7 05, 2021

Chairman Gensler on AFFE

2021-05-28T09:22:10+00:00 May 7th, 2021|Featured, News|

WASHINGTON, D.C. (May 7, 2021) -- SEC Chairman Gary Gensler testified before the House Financial Services Committee in a hearing intended to examine the trading frenzy in GameStop and other stocks earlier this year. SBIA engaged Rep. Bill Huizenga (R-MI), the ranking member of the Capital Markets Subcommittee, to raise the AFFE issue during the hearing. With [...]

30 04, 2021

SEC Commissioner’s Small Business Capital Formation Comments

2021-05-28T09:22:27+00:00 April 30th, 2021|Featured, News|

WASHINGTON, D.C. (April 30, 2021) -- SEC Commissioner Hester M. Peirce released remarks from the SEC Small Business Capital Formation Advisory Committee meeting. Read remarks > ###   About the Small Business Investor Alliance (SBIA) The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works [...]

20 04, 2021

Sen. Pat Toomey: The Continued Need for Capital Formation

2021-05-28T09:22:47+00:00 April 20th, 2021|Featured, News|

WASHINGTON, D.C. (April 19, 2021) -- During a conversation with the U.S. Chamber's Center for Capital Markets Competitiveness TV, U.S. Sen. Pat Toomey (R-PA) discussed the role of public policy in supporting capital formation for entrepreneurs and increasing investment opportunities. Watch Sen. Toomey’s segment (beginning to minute 27:00) > ###   About the Small Business Investor Alliance (SBIA) [...]

20 04, 2021

[Video] SBIA Speaks with SEC Commissioner Hester Pierce on AFFE and other Top BDC Priorities

2021-04-28T14:09:36+00:00 April 20th, 2021|Featured, News|

WASHINGTON, D.C. (April 20, 2021) -- Members of the Small Business Investor Alliance were privy to a candid Q&A with SEC Commissioner Hester Peirce on Tuesday, April 20. The Commissioner shared her views on agency priorities under incoming Chairman Gary Gensler as well as her thoughts on a number of issues important to private equity, including [...]

5 03, 2021

“No-Action” Enforcement Relief Extension for Co-investment Transactions

2021-04-28T14:10:15+00:00 March 5th, 2021|Featured, News|

WASHINGTON, D.C. (March 5, 2021) -- The Securities and Exchange Commission (SEC) has updated some of the targeted COVID-relief measures it put in place last spring. Of particular note is an extension of the “no-action” enforcement relief for co-investment transactions through March 31, 2022. SBIA will continue to push the SEC to permanently allow BDCs to engage in co-investment transactions. The SEC [...]

7 01, 2021

SEC Updates to Targeted Relief, including Co-investment Transactions

2021-04-28T14:08:10+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 co-investment transactions. While the SEC is not technically extending the applicability date of that order, it has announced it [...]

17 01, 2018

BDC Council Advocates AFFE Fix from SEC

2018-07-31T16:13:56+00:00 January 17th, 2018|Featured, News, Press Releases|

By SBIA | January 17, 2018   SBIA’s BDC Council is pleased to share formal recommendations with the SEC for a series of reforms to improve capital access and market efficiency for middle market and lower middle market businesses.  In a letter to SEC Chair Jay Clayton, BDC Council Executive Director Tonnie Wybensinger and Council [...]