Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Private Equity Strategies

SBIA Holds Annual Summit, Chooses New Officers and Board Members

Monday, October 21, 2013

By: Bailey McCann, Private Equity Strategies

Last week, Small Business Investor Alliance (SBIA), the leading association for lower middle market private equity funds and investors, held it’s National Summit for Middle Market Funds in Palm Beach, Florida. At the summit, the organization chose its officers and board of directors for the next year.

Charles McCusker, managing partner of Patriot Capital, was named Chairman of the Board. Carolyn Galiette, senior managing director of Ironwood Capital, joined the officers as Treasurer. Faraz Abbasi, a partner at Centerfield Capital Partners, was named Middle Market Committee Chair; Tom Aronson, principal of Monroe Capital Partners, was named BDC Committee Chair. Arjun Gupta, Founder of TeleSoft Partners, as Venture Capital Committee Chair; Steve Hobman, partner of NewSpring Mezzanine Capital, as SBIC Committee Chair; and Tim Rafalovich, vice president of Wells Fargo Bank, as Limited Partner Chair.

The SBIA also named the following new regional presidents: Curtis Hartman, senior managing director of Main Street Capital Corporation, as Southern Regional President; Thomas Affolter, an Investment Professional at Victory Park, as Midwest Regional President; Walter Beinecke, a partner at Brooks Venture Partners, as Northeast Regional President; and Jeffrey Holland, partner at Seacoast Capital, as Western Regional President.

Doug England with The Riverside Company, and Trevoir Gregg with RLJ Equity Partners, Tom Danis with RCP Advisors, and Michael Painter with Plexus Capital have also joined the board.

Private Equity Strategies first spoke with Monroe Capital Partners in 2012 for our inaugural issue, since then the company has grown its assets to $1.5 billion - a 100% increase in the last year. The firm is expected to complete $450 million in new financings over the next 75 days. We spoke with Riverside Company for the Dealmakers Q&A in our March issue.

At the same summit, the SBIA announced that Ashbrook Simon-Hartley (Ashbrook), a portfolio company of SBIA member firm Blue Sage Capital, and a provider of water and waste-water treatment solutions, has won its Portfolio Company of the Year Award. Ashbrook is based in an economically disadvantaged area of Houston, where it hires local employees. Ashbrook has additional offices and service hubs in the United States, the United Kingdom and Chile. From the time of Blue Sage’s investment in Ashbrook in 2005, to its exit in 2012, the company grew its workforce by 48%, from 160 to 237 employees.

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar