SBIC Funds Seek Waiver to Invest in Their Own Portfolio Company
Published Date: 5/22/2026
Notice
Summary
Brightwood Capital SBIC III and IV want to give money to Image One Industries to help it grow, but because some related companies already own a big chunk of Image One, this deal counts as a conflict of interest. They’re asking for a special exemption to make this financing happen. People have 15 days from May 22, 2026, to share their thoughts before the final decision.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Exemption sought for SBIC financing
Brightwood Capital SBIC III, LP and Brightwood Capital SBIC IV, LP asked the Small Business Administration for an exemption under Section 312 and 13 CFR 107.730 so they can provide financing to Image One Industries, LLC even though related entities collectively own more than 10% of Image One. Interested persons may submit written comments within fifteen days of May 22, 2026 (deadline June 6, 2026) to the Associate Administrator, Office of Investment and Innovation at the U.S. Small Business Administration, 409 Third Street SW, Washington, DC 20416.
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