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

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.

 

































 

 

Seizing the Opportunities Created

By the Newly Energized SBIC Program

 

Best Practices

For Launching & Managing an SBIC

                     

CHAIRED BY

Peter E. Rothschild

Managing Director

OFS Capital Management LLC

 

FULL-DAY CONFERENCE

Tuesday, April 19, 2016

8:00 am – 5:00 pm

New York City

 

REGISTER NOW



FEATURED SPEAKER

 Mark L. Walsh

Associate Administrator

Office of Investment & Innovation

U. S. Small Business Administration

 

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

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Alexander Abell, RCP Advisors LLC

Marilyn S. Adler, Medley Management Inc.

Christopher G. Aroh, CohnReznick LLP
Michael S. Becker, Plexus Capital LLC
Jonathan R. Collett, CohnReznick LLP
David B. Gerogosian, PEF Services LLC
Brett A. Hickey, Star Mountain Capital LLC
Steven D. Hobman, NewSpring Capital
Kenneth E. Jones, Boathouse Capital
Justin M. Kaplan, Balance Point Capital Partners LP
Carl Kopfinger, TD Bank NA
Thomas C. Lauer, Fidus Investment Corp./ Fidus Investment Advisors LLC
Charles P. McCusker, Patriot Capital LP
Brett T. Palmer, Small Business Investor Alliance
Chad E. Peterson, Victory Park Capital

Eric J. Rosiak, FBR & Co.
Christopher A. Rossi, Pepper Hamilton LLP
Jack Sadden, Valesco Industries Inc.
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
Douglas A. Vaughn, Triangle Capital Corp.
Mark L. Walsh, U. S. Small Business Administration

 

SPECIAL HALF-DAY PRE-CONFERENCE WORKSHOP

Monday, April 18, 2016

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

2:00 pm – 5:00 pm


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

Big news came out of Washington at the end of 2015 -- two major policy changes will lessen the burdens on SBICs.

 

The newly-passed SBIC Advisers Relief Act of 2015 reduces adviser registration requirements.

 

The leverage limit for a “family” of SBICs has been raised to $350 million, up from $225 million, by a newly passed amendment.

 

And there are more changes to come!

 

The Capital Roundtable is pleased to welcome Mark Walsh, the SBA's newly-appointed associate administrator of the Office of Investment & Innovation, to keynote our April 19th conference.

 

The new leadership team at the Small Business Administration is energizing the SBIC Program in a variety of ways.

 

You'll hear first-hand about plans to --

  • Streamline licensing for new SBICs by expanding staffing and technology
  • Reinvigorate the early stage program
  • Create a new class of “Impact SBICs” that will seek to generate positive and measurable social impact in addition to financial return
  • Provide more flexibility to make investments in passive businesses
  • Enhance the SBIC program's accessibility and transparency

In addition, the SBA's proposed revision of its Model for Limited Partnership Agreements -- the cornerstone of every arrangement between SBICs and their LPs -- is still under review. Some important issues raised by the new model include --

  • Whether a fund's ability to recycle capital may be restricted?
  • Whether limits or restrictions will be placed on an SBIC’s ability to charge the expenses of outsourced administrators back to the fund?
  • Whether BDCs will be required to apply for brand-new licenses after their initial leverage is used?
  • Whether SBIC funds that are dropdowns from BDCs should be singled out for additional restrictions?
  • Whether proposed changes in “standard of care” provisions will be amended?

By attending this conference, you’ll be able to react swiftly to Washington’s decisions as well as changes that are within your control.


Register now for The Capital Roundtable’s conference on “Best Practices for Launching & Managing an SBIC.” Hear how others are making best use of the SBIC program. Book your space for Tuesday, April 19th, in New York City.

 

 

Here Are Three Reasons Why You Should Join Us

 

  1. Find out how LP agreements have changed, and what they may look like going forward.
  2. Understand the similarities and differences between managing SBICs and managing traditional private equity and mezzanine funds, which can smooth the path for first-time applicants.
  3. Hear how SBIC funds are being affected as LPs increasingly look for specialized investments.

 

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 is 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.

 

Before he joined 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 more than 250 SBICs.
  • David Gerogosian, executive vice president at PEF Services, the leading middle-market’s fund administrator, and a veteran of the Small Business Administration’s SBIC program.
  • Chris Aroh, partner at CohnReznick LLP, a national accounting, tax, and advisory firm, and a leader of its SBIC practice

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 --


  • 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?
  • Which potential changes to the SBIC program are being welcomed by most industry practitioners? On the other hand, which changes to the SBIC program may be worrisome?
  • Will upcoming regulatory changes make it easier for newcomers to join the field of established SBICs – or more difficult?
  • Will it become tougher for BDCs to create SBIC subsidiaries?
  • What should managers of existing funds know before attempting to form an SBIC side fund?
  • What are the key points that can help a general partner track record be favorably viewed by SBA?
  • What is the latest information coming from the SBA and the SBIA, and do current rumors suggest actual changes in policy and oversight?

 

Three More Reasons Why You Should Join Us

 

  1. Learn which issues you should be monitoring in order not to be caught ill-equipped.
  2. Discover how SBIC rules affecting banks may be changing to better accommodate their investors.
  3. Understand the process for applying for an SBIC license.

 

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 Sarah Burd today to confirm your attendance at 212-832-7300 ext. 0 or sburd@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 Tuesday, April 19.

 

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 25 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 Katherine Kennedy at 212-832-7300 or by email at mmagro@capitalroundtable.com or kkennedy@capitalroundtable.com.

 

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Have a Question?

 

Please contact Sarah Burd at sburd@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

  • Alexander Abell, Managing Director & Head--Research, RCP Advisors LLC

  • Marilyn S. Adler, Managing Director & Head--Medley SBIC, Medley Management Inc.
  • Christopher G. Aroh, Partner, CohnReznick LLP
  • Michael S. Becker, Partner, Plexus Capital LLC
  • Jonathan R. Collett, Partner, CohnReznick LLP
  • David B. Gerogosian, Executive Vice President, PEF Services LLC
  • Brett A. Hickey, Chief Executive Officer, Star Mountain Capital LLC
  • Steven D. Hobman, General Partner, NewSpring Capital
  • Kenneth E. Jones, General Partner, Boathouse Capital
  • Justin M. Kaplan, Partner, Balance Point Capital Partners LP
  • Carl Kopfinger, Senior Vice President, TD Bank NA
  • Thomas C. Lauer, Director--Fidus Investment Corp. /

    Partner--Fidus Investment Advisors LLC

  • Charles P. McCusker, Managing Partner, Patriot Capital LP
  • Brett T. Palmer, President, Small Business Investor Alliance
  • Chad E. Peterson, Principal, Victory Park Capital
  • Eric J. Rosiak, Managing Director, FBR & Co.

  • Christopher A. Rossi, Partner, Pepper Hamilton LLP
  • Jack Sadden, Managing Director, Valesco Industries Inc.
  • 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
  • Douglas A. Vaughn, Managing Director, Triangle Capital Corp.
  • Mark L. Walsh, Associate Admin.--Office of Investment & Innovation, U. S. Small Business Administration

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Schedule

 


07:30-08:30

Networking & Registration & Breakfast

08:30-09:15

Welcoming Remarks & Audience Self-Introductions

09:15-09:30

Conference Chairman’s Introduction 

  • Peter Rothschild, OFS Capital Management LLC

09:30-09:45

Keynote -- Is the SBIC Program Right for You?

  • Mike Staebler, Pepper Hamilton LLP

09:45-10:30

Keynote -- TBD

  • Mark Walsh, U. S. Small Business Administration

10:30-11:15

Networking & Coffee

11:15-12:00

Panel 1 -- Creative Investment Strategies Used by Successful SBIC Funds

12:00-12:30

Conversation --  Efficient Tax Strategies for Your SBIC

12:30-01:30

Networking & Luncheon                                  

01:30-02:15

Panel 2 -- Fundraising for Newcomers & Veteran Managers

02:15-03:00

Afternoon Interview -- Facts & Fundamentals -- Successfully Navigating the SBIC Program

03:00-03:15

Networking & Dessert

03:15-04:00 Conversation -- BDCs & Drop-Down Funds -- Why are they Controversial?
04:00-04:45 Panel 3 -- Launching an SBIC Fund -- What We Wish We'd Known When We Started
04:45 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 Sarah Burd today to confirm your attendance at 212-832-7300 ext. 0 or sburd@capitalroundtable.com.

 

Please note that The Capital Roundtable limits the number of registrants from a single firm to three.

 

  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, March 11. Just $1095.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, April 1, 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 Sarah Burd at sburd@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 Katherine Kennedy at 212-832-7300 ext.111, or by email at kkennedy@capitalroundtable.com.

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