About Vlad M. Bulkin

Vlad Bulkin understands the unique needs of business development companies (BDCs) and registered closed-end funds (CEFs). From fund formation to capital raising activities, he brings industry-leading experience to clients at any stage. He has extensive transactional experience for BDCs and CEFs, including public and private securities offerings and strategic transactions.

Capital markets experience backed by strong regulatory knowledge

Vlad taps into his deep regulatory and transactional knowledge to advise a broad range of clients, including BDCs, CEFs, private investment funds and other financial services firms. For BDC and CEF clients, he is well positioned to counsel them on establishment and operational matters, as well as regulatory and compliance with the Investment Company Act of 1940 and the Investment Advisers Act of 1940. He regularly works with alternative investment managers on developing permanent capital structures for their various asset classes.

Vlad frequently works with issuers and underwriters on a broad range of public and private offerings of equity and debt securities. His experience includes initial public offerings (IPOs), Rule 144A offerings, shelf offerings, at-the-market offerings (ATMs), registered direct offerings, high-yield bond offerings, convertible debt offerings and rights offerings.

Public companies rely on Vlad to help navigate corporate governance and compliance matters. He regularly advises on Securities and Exchange Commission (SEC) reporting obligations and other securities laws, including Section 16 compliance, Rule 10b5-1 plans, the Sarbanes-Oxley Act of 2002, Rule 144 and the listing requirements of the NYSE and NASDAQ.

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Practice Focus

  • BDC and CEF formation and capital raising
  • Fund formation
  • Corporate governance, regulatory and compliance
  • IPOs and other securities offerings
  • Mergers and acquisitions

Representative Experience

  • Represented BDCs and CEFs in more than 100 public and private equity and debt offerings, both as issuer’s counsel and underwriters’ counsel, including:
  • New Mountain Finance Corporation in connection with its initial public offering, multiple subsequent equity follow-on offerings, multiple convertible note offerings, a baby bond offering and multiple private note offerings. *
  • SLR Investment Corp. in connection with its initial public offering, multiple selling stockholder offerings, an equity follow-on offering, a baby bond offering and an institutional note offering. *
  • SLR Senior Investment Corp. in connection with its initial public offering and multiple equity follow-on offerings. *
  • SCP Private Credit Income BDC LLC and SLR HC BDC LLC in connection with their respective formations and private capital raises. *
  • Golub Capital BDC, Inc. in connection with two institutional bond offerings. *
  • Nuveen Churchill Direct Lending Corp. in connection with its formation and private capital raise. *
  • NC SLF Inc. in connection with its formation and private capital raise. *
  • Oxford Square Capital Corp. in connection with multiple equity follow-on offerings, an at-the-market offering, a convertible note offering and multiple baby bond offerings. *
  • Oxford Lane Capital Corp. in connection with its initial public offering, multiple rights offerings, multiple equity follow-on offerings, multiple preferred stock offerings, multiple direct registered offerings, multiple at-the-market equity offerings and a baby bond offering. *
  • Capitala Finance Corp. in connection with its initial public offering, several baby bond offerings, a convertible note offering, an equity follow-on offering and an at-the-market equity offering. *
  • OFS Credit Company, Inc. in connection with its initial public offering, preferred stock offerings, a rights offering, an equity follow-on offering and an at-the-market equity offering. *
  • TriplePoint Venture Growth BDC Corp. in connection with a direct private placement of common stock, baby bond offering and follow-on equity offering. *
  • Capital Southwest Corporation in connection with a direct registered equity offering, a “best efforts” underwritten equity offering and an at-the-market equity offering. *
  • Newtek Business Services Corp. in connection with its initial public offering. *
  • The underwriters in connection with TriplePoint Venture Growth BDC Corp.’s initial public offering, follow-on equity offering and baby bond offering. *
  • The underwriters in connection with Triangle Capital Corp.’s multiple equity and debt follow-on offerings. *
  • Represented BDCs in strategic transactions and proxy contests, including:
  • Capitala Finance Corp. in connection with the sale of its investment adviser’s books and records to Mount Logan Management LLC. *
  • TICC Capital Corp. in connection with the sale of its investment adviser’s books and records to Benefit Street Partners, LLC and the resulting three-way proxy contest for control of TICC Capital Corp. *
  • TICC Capital Corp. in a subsequent proxy contest against TPG Specialty Lending, Inc. *
  • Allied Capital Corporation in connection with its merger with and into Ares Capital Corporation. *
* Experience prior to Katten