MasterClassTM

Capital Roundtable

Marquee Sponsors

Contributing Sponsor

Association Partners

Data Partners

Partial List of
Past Attendees

 Advantus Capital

Akeida Capital

Align Capital

 AlpRidge Capital

Altus Capital Partners

Amerra Capital

AMJ Capital

Azure Creek Capital

Balance Point Capital

Bluestone Capital  

Boathouse Capital

Brock Capital Group

Brookside Mezzanine

Caltius Capital

Capitala Group

CapitalSpring

CapX Partners

Centerfield Capital

Chatham Capital

Commerce Street  

Copper Run Capital

Credit Suisse Asset Management

CrossBay Capital

CVC Credit Partners

Diamond State Ventures

Energy Impact Partners

Enhanced Capital

Fidus Investment Advisors

Fifth Street Finance

Founders Equity

GarMark Advisors

Gladstone Investment

GMB Mezzanine Capital

Graycliff Partners

Hamilton Lane

Insight Venture

Invision Capital

Kidd & Co.

Lamplighter Financial

LaSalle Capital

Medley Management

Monroe Capital

MVP Capital Partners

NewSpring Capital

Northstar Capital

Patriot Capital

Pine Street Capital

Plexus Capital

RF Investment

River Birch Partners

Robinson & Cole

Saratoga Investment Advisors

Small Business Investor Alliance

Star Mountain Capital

TD Bank NA

Triangle Capital Corp.

U. S. Small Business Administration

Valesco Industries

Victory Park Capital

VRC | Valuation Research Corporation

 

































 

 

Outlook Is Brightening

For Building Successful SBIC Funds

 

 

Best Practices for

Managing & Launching an SBIC

                     

CHAIRED BY

Carolyn C. Galiette

President & Chief Investment Officer

Ironwood Capital


FULL-DAY CONFERENCE

Thursday, March 21, 2019

8:00 am – 5:00 pm

New York City

 

REGISTER NOW


MARQUEE SPONSORS

Winston & Strawn LLP

Zook Dinon PA

 

CONTRIBUTING SPONSOR

CohnReznick


INSIGHTS FROM 20 EXPERT SPEAKERS!

Christopher Aroh, CohnReznick LLP

Sam Boyd Jr., Office of Investment, U. S. Small Business Administration

Jonathan Collett, CohnReznick LLP

Rodger Davis, Northcreek Mezzanine Fund

David DiPaolo, Star Mountain Capital LLC

Michael Donadieu, Office of Investment, U. S. Small Business Administration

Atif Gilani, Renovus Capital Partners

Steven Gord, Boathouse Capital

Thomas Gorman, Seacoast Capital

Susan Haggerty, Zook Dinon PA

Nathaniel Kirk, Everside Capital Partners LLC

Olga Loy, Winston & Strawn LLP

Carleton Olmanson, GMB Mezzanine Capital LP

Brett T. Palmer, Small Business Investor Alliance

Andrew Panzo, NewSpring Capital

Alan Roth, Winston & Strawn LLP

Peter Rothschild, RF Investment Partners LLC

Andy Shackelford, LaSalle Capital

Joseph Shepard, Office of Investment, U. S. Small Business Administration

Arthur Spivey, Office of Investment, U. S. Small Business Administration

Robert Stewart, Spring Capital Partners LP

Daniel Yardley, Patriot Capital LP



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

What a difference a year makes.

 

Go back to November 2017, and the president of the Small Business Investor Alliance was telling Congress that a slowdown in the SBA’s licensing process had caused a whopping 40% drop in the number of SBIC licenses issued.

 

Fast forward to June 2018, and new statistics paint a healthier picture --

  • More new debenture funds had already been licensed by mid-year -- 13 -- than in all of 2017.

  • The amount of capital managed by SBICs stands at $30.65 billion, up from $28.23 billion at the end of 2016.

  • Now the SBA is emphasizing the importance of the SBIC program and doing outreach to encourage more license applications.

  • The government has passed new laws -- including the Small Business Investment Opportunity Act -- which is boosting SBIC funds’ access to leverage.

  • And meantime, the economy is going strong, and interest rates are still  relatively low.

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

 

 

You’ll gain valuable insight as our panelists assess the outlook for SBICs in 2019 and 2020 when you attend The Capital Roundtable’s all-day conference on Best Practices for Managing & Launching an SBIC on March 21, 2019,  in New York City.

 

 

Here Are Three Key Reasons Why You Should Join Us

 

  1. Hear from both new and experienced SBIC managers about how best to work with the SBA

  2. Discuss best practices for SBIC deal-making in the hotly competitive M&A market

  3. Learn specific fundraising techniques being used by today’s successful SBICs

 

Still and all, SBIC managers are still facing big hurdles --

  • The newly divided Congress and political gridlock

  • Tariffs that change how SBIC portfolio companies must source goods

  • Regulatory changes -- including tax reform -- that limit the deductibility of interest expenses

  • A rethinking of the Community Reinvestment Act, which could disincentivize banks from backing SBICs. At present, banks can comply with the CRA simply by investing in SBICs.

And the industry isn’t immune to the high valuations and strong competition for deals that characterize M&A. With more competition for larger deals, many managers are moving into the lower middle-market arena where SBIC funds primarily play. This is particularly problematic for SBIC funds, given that their SBIC status typically slows their ability to close deals.

 

Register now  to Bolster Your Awareness of Opportunities

At a Key Moment for the SBIC Program

 

Here are some of the topics that our 21 expert speakers promise to spotlight -- 

  • How to decide whether to convert your fund into an  SBIC

  • What to expect during the licensing process

  • Common stumbling blocks for first-time SBIC funds

  • How an increasingly sophisticated PE industry helps -- and hurts – SBICs in terms of reporting, transparency, and banks’  understanding of the program

  • How to educate new kinds of LPs, e.g., endowments, about the benefits of SBIC funds

  • Key things LPs look for in a first-time SBIC

  • Regulatory issues that can constrain funds of funds from investing in SBIC funds

  • Which national banks, community banks, and federal savings & loan associations are most interested in investing in SBICs

  • How to polish your paperwork to impress LPs and the SBA

  • Whether it makes sense to hire a placement agent  

  • How SBICs can prepare themselves and their portfolios for an economic slowdown

  • The impact of new tax laws and tariffs on SBICs

  • The current status of pending bills that could impact SBICs and small businesses

  • How to prepare for rising interest rates

  • How to prepare for an economic slowdown

  • What are SBA valuation rules?

  • What are the concentration restrictions?

  • What kinds of companies are best suited for SBIC investments?

 

Register Now to Join Carolyn C. Galiette

And More Than 20 Other Industry Experts

 

Carolyn Galiette is a founding partner of Ironwood Capital. She serves as the firm’s president and chief investment officer and chairs its investment committees. Previously, she was an investment professional with Aetna and worked for PaineWebber in investment banking.

 

She serves on the board of governors of the Small Business Investors Alliance and is the immediate past chair of its executive committee. In 2018, she was named to the 2018 List of Mergers & Acquisitions’ Most Influential Women in Mid-Market M&A.  She has testified before the United States Congress on behalf of small business investors. She is a member of the Private Equity Women Investor Network and Women’s Association of Venture Equity. She earned a BA degree from Dartmouth College.

 

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 Chris Agar today to confirm your attendance at 212-832-7300 ext. 0 or cagar@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 Thursday, March 21, 2019.

 

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 Kellie Green or Claire Notton at 212-832-7300 or by email at kgreen@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Chris Agar at cagar@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 investors
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands

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Faculty

Chaired By

  • Carolyn Galiette, President and Chief Investment Officer, Ironwood Capital

 

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Christopher Aroh, Partner, CohnReznick LLP
  • Sam Boyd Jr., Dir.--Development, Office of Investment, U. S. Small Business Administration
  • Jonathan Collett, Partner, CohnReznick LLP
  • Rodger Davis, Managing Partner, Northcreek Mezzanine Fund
  • David DiPaolo, Managing Director, Star Mountain Capital LLC
  • Michael Donadieu, Dir.--Examinations, Office of Investment, U. S. Small Business Administration
  • Atif Gilani, Founding Partner, Renovus Capital Partners
  • Steven Gord, Partner, Boathouse Capital
  • Thomas Gorman, Partner, Seacoast Capital
  • Susan Haggerty, Director, Zook Dinon PA
  • Nathaniel Kirk, Managing Partner, Everside Capital Partners LLC
  • Olga Loy, Partner, Winston & Strawn LLP
  • Carleton Olmanson, Partner, GMB Mezzanine Capital LP
  • Brett T. Palmer, President, Small Business Investor Alliance
  • Andrew Panzo, General Partner, NewSpring Capital
  • Alan Roth, Partner, Winston & Strawn LLP
  • Peter Rothschild, Managing Partner, RF Investment Partners LLC
  • Andy Shackelford, Partner & CFO, LaSalle Capital
  • Joseph Shepard, Assoc. Administrator, Office of Investment, U. S. Small Business Administration
  • Arthur Spivey, Chief--Licensing, Office of Investment U. S. Small Business Administration
  • Robert Stewart, General Partner, Spring Capital Partners LP
  • Daniel Yardley, Managing Director, Patriot Capital LP

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Schedule

 

 

07:30-08:30

Networking & Registration & Breakfast

08:30-09:00

Welcoming Remarks & Audience Self-Introductions

09:00-09:15

Conference Chairman’s Introduction --

 

  • Carolyn Galiette, Ironwood Capital

09:15-10:15

First Panel --

An Up-To-Date Guide to Getting Your SBIC License -- 

What the SBA Wants to See -- and What It Doesn’t


10:15-11:00

Networking & Coffee

11:00-11:30

Morning Keynote --

  • Brett T. Palmer, Small Business Investor Alliance


11:30-12:15

First Conversation --

Tax Reform & the SBICs --

The Details on Interest Deductions & Carried Interest

 


12:15-01:15 Networking & Luncheon
01:15-01:45 Keynote Interview

01:45-02:45

Second Panel -- 

Fundraising for Your SBIC --

How to Build Your Strategic Hit List

02:45-03:00

Networking & Dessert

03:00-03:45

Second Conversation --

Avoiding SBIC Fund Stumbling Blocks --  

Valuation Rules, Regulations, & SBA Guidelines

 


03:45-04:30

Third Conversation --

Getting to Fund II & Beyond --

War Stories about Raising Multiple Funds

 

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 Chris Agar today to confirm your attendance at 212-832-7300 ext. 0 or cagar@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, January 25. Just $1095.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, February 15, 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: New York Business Roundtable Inc., 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Chris Agar at cagar@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

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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 Claire Notton at 212-832-7300 ext.117, or by email at cnotton@capitalroundtable.com.

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