7 01, 2021

SEC Updates to Targeted Relief, including Coinvestment Transactions

2021-01-07T12:40:36+00:00 January 7th, 2021|Featured, News|

WASHINGTON, D.C. (January 7, 2021) -- The SEC has released a number of updates to the targeted relief measures it has taken during the pandemic. One of these updates is related to the order issued last April regarding coinvestment transactions. While the SEC is not technically extending the applicability date of that order, it has announced it [...]

5 12, 2020

SBIA letter sent to SEC regarding Coinvestment Transactions

2021-01-07T12:39:53+00:00 December 5th, 2020|Featured, News|

WASHINGTON, D.C. (December 5, 2020) -- In April, the Securities and Exchange Commission issued an order regarding coinvestment transactions, providing temporary, conditional exemptive relief for business development companies (BDCs) to enable them to make additional investments in small and medium-sized businesses, including those with operations affected by COVID-19. On December 4, the SBIA submitted a letter to the SEC requesting an [...]

4 12, 2020

SBIA letter sent to SEC regarding AFFE

2021-01-07T13:19:13+00:00 December 4th, 2020|Featured, News|

WASHINGTON, D.C. (December 4, 2020) -- On December 4, the Small Business Investor Alliance (SBIA) submitted a letter to the Securities and Exchange Commission (SEC) regarding the agency's proposed amendments to rules that require an open-end management investment company to disclose “acquired fund fees and expenses” (AFFE). We applaud the SEC for taking into account many [...]

10 08, 2020

SBIA lauds action by the SEC to streamline reporting for BDCs

2020-09-01T11:18:01+00:00 August 10th, 2020|Featured, News|

Bipartisan bill would ensure accurate disclosure to small business investors Amendments will update and modernize mutual fund and exchange-traded fund disclosures to provide greater clarity and more consistent information regarding fees, expenses, and principal risks Washington, D.C. (August 10, 2020) – The Small Business Investor Alliance (SBIA), the premiere association representing lower middle market private [...]

25 06, 2020

Access to Small Business Investor Capital Act Introduced

2020-06-26T09:44:25+00:00 June 25th, 2020|Featured, News|

Bipartisan bill would ensure accurate disclosure to small business investors WASHINGTON, D.C. (June 25, 2020) – The Small Business Investor Alliance (SBIA), the premiere association representing Business Development Companies (“BDCs”) and lower middle market private equity and its investors, today announced that bipartisan legislation has been introduced by Rep. Brad Sherman (D-CA) and Rep. Steve Stivers (R-OH) that [...]

16 04, 2020

SBIA letter sent to the Fed and Treasury regarding Main Street Lending Program

2020-06-13T11:03:59+00:00 April 16th, 2020|Featured, News|

WASHINGTON, D.C. (April 16, 2020) -- On April 9, the Federal Reserve announced initial details of the Main Street Lending Program (MSLP), which will establish a credit facility intended for small and midsize businesses that are facing a credit squeeze in the wake of the COVID-19 pandemic. The program consists of a Main Street New Loan [...]

8 04, 2020

SEC issues emergency order for BDCs

2020-06-13T10:59:56+00:00 April 8th, 2020|Featured, News|

By BDC Council | April 8, 2020 The SEC continues to undertake operational initiatives, market-focused actions, and investor protection efforts as well as enact targeted assistance and relief in response to the effects of COVID-19. “BDCs were created to provide capital to smaller domestic operating companies that otherwise may not be able to readily access [...]

7 04, 2020

Small Business Investor Tax Parity Act Introduced

2020-06-26T09:45:24+00:00 April 7th, 2020|Featured, News|

Bill gives fair and equitable treatment to shareholders in small and medium size American businesses WASHINGTON, D.C. (April 7, 2020) – The Small Business Investor Alliance (SBIA), the leading association for lower middle market private equity and its investors, today announced that legislation has been introduced by Rep. Brendan Boyle (D-PA) and Rep. Jodey Arrington (R-TX). The bipartisan [...]

27 03, 2020

SBIA letter sent to SEC asking for regulatory relief to support capital flow into small- and medium-sized businesses

2020-06-13T10:32:41+00:00 March 27th, 2020|Featured, News|

By BDC Council | March 27, 2020 Please see the attached letter sent to the SEC on behalf of BDCs requesting temporary measures to support capital flow into small- and medium-sized businesses. “BDCs need reasonable, temporary regulatory accommodation to protect their shareholders and to fulfill their statutory mission to support small and medium-sized businesses. Without this requested relief, [...]

5 03, 2020

Bipartisan congressional letter sent to SEC on AFFE issue

2020-03-05T13:28:55+00:00 March 5th, 2020|Featured, News|

By BDC Council | March 5, 2020 Please see the attached bipartisan letter sent to the SEC by 4 senior Members of Congress including the Chair and Ranking Member of the House Financial Services Capital Markets Subcommittee. “Not only is the application of AFFE disclosure requirements to BDCs inconsistent with the statutory mandate for BDCs, it is [...]