet potential prospects

Register Now And Receive Our Early Bird Discount

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 mkane@capitalroundtable.com.

 

We look forward to having you join us on January 31st.

 

Thanks again.

 

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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Faculty

Chaired By

  • Robert Hamwee, Managing Director, New Mountain Capital LLC

Hosted By

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

Speakers 

  • Sam Anderson, Vice President, Goldman Sachs Financial Institutions Group
  • Paula A. Bosco, Managing Director & CCO, New Mountain Capital LLC
  • Robert E. Cramer, Managing Director, RBC Capital Markets Corp.
  • John D. Czapla, Managing Director, VRC l Valuation Research
  • Dean A. D'Angelo, Founding Partner, Stellus Capital Management LLC
  • Elias T. Dokas, Principal, MidOcean Partners LLP
  • Salvatore Faia, President, Vigilant Compliance LLC
  • Allen G. Laufenberg, Managing Director, Stifel Nicolaus Weisel
  • Howard M. Levkowitz, Managing Partner, Tennenbaum Capital Partners LLC
  • John J. Mahon, Partner, Sutherland Asbill & Brennan LLP
  • David Malpass, President, Encima Global LLC
  • Terrence W. Olson, Chief Operating Officer & CFO, THL Credit Inc.
  • Glenn R. Pittson, Chairman & CEO, Orchard First Source Capital Inc.
  • Edward H. Ross, Partner & CEO, Fidus Investment Advisors LLC
  • Jake Savage, Senior Managing Director, BB&T Capital Markets
  • Bruce W. Shewmaker, Senior Managing Director, MVC Capital Inc.
  • Mark O. Timperman, Managing Director, Wells Fargo Securities LLC


Additional speakers to be announced

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Schedule

 

Workshop
01:30 – 02:00
02:00 – 05:00








Conference
07:30 - 08:15
08:15 - 09:00
09:00 - 09:45 09:45 - 11:00

11:00 - 11:45
11:45 - 12:45
12:45 - 01:45
01:45 - 02:30
02:30 - 03:30

03:30 - 04:30
04:30
05:00 - 06:00

  

Wednesday, January 30, 2012

Registration & Networking

"The BDC Basics - What Every New BDC Must Know Before Launching" (Led by the BDC Team at Sutherland, the premiere law firm for BDCs. This workshop reviews the nuts and bolts of what it takes to launch and operate a BDC, including compliance, finance, disclosure and tax, and the regulatory considerations every BDC sponsor should explore before the first SEC filing is made. We will also cover how a BDC can successfully operate an SBIC subsidiary given the differences in regulation between the SBA and the SEC, and why every BDC should know about this option.)

 

Thursday, January 31, 2012

Registration, Networking, & Continental Breakfast

Welcoming Remarks & Audience Introductions

Chairman's Keynote -- Rob Hamwee

Panel 1 -- “Launching a BDC – What We Wished We’d Known Before We Started”

Coffee & Networking Break

Panel 2 -- “Fundraising for BDCs – How to go to Market”

Networking Luncheon

Afternoon Keynote

Panel 3 -- “Complying With Regulations – Navigating the Details of BDC/RIC Compliance & Valuation”

Panel 4 -- "Operating a BDC - What is the Secret Sauce for Success?"

Networking & Adjournment

Cocktail Reception

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Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by Friday, December 7, and the fee for the conference is $995 -- or $1295 for the Conference & Workshop.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, December 28, and the fee for the conference is $1195  -- or $1495 for the Conference & Workshop.
  • After that, the standard fee is $1395 for the conference  -- or $1695 for the Conference & Workshop.
  • At the door, if space is available, the fee is $1495 for the conference -- $1795 for the Conference & Workshop.
  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Mara Kane mkane@capitalroundtable.com or 212-832-7300 ext 0.


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, January 24 at 5:00pm, and we will credit you for a future conference.)


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 Mara Kane at 212-832-7300 ext.0 or by email at mkane@capitalroundtable.com.

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Location

Private club in midtown Manhattan

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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 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 mwheat@capitalroundtable.com.

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