The Small Business Investor Alliance has submitted public comments to the House Ways and Means Committee Working Groups on Tax Reform. The comments discuss the tax reform goals of the lower middle market; explain how lower middle market funds are structured to prevent unnecessary tax compliance costs and make several recommendations to the committee to retain flexibility in partnership tax structures.

Tonka Bay Equity Partners, a Minnetonka, Minn.-based private equity firm, has announced that one of its principals, Molly Simmons, has been elected as chair of the board of the Small Business Investor Alliance (SBIA). Simmons has served on the SBIA board for four years.

Tonka Bay Equity Partners has appointed principal Molly Simmons as chair of the board of the Small Business Investor Alliance. Simmons has served on the SBIA board for four years, and brings over twelve years of middle market private equity experience to this role.

For one, they’re both big players in the private equity market. In fact, in the home stretch to the November election, President Barack Obama may have trouble ripping into the private equity record of Mitt Romney (should Romney secure the nomination). The Obama administration has been quickly ratcheting up its own participation in the market—and [...]

Former Small Business Investment Company program senior investment officer Kristi Craig has joined the Small Business Investor Alliance to manage business development efforts following Alliance’s recent expansion. The Small Business Investor Alliance, previously known as the National Association of Small Business Investment Companies, is an organization of lower middle market funds and investors. PRESS RELEASE [...]