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Turning Crisis into Strategy: Contracts, projects and disputes at a global chokepoint
Our U.S. Investment Funds practice is widely recognized for its deep and comprehensive expertise in Small Business Investment Companies (SBICs). We are proud to be one of the few firms with a truly market-leading SBIC platform, advising sponsors, fund managers, and institutional investors on the full lifecycle of SBIC-related activities, including structuring, licensing, fund formation, fund maintenance, regulatory compliance, investments, and liquidation matters.
We have represented standalone SBICs, drop-down SBICs, and leveraged and non-leveraged SBICs. We have represented a significant number of larger investment firms managing multiple funds who look to us to help guide them in their efforts to add an SBIC to their investment products.
Our work spans a broad range of industries, including business services, consumer products and retail, energy, environmental and waste services, logistics, manufacturing, renewables, technology, telecommunications, and transportation.
Our dedicated team of experienced fund formation, corporate and securities, tax, banking, regulatory, lending, and M&A and private equity lawyers specialise in the Small Business Investment Act, the Securities Act, the Investment Company Act, the Investment Advisers Act, ERISA, tax, bank regulatory matters, acquisitions and sales, financing, and equity investments.
Key contacts
Representative experience
Firmament Group on several vehicles, including its two most recent SBIC funds of debt and structured equity investment funds.
Avante Capital as initially SBIC counsel and ultimately fund formation counsel for the women- and minority-owned private credit and structured equity firm’s two most recent SBICs.
Ironwood Capital on several debt and minority equity funds, including its most recent SBIC and non-SBIC parallel funds.
Multiplier Capital in connection with several of its venture debt funds, including its most recent SBIC.
Stonehenge Community Development on its impact fund structure, which included an SBIC fund.
GPCP Management on its first SBIC, including both licensing and formation.
Boundary Street Capital on the formation of two SBICs.
Siguler Guff & Company on its two SBIC credit funds.
Five Points Capital on the formation of its fourth private credit fund and fifth private equity fund, which both invest in lower-middle market U.S. companies.
Dauntless on the formation of two SBICCT funds.
