Specialty finance company CapX Partners has closed its latest fund with total commitments of $225 million. CapX IV closed at the end of 2012 with $75 million of private capital. With its SBIC Debenture License, CapX IV now has access to an additional $150 million in debenture leverage funding from the SBIC.
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With capital scarce, venture capital and private equity firms are increasingly turning to the federal government’s Small Business Investment Co. (SBIC) program as a source of funding. In fact, this may be one of the best times to apply for SBIC funding, since the economic stimulus bill increased the maximum amount of combined SBIC leverage [...]
Investors whose funds are registered as SBICs (Small Business Investment Companies) have something to cheer, and something to fret about, under the Obama administration’s new stimulus bill, signed into law last month. The good news first: as some readers will already know, the amount that the SBA allowed firms to borrow will see a modest increase. Prior, the [...]