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 extension of the coinvestment order and we will continue to push the SEC to make the relief outlined in the April order permanent.
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 on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.