Christopher J. Douglass focuses his practice on private equity and mezzanine funds, including small business investment companies (SBICs). As a member of one of the most active and recognized fund formation and SBIC practices in the United States, Mr. Douglass represents all types of private equity, mezzanine, venture capital and other investment funds. He advises funds from inception to liquidation, through the formation, offering, operations and investments and wind-down stages.
Mr. Douglass represents funds as they make, manage and exit investments and counsels the funds’ portfolio companies on a wide range of business, financing, securities and governance issues. In particular, he has significant experience representing funds that raise $500 million or less in private capital and providing these funds with effective counseling. Mr. Douglass regularly represents these funds on acquisitions and sales of control equity positions and on a variety of debt investments, with and without equity features. He uses that experience to represent privately held businesses that receive investments from private equity funds or sell to private equity funds and their portfolio companies.
Mr. Douglass’ long-time experience with the SBIC program sets him apart from other transactional lawyers in the middle-market and provides additional value to his clients. Mr. Douglass has counseled funds seeking SBIC licenses throughout the licensing process and regularly advises them on SBIC regulatory compliance matters. Mr. Douglass combines his transactional experience with his understanding of SBIC regulations in structuring and executing SBIC investments.
Additionally, Mr. Douglass counsels limited partners making investments in SBICs and other investment funds. Mr. Douglass also regularly represents both banks and funds on capital call lines of credit and leverage lines of credit. And at the end of a fund’s lifecycle, he has represented buyers and sellers in secondary portfolio sales and has advised SBICs on buyouts of the SBA’s preferred partnership interest.