SBIC License Issuance
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Issuing agencies
Abstract
Pursuant to the authority granted to the United States Small Business Administration under section 301(c) of the Small Business Investment Act of 1958, as amended, to grant Small Business Investment Company licenses under the Small Business Investment Company Program, this notice satisfies the requirement effective August 17, 2023 under 13 CFR 107.501(a) to publish in the Federal Register the names of SBICs with date of licensure and Total Intended Leverage Commitments. The following SBICs received SBIC licenses as of the date indicated below:
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 222 (Thursday, November 20, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 222 (Thursday, November 20, 2025)]
[Notices]
[Page 52480]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20461]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
SBIC License Issuance
AGENCY: U.S. Small Business Administration.
ACTION: Notice of Small Business Investment Company (SBIC) licenses.
-----------------------------------------------------------------------
SUMMARY: Pursuant to the authority granted to the United States Small
Business Administration under section 301(c) of the Small Business
Investment Act of 1958, as amended, to grant Small Business Investment
Company licenses under the Small Business Investment Company Program,
this notice satisfies the requirement effective August 17, 2023 under
13 CFR 107.501(a) to publish in the Federal Register the names of SBICs
with date of licensure and Total Intended Leverage Commitments. The
following SBICs received SBIC licenses as of the date indicated below:
------------------------------------------------------------------------
SBIC fund name Date of licensure Leverage tiers \1\
------------------------------------------------------------------------
New Mountain Finance SBIC III, 7/15/2025 2.00x
L.P............................
Dauntless Ventures SBIC-A, L.P.. 7/29/2025 1.25x
Dauntless Ventures SBIC-B, L.P.. 7/29/2025 2.00x
Snowpoint Ventures II--S&T, L.P. 7/29/2025 0.50x
New North Ventures Fund II SBIC, 7/30/2025 1.25x
L.P............................
Signal Peak Ventures IV-A, L.P.. 7/30/2025 1.25x
AE Ventures Fund III, L.P....... 7/31/2025 1.25x
BRC Fund IV, L.P................ 8/5/2025 1.00x
Blue Sage Strategic Credit Fund, 8/15/2025 2.00x
L.P............................
Hudson Ferry Capital III, L.P... 8/22/2025 1.50x
Bluhaus Small Business Fund II, 8/28/2025 2.00x
L.P............................
Michigan Capital Network Venture 9/15/2025 1.00x
Fund V, L.P....................
Argosy Investment Partners SBIC 9/16/2025 1.00x
7, L.P.........................
Courage Healthcare SBIC Fund I, 9/23/2025 1.25x
L.P............................
SBJ Elevation Fund, L.P......... 9/26/2025 2.00x
PCI III, L.P.................... 9/29/2025 2.00x
Verde Capital Partners, L.P..... 9/30/2025 2.00x
------------------------------------------------------------------------
\1\ Maximum amount of Leverage expressed as a multiple of Leverageable
Capital pursuant to 13 CFR 107.1150.
Paul Van Eyl,
Director of Policy, Office of Investment and Innovation, U.S. Small
Business Administration.
[FR Doc. 2025-20461 Filed 11-19-25; 8:45 am]
BILLING CODE 8026-09-P
</pre></body>
</html>This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.