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Capital Roundtable

 

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Association Partners

Research Partners

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Media Partners

The Deal

 

 

 

 

Clear the date May 3 on your calendar!

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

All-NEW Conference

For Business Development Company

Sponsors, Advisors, & Service Providers

 

 

Best Practices for Launching

& Managing a BDC --

How a Business Development Company

Can Broaden Your Access to Capital

 

 

  Attendance Is Limited!

 Register Now

                         

CHAIRED BY

James K. Hunt, Chairman, CEO, & CIO
THL Credit & THL Credit Advisors


 

Featuring 20 Expert Speakers Including --

  • Sam Anderson, Goldman Sachs Group Inc.
  • Matthew W. Benton, Wells Fargo Securities LLC
  • Steven B. Boehm, Sutherland Asbill & Brennan LLP
  • John D. Czapla, VRC I Valuation Research
  • Kevin Deignan, Citigroup Inc.
  • R. Kipp deVeer, Ares Management LLC
  • Robert F. Dunne, Jr., Grant Thornton LLP
  • Patrick W. Frisch, ING Capital LLC
  • Brian S. Gerson, Solar Capital Ltd.
  • H. Scott Harvey, Hercules Technology Growth Capital Inc.
  • Dwayne L. Hyzak, Main Street Capital Corp.
  • Joel S. Kress, ICON Capital Corp.
  • Cynthia M. Krus, Sutherland Asbill & Brennan LLP
  • Thomas C. Lauer, Fidus Investment Advisors LLC
  • John J. Mahon, Sutherland Asbill & Brennan LLP
  • Terrence W. Olson, THL Credit Inc.
  • Harry S. Pangas, Sutherland Asbill & Brennan LLP
  • Eileen M. Patrick, Apollo Investment Corp.
  • Nicholas J. Prokos, ACA Compliance Group
  • Andrew Rosenburgh, Credit Suisse Group
  • Ian T. Simmonds, Bank of America Merrill Lynch
  • Andrew H. Steuerman, Golub Capital LLC
  • Stephanie P. Sullivan, THL Credit Inc.
  • Leonard M. Tannenbaum, Fifth Street Finance Corp.
  • Scott V. Turco, THL Credit Inc.
  • Troy Ward, Stifel Nicolaus & Co. Inc.
  • Adam B. Weinstein, New Mountain Capital LLC

 

Click Here to Register >>   Purchase Audio Package >>

 


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY CONFERENCE

Thursday, May 3, 2012

8:00 am – 4:45 pm
New York City 

SPECIAL HALF-DAY PRE-CONFERENCE WORSKHOP (Optional)

Wednesday, May 2, 2012
BDC Basics --
What Every New BDC Must Know Before Launching
2:00 pm – 5:00 pm
New York City

Designed to Meet the Needs of Managers of Buyout, Growth Equity, Mezzanine, & Lending Funds, as Well as GPs, LPs, Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants,& Other Advisors Who Support Them

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

Business development companies -- known as BDCs -- have become more and more compelling, not only as providers of capital to middle-market companies, but also as business opportunities for private equity and other alternative asset firms that want to expand their assets under management.

 

This special type of closed-end fund provides growing companies with increased access to capital, and enables private equity firms to access the public capital markets.

 

          If you’re among the many dozens of private equity firms, mezzanine

          funds, SBICs, and other alternative asset managers looking at

          sponsoring a BDC…

 

          If you’re part of a professional services firm that works with BDCs…

 

          The Capital Roundtable is ready to help you move forward with all your

          need‑to‑know information, gathered into one conference.

 

Attending this conference can be critical to your success with the BDC model.  The rules of the game are complex.  The procedures are neither obvious nor easy.  And many of the rules and regulations can be interpreted in multiple ways.

 

With a limited number of business development companies currently formed and on file, there is no substitute for learning how to operate in the BDC space from people who know the ins and outs.  This conference from The Capital Roundtable will cover both sides of the spectrum.

 

Traditional BDCs are publicly traded, with shares listed on one or more national exchanges and with a full complement of SEC filings.  Today’s top 32 actively traded BDCs have over $29 billion in assets under management. 

 

More recently, Non-Traded BDCs have emerged -- using a structure similar to non-traded REITs where capital is raised in a continuous private offering, which eliminates market price volatility but creates less liquid securities.

 

          So if you do one thing today that could have lasting impact on your

          assets under management, reserve Thursday, May 3, so you can attend

          our brand-NEW conference on “Best Practices for Launching &

          Managing a BDC.”

          And by registering by March 23, you can take advantage of our special

          Early Bird Rate -- a generous savings of $400!

          This conference is being sponsored by --

    • Sutherland Asbill & Brennan LLP, which specializes in the formation, operation, and ongoing capital-raising requirements of BDCs.
    • VRC I Valuation Research, a global provider of valuation services, specializes in alternative asset and complex valuation matters for hedge funds, private equity firms and BDCs.
    • Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, is a global accounting, tax and advisory services firm offering a comprehensive suite of services to clients across a wide range of industries.
    • ACA Compliance Group is a full-service global compliance consulting firm to investment managers, private funds, investment companies and broker-dealers.

 

20 BDC Experts Help You Understand The BDC Phenomenon.

 

To chair this important event, we’re delighted to welcome James K. Hunt, Chairman, CEO, and CIO of THL Credit and THL Credit Advisors in Boston -- a BDC targeting middle‑market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisition.

 

Jim has extensive experience providing capital for both public and private middle-market companies across most industries.  Before founding THL Credit, he was managing partner and CEO of Bison Capital Asset Management LLC, a middle-market growth equity firm he co-founded in 2001.  Previously, he was president of SunAmerica Corporate Finance and an executive vice president of AIG SunAmerica, managing an asset portfolio of over $8 billion.

 

Prior to that Jim worked at Citicorp for over 14 years, where he held a variety of leveraged lending, credit, and finance positions, culminating in the role of senior credit officer and vice president/area head for the Far West U.S. leveraged lending group.  He serves on the board of directors of Lender Processing Services, and formerly for Financial Pacific Leasing, Primus Guaranty, Mobile Storage Group and other firms.  Jim earned a BBA in economics from the University of Texas at El Paso and an MBA in finance and accounting from the University of Pennsylvania’s Wharton Graduate School of Business.

 

Along with Jim, our keynote presentation and four revealing panel discussions will feature 20 knowledgeable business development company specialists who will share their real-world perspectives, lessons learned, and industry outlooks, including insights on mastering this alternative source of capital.

 

You’ll discover why so many are saying BDCs will become a dominant provider of middle market capital in the near future. Certainly the markets have been highly supportive of BDCs this year -- even in a lukewarm environment, BDCs have raised about $450 million for follow on offerings and $100 million in debt deals.

 

We’ll also cover how many firms are pursuing multiple BDCs -- such as one for mezzanine financing and a second for senior financing. 

 

And we’ll explain why you have every reason to get on file today -- even when the market window is less open, you can still get through the SEC process and be ready when the market is.

 

Take Advantage Of Our Excellent Networking Opportunities.

 

Like all conferences from The Capital Roundtable, this all-NEW event will bring you face to face with the people you want to meet.  We’ve built ample time into the agenda, including session breaks and an open lunch, where you can exchange ideas and business cards with fellow attendees and featured speakers.

 

Register now to hear the answers to questions like these --

 

  • Why is the Business Development Company model experiencing such growth?
  • What are the projections for BDC registration in 2012? 2013? Beyond?
  • When should existing SBICs convert to BDCs -- or BDCs create SBIC dropdowns?
  • What is the regulatory climate for BDCs, and will this change in the future?
  • What favorable tax treatments are BDCs eligible to receive?
  • What are the pros and cons of choosing to form a nontraded BDC instead of a publicly-traded BDC?
  • How might the BDC industry be affected by an economic recovery?
  • What are the key mistakes firms can make when seeking BDC formation?
  • What tips and tricks of BDC operations can only be learned from those who’ve done it before?
  • And much, much more.

 

We also encourage you to attend our afternoon pre-conference Workshop the day before on Wednesday, May 2 --

 

BDC Basics --

What Every New BDC Must Know Before Launching

 

This optional workshop is ideal for attendees who are new to Business Development Companies, and will go into greater detail on the specific procedures for getting started.

 

You should attend this conference if you are a --

  • Management team exploring new opportunities to increase assets under management.
  • GP or LP who wants to benefit from the favorable tax treatment BDCs offer.
  • LP interested in making investments in the lower middle-market.
  • LP who wants to meet the leading participants in the BDC space.
  • Banker who want to assess the possibilities of underwriting a BDC to provide financing for the middle market.
  • Non-traded REIT sponsor interested in learning more about non-traded BDCs
  • Advisor or consultant to GPs or LPs on BDCs.
  • Executive search professional recruiting for the PE industry.

Remember, register with our Early Bird Rate by March 23, 2012, and you’ll save $400 off our standard fee!  Please make your reservation now while seats are available; we don’t want you to be disappointed later.  We’ll be looking forward to greeting you.

 

For more information, please feel free to contact Mara Kane at 212-832-7300 ext. 0 or af@capitalroundtable.com.

 

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.

 

The Capital Roundtable thanks the Washington, D.C.-based law firm Sutherland Asbill & Brennan LLP, which specializes in the formation, operation, and ongoing capital-raising requirements of BDCs, for sponsoring this outstanding event.  It’s due in great part to their collaboration and support that we have the resources to make this event so worthwhile for you. 

 

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Faculty

Chaired By

  • James K. Hunt, Chairman, CEO, & CIO, THL Credit & THL Credit Advisors

Hosted By

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

Speakers 

  • Sam Anderson, Vice President, Goldman Sachs Group Inc.
  • Matthew W. Benton, Director, Wells Fargo Securities LLC
  • Steven B. Boehm, Partner, Sutherland Asbill & Brennan LLP
  • John D. Czapla, Managing Director, VRC I Valuation Research
  • Kevin Deignan, Dir.--Investment Banking, Citigroup Inc.
  • R. Kipp deVeer, Senior Partner, Ares Management LLC
  • Robert F. Dunne, Jr., Partner--Tax Services, Grant Thornton LLP
  • Patrick W. Frisch, Director, ING Capital LLC
  • Brian S. Gerson, Partner, Solar Capital Ltd.
  • H. Scott Harvey, Chief Legal Officer, Hercules Technology Growth Capital Inc.
  • Dwayne L. Hyzak, Senior Managing Director & CFO, Main Street Capital Corp.
  • Joel S. Kress, Senior Managing Director, ICON Capital Corp.
  • Cynthia M. Krus, Partner, Sutherland Asbill & Brennan LLP
  • Thomas C. Lauer, Partner, Fidus Investment Advisors LLC
  • John J. Mahon, Partner, Sutherland Asbill & Brennan LLP
  • Terrence W. Olson, Chief Operating Officer & CFO, THL Credit Inc.
  • Harry S. Pangas, Partner, Sutherland Asbill & Brennan LLP
  • Eileen M. Patrick, Managing Director, Apollo Investment Corp.
  • Nicholas J. Prokos, Partner, ACA Compliance Group
  • Andrew Rosenburgh, Managing Director, Credit Suisse Group
  • Ian T. Simmonds, Director, Bank of America Merrill Lynch
  • Andrew H. Steuerman, Head of Middle Market Lending, Golub Capital LLC
  • Stephanie P. Sullivan, General Counsel & CCO, THL Credit Inc.
  • Leonard M. Tannenbaum, President & CEO, Fifth Street Finance Corp.
  • Scott V. Turco, Director, THL Credit Inc.
  • Troy Ward, Managing Director, Stifel Nicolaus & Co. Inc.
  • Adam B. Weinstein, Director & Controller, New Mountain Capital LLC
  • Additional Speakers To Be Announced

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Schedule

 

Workshop
01:30 – 02:00
02:00 – 05:00








Conference
07:30 - 08:30
08:30 - 09:00
09:00 - 09:45
09:45 - 10:45

10:45 - 11:15
11:15 - 12:15

12:15 - 01:15
01:15 - 02:30

02:30 - 02:45
02:45 - 03:45
03:45 - 04:45
04:45

 

  

Wednesday, May 2, 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, May 3, 2012

Registration, Networking, & Continental Breakfast

Welcoming Remarks & Audience Introductions

Chairman's Keynote

First Panel -- “Forming a BDC -- What We Wished We’d Known Before We Started”

Coffee & Networking Break

Second Panel -- “Managing a BDC -- Successful Strategies for Financing the Portfolio”

Luncheon & Networking

Third Panel -- “Complying With Regulations -- Navigating the Details of BDC/RIC Compliance & Valuation”
Coffee & Networking Break

Fourth Panel -- “The Business of Middle Market Lending”

Fifth Panel -- “BDCs -- What Is the Secret Sauce for Success?”

Networking & Adjournment

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Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by Friday, March 23, 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, April 13, 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 af@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, April  26 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 af@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 Dana DeMattia at 212-832-7300 or by email at ddemattia@capitalroundtable.com.

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