Capital Roundtable

Marquee Sponsors

Contributing Sponsor

Association Partners

Data Partners

Partial List of
Past Attendees

Advantus Capital
Align Capital
AMJ Capital
Azure Creek Capital
Balance Point Capital
Bluestone Capital
Brookside Mezzanine
Caltius Capital Mgmt.
Capitala Group
CapX Partners
Carter Ledyard & Milburn
Centerfield Capital
Chatham Capital
Commerce Street
Copper Run Capital
CrossBay Capital
CVC Capital Partners
Diamond State
Dunne Manning
Energy Impact
England & Co.
Enhanced Capital Grp.
Faegre Baker Daniels
Franklin Hamilton
Fulham & Co.
GarMark Advisors
Gladstone Investment
GMB Mezzanine
Hamilton Lane
Hudson Ferry Capital
Insight Venture Ptrs.
Invision Capital
Lamplighter Financial
LaSalle Capital
Maranon Capital
Medley Management
Northstar Capital
Oaktree Capital
PEF Services
RF Investment Ptrs.
River Birch Partners
Robinson & Cole
Saratoga Investment
SES Advisors
Siena Lending Group
U. S. Treasury Dept.
U. S. Small Business Administration
Wells Fargo Bank NA
Westminster Capital
ZT Private Equity



How SBICs Tread the Line

Between Red Tape & Opportunity



Best Practices for

Launching & Managing SBIC Funds



Carolyn C. Galiette

President & Chief Investment Officer

Ironwood Capital


Thursday, March 21, 2019

8:00 am – 5:00 pm

New York City




Winston & Strawn LLP

Zook Dinon PA





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

The administration in Washington promised to help small companies, and to go to bat to create new jobs. Working with SBIC funds seems like an obvious great place to start.


Indeed, there are some promising signs. For instance, a bill from Florida Senator Marco Rubio proposes to expand SBIC funding to more states, and rules regarding SBIC passive investments have been relaxed.


On the other hand, there’s also evidence that bureaucratic red tape remains an issue. Licensing of SBIC funds is down 40 percent in the past year from what managers felt was already a slow approval pace.


While experienced fund managers are navigating this challenge relatively well, some newer firms may be hesitating, wondering whether or not to go through the time and expense of the arduous licensing process at all.


And some limited partners may be questioning whether SBIC funds can still meet their timeframes for putting capital to work.


Register now to join 20+ experts in a discussion of how to seize the ample opportunities for SBIC funds while minimizing the challenges of bureaucracy at The Capital Roundtable’s conference on “Best Practices for Launching & Managing SBIC Funds.” The conference will be held in New York City on Thursday, March 21, 2019.


Here Are Three Key Reasons Why You Should Join Us


  1. Hear concrete examples of winning tactics and unexpected stumbling blocks for getting an SBIC license from managers who’ve gone through the process within the past year.
  2. Learn how SBIC funds stand to benefit from recent changes to the federal tax laws and potential changes to the Dodd-Frank Wall Street Reform Act.
  3. Hear what Institutional Limited Partners think about SBIC funds.


The red tape that SBIC funds face is substantial, and it’s only increased over the past year.


For example, Michael Painter of Plexus Capital said in recent Congressional testimony that the SBIC program lacks digitized, standardized documents accessible via data rooms, slowing SBIC funds down as the rest of the world increasingly goes online.


Still, there are powerful arguments to be made in favor of SBIC funds. The leverage available from the government is an advantage and may become even more so in the event of an economic slowdown.


And you can’t argue with the success of SBIC funds’ job creation impacts -- a recent Library of Congress study found that from 1995 to 2014, SBIC-backed small companies created over 3 million jobs and supported another 6.5 million -- many in areas underserved by traditional private equity.


Register now to find out how PE investors are changing their due diligence strategies, switching up what subsectors they’re investing in, and trying to stay disciplined on price as they manage investments in a sector going through unprecedented change.


Here are some of the topics that our 20 expert speakers promise to spotlight -- 

  • Key changes at the SBIC program under the new administration
  • What kinds of private equity firms are well-suited to an SBIC license
  • How to streamline SBA approvals and how much time to allot
  • What mistakes are particularly harmful during the approval process
  • The key selling points a new fund wants to become licensed as an SBIC
  • Primary areas of focus in SBA examinations
  • How to set up an SBIC fund as a subsidiary or as a side car of a main fund
  • How the new tax law and other regulatory changes impact SBICs
  • Potential areas of expansion for SBIC funds
  • How SBIC funds are investing in minority and women-run companies, as well as underserved geographic areas
  • The key differences between operating a traditional fund and an SBIC-licensed fund
  • Cash flow needs for servicing SBA Debentures
  • Does an SBIC fund ever outgrow the program?
  • Valuation rules and limits on what SBICs can invest in

Register Now to Join Carolyn C. Galiette

And More Than 20 Other Industry Experts


A founding partner of Ironwood Capital, Carolyn Galiette serves as president and chief investment officer for the firm and chairs its various investment committees. She manages day to day execution of the firm’s investment strategy and process, and its stakeholder reporting and engagement. Prior to co-founding Ironwood Capital in 1991, she was an investment professional with Aetna Inc. Previously, she worked for Paine Webber Inc. in investment banking.


Ms. Galiette now serves on the Board of Governors of the Small Business Investors Alliance and is chair of its Executive Committee. She has testified before 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 has also served on various leadership committees for Middlebury College, the Loomis Chaffee School, and the Hotchkiss School and as president of the Avon, Conn. PTO.  She has managed multiple fundraising events.


Ms. Galiette is a graduate of Dartmouth College where she earned a BA Summa Cum Laude, Phi Beta Kappa, in English, with concentrations in Economics and French.


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 Kristi Paris today to confirm your attendance at 212-832-7300 ext. 0 or


 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.


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




 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 or




Have a Question?


Please contact Kristi Paris at 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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Chaired By

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


Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable


  • TBA

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Networking & Registration & Breakfast


Welcoming Remarks & Audience Self-Introductions


Conference Chairman’s Introduction --

  • 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


Morning Conversation --

Tax Reform & the SBICs --

The Details on Interest Deductions & Carried Interest



12:30-01:30 Networking & Luncheon


Second Panel -- 

Fundraising for Your SBIC --

How to Build Your Strategic Hit List


Networking & Dessert


Third Panel --

Avoiding SBIC Fund Stumbling Blocks --  

Valuation Rules, Regulations, & SBA Guidelines



Afternoon 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 Kristi Paris today to confirm your attendance at 212-832-7300 ext. 0 or


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 Julie Berger at 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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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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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

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