Daily News: June 18, 2014

ACG NY’s Event to Focus on ‘The BDCs–From A to Z’

A panel of financial executives will examine both the basics and complexities of business development companies at a breakfast of ACG New York’s Westchester Network in Tarrytown on Friday, June 20 from 7:30 a.m. to 9:30 a.m.

A Business Development Company (BDC) is often characterized as a publically traded private equity firm that provides middle-market and small companies with access to capital all the way through the capital structure from debt to equity.

Carolyn Bentzien, managing director, Valuation Research Corporation, will moderate the panel, entitled “The BDCs–From A to Z.” Panelists will be Gregg J. Felton, president and co-chief executive officer, Full Circle Capital; Richard Petrocelli, chief accounting officer, Fifth Street Finance Corp.; Stephen Bernier, principal, Stellus Capital Management; and Scott Schuenke, chief financial and chief compliance officer, MVC Capital.

Bentzien manages client relationships and business development for Valuation Research Corporation, which provides valuation services to the financial services industry, including to alternative investment and specialty finance firms such as BDCs, SBICs, and private equity firms.

Felton is primarily responsible for Full Circle Capital’s overall investment strategies and portfolio management. He is also a managing member and chief investment officer of Full Circle Advisors and a managing member of Full Circle Service Company.

Petrocelli joined Fifth Street, one of the largest business development companies in the country by market capitalization, in March 2014. He also serves as a managing director, Finance of Fifth Street’s administrator. Petrocelli has more than 20 years of experience in investment management, private equity and corporate reorganizations.

Bernier focuses on the origination, execution, and management of middle market loans. He has 15 years of investing and finance experience. Prior to joining Stellus Capital Management at its formation in January 2012, he was a VP with the Direct Capital Group at D.E. Shaw, a global investment and technology development firm.

Schuenke originally joined MVC Capital, a business development company, in 2004 as corporate controller. Later that year he became the firm’s chief compliance officer and in 2013 was appointed CFO. He also serves on the boards of portfolio companies Vestal Manufacturing Enterprises and NPWT Corporation.

For more information about the event, click here.