Tod Reichert
General Counsel / Chief Operating Officer
United States (Illinois)
Professional Status
Employed
Open to opportunities
About Me
I am a business-minded General Counsel and executive operator who works at the intersection of law, strategy and investment management. Over the course of my career, I have advised boards, executive teams and investment professionals on complex capital markets transactions, governance matters and the operational challenges that come with building and scaling investment platforms.
I currently serve as Managing Director, Chief Administrative Officer and General Counsel of OFS Capital Management, where I lead the legal and operational functions and advise executive leadership and boards on governance, regulatory strategy, litigation oversight and enterprise risk across a complex investment platform. In this role, I built and lead the firm’s internal legal department, oversee outside counsel and provide strategic guidance on matters ranging from public-company disclosure and capital markets activity to regulatory developments and institutional governance. I also provide operational leadership across the platform, ensuring that strategic objectives shaped at the executive management level are translated into tactical business plans to effectively grow and bolster the financial strength and operating efficiency of the organization. I motivate and mentor a high-performance team, building an inclusive culture so that team members can thrive and that organizational goals are met.
Previously, as General Counsel and Chief Compliance Officer of a publicly traded investment company, I advised the board and senior leadership on corporate governance, fiduciary obligations, disclosure, litigation strategy, and regulatory compliance while managing the legal and compliance functions. My work included guiding the organization through proxy contests, major strategic transactions and complex regulatory environments.
Throughout my career, I have focused on helping leadership navigate consequential decisions where legal judgment, institutional context and reputational considerations intersect. I believe the most effective general counsel translate complex legal analysis into practical guidance that enables leaders to advance ambitious goals responsibly and with confidence.
I am also engaged in corporate governance thought leadership and serve as an advisory board member for the Rutgers Law School Center for Corporate Law and Governance. I am also NACD Directorship Certified™ and hold the CERT Certificate in Cyber Oversight.
I currently serve as Managing Director, Chief Administrative Officer and General Counsel of OFS Capital Management, where I lead the legal and operational functions and advise executive leadership and boards on governance, regulatory strategy, litigation oversight and enterprise risk across a complex investment platform. In this role, I built and lead the firm’s internal legal department, oversee outside counsel and provide strategic guidance on matters ranging from public-company disclosure and capital markets activity to regulatory developments and institutional governance. I also provide operational leadership across the platform, ensuring that strategic objectives shaped at the executive management level are translated into tactical business plans to effectively grow and bolster the financial strength and operating efficiency of the organization. I motivate and mentor a high-performance team, building an inclusive culture so that team members can thrive and that organizational goals are met.
Previously, as General Counsel and Chief Compliance Officer of a publicly traded investment company, I advised the board and senior leadership on corporate governance, fiduciary obligations, disclosure, litigation strategy, and regulatory compliance while managing the legal and compliance functions. My work included guiding the organization through proxy contests, major strategic transactions and complex regulatory environments.
Throughout my career, I have focused on helping leadership navigate consequential decisions where legal judgment, institutional context and reputational considerations intersect. I believe the most effective general counsel translate complex legal analysis into practical guidance that enables leaders to advance ambitious goals responsibly and with confidence.
I am also engaged in corporate governance thought leadership and serve as an advisory board member for the Rutgers Law School Center for Corporate Law and Governance. I am also NACD Directorship Certified™ and hold the CERT Certificate in Cyber Oversight.
- Corporate Governance
- Securities Law Reporting
- Board and Disclosure Advice
- Operational Performance & Growth
- Team Collaboration & Leadership Skills
- SEC & SRO Compliance
- Risk Management
- Complex Multi-Party Negotiations
- Corporate & Organizational Restructurings
- Litigation Oversight
- Illinois
- Massachusetts
- New Jersey
- New York
- Virginia
- Advisory Board Member, Rutgers Law School Center for Corporate Law and Governance
MANAGING DIRECTOR, CHIEF ADMINISTRATIVE OFFICER / GENERAL COUNSEL
OFS CAPITAL MANAGEMENT
Since August 2016
Chicago
United States - Illinois
- Selected to assume high profile, executive role managing the legal department and providing day-to-day operational leadership and management mirroring the mission and core values of the firm. Advise on all legal aspects of the firm’s products, financings, business structures and legal entities. Design and manage the company’s internal legal function and staff. Oversee the selection, retention, management and evaluation of all outside counsel. Ensure that risk is effectively addressed in all aspects of the business.
- Responsible for the launch and ongoing maintenance of all advisory clients, including collateralized loan obligations (CLOs), business development companies, private funds and registered investment companies. Serve as corporate secretary and as chairman of disclosure committee for public reporting entities and as a member of the SBIC investment committee.
- Collaborate with executive management team to develop and execute upon effective strategies and processes designed to accommodate the rapid growth objectives of the platform. Ensure that strategic objectives shaped at the executive management level are translated into tactical business plans to effectively grow and bolster the financial strength and operating efficiency of the organization. Motivate and mentor a high-performance team. Attract, recruit and retain employees, deepening the pipeline of talent. Foster a success-oriented, accountable environment within the firm.
- Notable Projects & Proceedings:
- Trusted adviser to three public company boards of directors, responsible for day-to-day management of complex corporate governance mandates, capital markets initiatives, SEC and other regulatory rule developments and SEC disclosure.
- Improved overall employee productivity of a hybrid workforce, while simultaneously reducing operational costs by approximately 45%.
- Implemented broad sustainability program, including policies, training, investment processes, marketing and communications, reporting and analytics.
- Orchestrated relocation of Chicago headquarters, culminating in a modern office environment, state-of-the-art conference rooms and welcoming collaboration spaces designed to foster teamwork and innovation, while delivering meaningful economic savings to the firm.
- Trusted adviser to three public company boards of directors, responsible for day-to-day management of complex corporate governance mandates, capital markets initiatives, SEC and other regulatory rule developments and SEC disclosure.
GENERAL COUNSEL / CHIEF COMPLIANCE OFFICER / EXECUTIVE VICE PRESIDENT / CORPORATE SECRETARY
MCG CAPITAL CORPORATION
2008
to 2015
Arlington
United States - Virginia
- Served in executive role managing legal and compliance departments, providing securities law, disclosure, operational and transactional advice to Board of Directors and senior executives. Relied upon as strategic business partner for board and committee members, advising on portfolio company matters, fiduciary duties, disclosure issues and all aspects of corporate governance.
- Advised executive management and board members on operational improvements, litigation matters, risk assessment of business and D&O insurance. Leveraged legal and relationship management expertise while serving on MCG credit committee and SBIC investment committee, and as chairman of disclosure committee, compliance and risk committee and 401(k) committee. Developed training for employees, senior executives and board members, covering topics, including insider trading and Regulation FD. Drafted and reviewed 1933 Act registration statements, 1934 Act periodic and 1940 Act filings, U.S. Small Business Administration documentation, and S.E.C. exemptive applications and no action letters. Accountable for corporate secretary duties. Commended for building robust compliance platform, driving process improvements.
- Notable Projects & Legal Proceedings:
- Negotiated and completed the successful sale of MCG to PennantPark Floating Rate Capital Ltd., overcoming topping bid process by HC2 Holdings, Inc. and consummating the third M&A transaction in the BDC sector.
- Demonstrated exceptional creativity and strategic execution skills, managing and monetizing control company investments and implementing significant organizational cost reductions through the design of two-year restructuring plan; reduced reliance on outside counsel and external legal spending by 95%.
- Successfully defended company, circumventing hostile proxy contests three years in a row by managing Delaware and New York litigation, drafting fight letters and related proxy statements. Structured and led legal and business efforts associated with self tender offer and stock repurchase programs.
- Negotiated and completed the successful sale of MCG to PennantPark Floating Rate Capital Ltd., overcoming topping bid process by HC2 Holdings, Inc. and consummating the third M&A transaction in the BDC sector.
COUNSEL – CORPORATE DEPARTMENT
WILMER CUTLER PICKERING HALE AND DORR LLP
1997
to 2008
Boston
United States - Massachusetts
- Leveraged expertise as a corporate generalist representing both public and private companies, venture capital firms, and underwriters. Handled initial public offerings (IPOs), follow-on public offerings and shelf offerings, as well as mergers, stock and asset acquisitions and private placements of both equity and debt securities. Acted as business partner, advising boards of directors of publicly-held, private, and not-for-profit issuers on general corporate governance, fiduciary duty compliance, sentencing guidelines, transactional structuring and succession planning.
- Notable Projects & Legal Proceedings:
- Played integral role as team leader, effecting a variety of transactions for numerous technology, pharmaceuticals and life sciences issuers, including the: going private sale of Kronos Incorporated to Hellman & Friedman and JMI Equity; DoubleClick Inc. Rule 144A offering of zero coupon convertible subordinated notes; IPO and follow-on offerings by Akamai Technologies, Inc., Airvana, Inc., Intelligroup, Inc., CollaGenex Pharmaceuticals, Inc., LeMaitre Vascular, Inc. and Momenta Pharmaceuticals, Inc.; and special committee representation of Blockbuster, Inc. in connection with split-off from Viacom Inc.
- Coached, trained and mentored junior attorneys, enhancing skills on topics such as corporate transactions, federal securities laws, financing transactions, public disclosure, corporate record keeping and Section 16 compliance.
- Played integral role as team leader, effecting a variety of transactions for numerous technology, pharmaceuticals and life sciences issuers, including the: going private sale of Kronos Incorporated to Hellman & Friedman and JMI Equity; DoubleClick Inc. Rule 144A offering of zero coupon convertible subordinated notes; IPO and follow-on offerings by Akamai Technologies, Inc., Airvana, Inc., Intelligroup, Inc., CollaGenex Pharmaceuticals, Inc., LeMaitre Vascular, Inc. and Momenta Pharmaceuticals, Inc.; and special committee representation of Blockbuster, Inc. in connection with split-off from Viacom Inc.