SBA Announces Inaugural Small Business Investment Company Emerging Fund Manager Forum

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Media Outlet

The U.S. Small Business Administration (SBA)  today announced that it will host its first-ever Small Business Investment Company (SBIC) Diverse and Emerging Fund Manager Forum on April 25. The event will feature the Honorable Administrator Isabella Casillas Guzman and leaders across the institutional investor and private markets asset management community, offering viewpoints on the changing landscape of U.S. private markets, the next generation of asset managers, and the evolution of the SBIC Program.  The event follows the release of the SBA’s Equity Action Plan and reinforces the Biden-Harris Administration and Administrator Guzman’s priority of advancing inclusive equity in all its programs and services.

During the forum, participants will have the opportunity to hear from industry leaders and explore how the SBIC program and its national network of asset managers and fund investors are working to advance a more inclusive system of capital allocation.

“For more than 60 years, SBICs have provided over $100 billion in financing to support the needs of U.S. small businesses. The capital SBICs provide is often not in adequate supply from traditional sources,” said Associate Administrator for the Office of Investment and Innovation, Bailey DeVries. “As asset allocators exclusively financing U.S. small businesses, SBIC funds have a tremendous opportunity to drive reinvestment in America and construct a capital allocation system as diverse as our country. We look forward to a robust forum discussion on topics impacting how we build a more inclusive economy.”

Read the full article here.