Department of Defense and U.S. Small Business Administration Announce First Licensed and Green Light Approved Funds for the Small Business Investment Company Critical Technology Initiative

The Department of Defense (DoD) and the U.S. Small Business Administration (SBA) today announced the first group of Small Business Investment Company (SBIC) Licensees and Green Light Approved investment funds approved under the Small Business Investment Company Critical Technology Initiative (SBICCT Initiative). This first group collectively plans to invest over $2.8 billion into over 1,000 portfolio companies. The SBICCT Initiative's primary objective is to attract and scale private investment into technology areas critical to economic and national security. Funds licensed under the SBICCT Initiative are eligible for access to SBA guaranteed loans designed to enhance fund-level investment r...