Partial List of
Altus Capital Partners
Azure Creek Capital
Balance Point Capital
Brock Capital Group
Copper Run Capital
Credit Suisse Asset Management
CVC Credit Partners
Diamond State Ventures
Energy Impact Partners
Fidus Investment Advisors
Fifth Street Finance
GMB Mezzanine Capital
Kidd & Co.
MVP Capital Partners
Pine Street Capital
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
Victory Park Capital
VRC | Valuation Research Corporation
Outlook Is Brightening
For Building Successful SBIC Funds
Best Practices for
Launching & Managing an SBIC
Carolyn C. Galiette
President & Chief Investment Officer
Thursday, March 21, 2019
8:00 am – 5:00 pm
New York City
Winston & Strawn LLP
Zook Dinon PA
INSIGHTS FROM 20 EXPERT SPEAKERS!
Christopher Aroh, CohnReznick LLP
Samuel J. Boyd Jr., U. S. Small Business Administration
Jonathan Collett, CohnReznick LLP
Rodger Davis, Northcreek Mezzanine Fund
David DiPaolo, Star Mountain Capital LLC
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
Michael D. Richter, GLC Advisors & Co. LLC
Alan Roth, Winston & Strawn LLP
Peter Rothschild, RF Investment Partners LLC
Kevin Sheehan, Multiplier Capital 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.
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 Launching & Managing an SBIC on March 21, 2019, in New York City.
Here Are Three Key Reasons Why You Should Join Us
- Hear from both new and experienced SBIC managers about how best to work with the SBA
- Discuss best practices for SBIC deal-making in the hotly competitive M&A market
- 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 firstname.lastname@example.org.
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.
We look forward to having you join us on Thursday, March 21, 2019.
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.
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 email@example.com or firstname.lastname@example.org.
Have a Question?
Please contact Chris Agar at email@example.com or 212-832-7300 ext. 0.
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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- Carolyn Galiette, President and Chief Investment Officer, Ironwood Capital
- Burt Alimansky, Chairman & CEO, The Capital Roundtable
- Christopher Aroh, Partner, CohnReznick LLP
- Samuel J. Boyd Jr., CIO & Dir.--Program Development, 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
- 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
- Michael D. Richter, Managing Director, GLC Advisors & Co. LLC
- Alan Roth, Partner, Winston & Strawn LLP
- Peter Rothschild, Managing Partner, RF Investment Partners LLC
- Kevin Sheehan, Managing General Partner, Multiplier Capital LP
- Daniel Yardley, Managing Director, Patriot Capital LP
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Networking & Registration & Breakfast
Welcoming Remarks & Audience Self-Introductions
Conference Chairman’s Introduction --
of the SBIC Program from the Perspective of a
- Carolyn Galiette, Ironwood Capital
First Panel --
An Up-To-Date Guide to Getting Your SBIC License --
What the SBA Wants to See -- and What It Doesn’t
Networking & Coffee
First Conversation --
Avoiding SBIC Fund Stumbling Blocks --
Valuation Rules, Regulations, & SBA Guidelines
Morning Keynote --
Washington Update -- Policies that Will Affect Private Equity & SBICs
- Brett T. Palmer, Small Business Investor Alliance
||Networking & Luncheon
Second Panel --
Fundraising for Your SBIC --
How to Build Your Strategic Hit List
Networking & Dessert
Second Conversation --
Tax Reform & the SBICs --
The Details on Interest Deductions & Carried Interest
Third Conversation --
Getting to Fund II & Beyond --
War Stories about Raising Multiple Funds
Networking & Adjournment
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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 firstname.lastname@example.org.
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.
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 email@example.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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The University Club
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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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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 firstname.lastname@example.org.
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