Notice2026-10339

Brightwood Capital SBIC III, LP, Brightwood Capital SBIC IV, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

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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.

Published
May 22, 2026

Issuing agencies

Small Business Administration

Full Text

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<title>Federal Register, Volume 91 Issue 99 (Friday, May 22, 2026)</title>
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[Federal Register Volume 91, Number 99 (Friday, May 22, 2026)]
[Notices]
[Pages 30359-30360]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-10339]


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SMALL BUSINESS ADMINISTRATION

[License No. 02020702; License No. 04045175]


Brightwood Capital SBIC III, LP, Brightwood Capital SBIC IV, LP; 
Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Brightwood Capital SBIC III, LP and 
Brightwood Capital SBIC IV, LP, 810 Seventh Avenue, 26th Floor, New 
York, New York 10019, Federal Licensees under the Small Business 
Investment Act of 1958, as amended (``the Act''), in connection with 
financings of a small business, has sought an exemption under Section 
312 of the Act and 13 CFR 107.730, Financings which Constitute 
Conflicts of Interest of the Code of Federal Regulations. Brightwood 
Capital SBIC III, LP and Brightwood Capital SBIC IV, LP propose to 
provide financing to Image One Industries, LLC, 677 Dunksferry Rd., 
Bensalem, PA 19020, to support the company's growth.
    The financing is brought within the purview of 13 CFR 107.730(a) of 
the regulations because BCOF Capital V, LP, BW Credit Unlevered 
Holdings SCSp, Brightwood Capital MM CLO 2023-1, Ltd., and Brightwood 
Capital MM CLO 2024-2, Ltd. are Associates of Brightwood Capital SBIC 
III, LP and Brightwood Capital SBIC IV, LP due to Common Control and 
collectively own more than ten percent of Image One Industries, LLC. 
Therefore, this transaction is considered a financing which constitutes 
a conflict of interest.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within fifteen days of the date of 
this publication, to the Associate Administrator, Office of Investment 
and Innovation, U.S. Small Business

[[Page 30360]]

Administration, 409 Third Street SW, Washington, DC 20416.

Paul Salgado,
Director, Investment Portfolio Management, Office of Investment and 
Innovation.
[FR Doc. 2026-10339 Filed 5-21-26; 8:45 am]
BILLING CODE 8026-09-P


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Indexed from Federal Register on May 22, 2026.

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