SBA Announces First Forum for Emerging Small Business Investment Firm Fund Managers – GlobeNewswire | Region & Cash

Washington, April 22, 2022 (GLOBE NEWSWIRE) – The US Small Business Administration (SBA) announced today that it will host its first-ever Small Business Investment Company (SBIC) Diverse and Emerging Fund Manager Forum on April 25. The Honorable will attend the event Administrator Isabella Casillas Guzman and leaders from the institutional investor and private markets wealth manager community who will provide perspectives on the changing U.S. private markets landscape, the next generation of wealth managers and the evolution of the SBIC program. The event follows the release of the SBA’s Equity Action Plan and reaffirms the priority of the Biden-Harris Administration and Administrator Guzman to advance inclusive equity across all of their programs and services.

During the forum, attendees will have the opportunity to hear from industry leaders and learn how the SBIC program and its national network of wealth managers and fund investors are working to advance a more inclusive system of capital allocation.

“For more than 60 years, SBICs have provided over $100 billion in financing to support the needs of small US businesses. The capital that SBICs provide is often underfunded from traditional sources,” said Bailey DeVries, associate administrator for the Office of Investment and Innovation. “As asset allocators that only fund US small businesses, SBIC funds have a tremendous opportunity to drive reinvestment in America and build a capital allocation system as diverse as our country. We look forward to an intense forum discussion on issues impacting how we build a more inclusive economy.”

Agenda:

(1:00-1:05 p.m.) Welcome and introduction by US Small Business Administration Administrator Isabella Guzman

Speaker: Bailey DeVries, Associate Administrator Office of Investment & Innovation, US Small Business Administration

(13:05-13:20) Opening speech

Speaker: The Honorable Isabella Guzman, Administrator, US Small Business Administration

(1:20-2:05 p.m.) Session 1: The Future of Private Market Investing and Emerging Managers

moderation: Dana Johns, Director of Private Equity, Maryland State Retirement System

  • Mina Pacheco Nazemi, Co-Head, Barings Fund and Co-Investment Group
  • Nate Kirk, CEO, Everside
  • Andrea Auerbach, Global Head of Private Investments, Cambridge Associates
  • Eleanor Hsu, Co-Chief Investment Officer, Kaiser Family Foundation

(2:15-3:00 p.m.) Session 2: Are you considering the SBIC program? How does it work?

moderation: Alan Roth, Partners, Winston & Strawn

  • Stacy Harmsen, Partner, Spell Capital
  • Sengal Selassie, President, Brightwood Capital Advisors
  • Della Clark, Director, Innovate Capital Growth Fund
  • Brian Matthews, co-founder of Cultivation Capital

(3:10-3:55 p.m.) Session 3: How do LPs and GPs feel about diversity and ESG in private markets investing?

moderation: Jason Lamin, CEO and Founder, Lenox Park Solutions

  • Carl Jenkins, MD & Group Head of Corporate Finance-Community Investments, BMO Harris
  • Damien Dwin, Founder, Lafayette Square
  • Jason Powers, Head of SBIC Licensing, US Small Business Administration
  • Stacey Wittelsberger, Director, Patriot Capital

(15:55-16:00) Closing Remarks

speaker: Bailey DeVries, Associate Administrator Office of Investment & Innovation, US Small Business Administration

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About the Office for Investment and Innovation of the SBA

The US Small Business Administration’s (SBA) Office of Investment and Innovation (OII) directs programs that give the high-growth small business community access to two things: financial capital and R&D funds to develop commercially viable innovations. Our work is underpinned by public-private partnerships that help small companies take their journey from idea to IPO. Learn more at www.sba.gov.

About the US Small Business Administration

The US Small Business Administration is helping to advance the American dream of business ownership. As the single point of contact and voice for small businesses, backed by the strength of the federal government, the SBA provides entrepreneurs and small business owners with the resources and support they need to start, grow, expand, or diversify their business a statement to recover disaster. It offers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov


        

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