Location:   Public will be able to view on www.sec.gov

Date:          Tuesday, February 7, 2023

Time:          10:00 a.m. – 3:30 p.m. (ET)

10:00   Call to Order; Introductory Remarks by Commissioners

10:15   Committee Members’ Outlook: Challenges and Opportunities for Small Businesses Raising Capital in 2023

10:40  Smaller Private Companies: Alternatives to Traditional Financing

The Committee will explore revenue based financing and other alternatives to traditional bank and VC funding for small and mid-size companies that have not gone public.  

Speakers

• Damien Dwin, Founder and CEO, Lafayette Square
• Melissa Withers, Managing Partner, RevUp Capital

11:40   SEC Proposal on Private Fund Reforms

In February 2022, the Commission proposed new rules and amendments related to the regulation of private fund advisers. The Committee will hear how the proposal may impact venture capital funds and engage in discussion about the proposal.

Speakers

• Alpa Patel, Partner, Investment Funds, Kirkland & Ellis LLP
• Charles Hudson, Managing Partner & Founder, Precursor Ventures

12:40   Executive Session and Lunch Break

1:45     Smaller Public Companies: The Role of Equity Research 

The Committee will discuss the current availability of public company investment research prepared by broker-dealer firms, including what impact its availability has on liquidity for smaller public companies, who uses and pays for the analysis, how that analysis reaches investors, including retail investors, and the value of that research for investors.

Speakers

• Charles K. Bobrinskoy, Vice Chairman, Head of Investment Group and Portfolio Manager, Ariel Investments
• Amy Natterson Kroll, Partner, Morgan Lewis

3:00     Parting Perspectives

As a number of Commission-appointed Committee members conclude their four-year terms, the Committee will discuss providing a letter to the Commission to express their parting recommendations.

3:30     Wrap-up and Adjournment