SEC Government-Business Forum on Small Business Capital Formation

WASHINGTON, D.C. (May 21, 2021) — During its annual SEC Government-Business Forum on Small Business Capital Formation the SEC solicits ideas for helping small and middle market businesses raise capital. SBIA has submitted a letter to the SEC’s Small Business Capital Formation Advocate to reiterate our call for the SEC to provide a fix for the acquired fund fees and expenses (AFFE) issue by allowing acquiring funds to disclose AFFE in a footnote to the fee table. Additionally, we urged the SEC to permanently allow BDCs to engage in co-investment transactions and for preferred stock to count as equity for purposes of asset coverage requirements. SBIA also included recommendations for reforms to the accredited investor and JOBS Act solicitation rules. SBIA will be monitoring the recommendations that come out of the forum.

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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 or call (202) 628-5055.

2022-03-15T11:53:03+00:00 May 21st, 2021|News|