SBA Announces First Small Business Investment Company

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Washington, April 22, 2022 (GLOBE NEWSWIRE) — The US Small Business Administration (SBA) announced today that it will host its first-ever Diversified and Emerging Fund Managers Forum for Small Investment Firms (SBICs) on April 25. The event will feature the Hon. Administrator Isabella Casillas Guzman and leaders from the institutional investor and private markets asset management community, offering insights into the evolving U.S. private markets landscape, the next generation of asset managers, and the evolution of the program SBIC. The event follows the release of the SBA’s equity action plan and reinforces the priority of the Biden-Harris administration and Administrator Guzman to advance inclusive equity in all of its programs and services. .

During the forum, attendees will have the opportunity to hear from industry leaders and explore how the SBIC program and its national network of asset managers and fund investors are working to advance a system of more inclusive capital allocation.

“For more than 60 years, SBICs have provided more than $100 billion in financing to meet the needs of America’s small businesses. The capital provided by SBICs is often not in sufficient supply from traditional sources,” said Office of Investment and Innovation associate administrator Bailey DeVries. “As asset allocators exclusively financing small American businesses, SBIC funds have a tremendous opportunity to drive reinvestment in America and build a capital allocation system as diverse as our country. We look forward to a robust forum for discussion on topics impacting how we build a more inclusive economy. »

Agenda:

(1:00-1:05 p.m.) Welcome and introduction by US Small Business Administration Administrator Isabella Guzman

Speaker: Bailey DeVries, Associate Administrator Office of Investment and Innovation, US Small Business Administration

(1:05-1:20 p.m.) Opening Remarks

Speaker: The Honorable Isabella Guzman, Administrator, US Small Business Administration

(1:20-2:05 p.m.) Session 1: The Future of Private Markets Investing and Emerging Managers

Moderator: Dana Johns, Director of Private Equity, Maryland State Retirement System

  • Mina Pacheco Nazemi, Co-Head, Barings Funds and Co-Investment Group
  • Nate Kirk, Managing Director, Everside
  • Andrea Auerbach, Global Head of Private Investments, Cambridge Associates
  • Eleanor Hsu, Co-Chief Investment Officer, Kaiser Family Foundation

(2:15-3:00 p.m.) Session 2: Are you considering the SBIC program? How it works?

Moderator: Alan Roth, Partner, Winston & Strawn

  • Stacy Harmsen, Partner, Spell Capital
  • Sengal Selassie, Chairman, Brightwood Capital Advisors
  • Della Clark, Director, Innovate Capital Growth Funds
  • Brian Matthews, Co-Founder, Culture Capital

(3:10-3:55 p.m.) Session 3: How do LPs and GPs consider diversity and ESG in private market investments?

Moderator: Jason Lamin, CEO and Founder, Lenox Park Solutions

  • Carl Jenkins, MD and Group Head, Business Finance and Community Investments, BMO Harris
  • Damien Dwin, Founder, Lafayette Square
  • Jason Powers, SBIC Licensing Manager, US Small Business Administration
  • Stacey Wittelsberger, Director, Patriot Capital

(3:55-4:00 p.m.) Closing remarks

Speaker: Bailey DeVries, Associate Administrator Office of Investment and Innovation, US Small Business Administration

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About SBA Office of Investment and Innovation

The U.S. Small Business Administration’s (SBA) Office of Investment and Innovation (OII) runs programs that provide the high-growth small business community with access to two things: financial capital and R&D funds to develop commercially viable innovations. Our work is built on public-private partnerships that help small businesses on their journey from idea to IPO. Learn more at www.sba.gov.

About the United States Small Business Administration

The United States Small Business Administration helps fuel the American dream of business ownership. As the single, go-to resource and voice for small businesses backed by the strength of the federal government, the SBA gives entrepreneurs and small business owners the resources and support they need to start, grow, or grow their business, or recover from a declared crisis. disaster. It provides services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov


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