Locke Lord LLP | USA | 5 Jun 2015
On June 4, 2015, the U.S. Small Business Administration (SBA) issued Memorandum #1 - 2015, Annual Recertification, regarding annual recertification…
Locke Lord LLP | USA | 9 Apr 2014
The U.S. Small Business Administration ("SBA") extended the deadline for early stage fund managers to file a Management Assessment Questionnaire…
Locke Lord LLP | USA | 9 May 2013
On May 8, 2013, the U.S. Small Business Administration ("SBA") issued Memorandum #2013-1 regarding annual recertification of the Institutional…
Locke Lord LLP | USA | 24 Feb 2012
Pursuant to the regulations governing Small Business Investment Companies (“SBICs”), an SBIC is permitted to make a controlling investment in a portfolio company.
Locke Lord LLP | USA | 17 May 2011
On May 16, 2011, the SBA issued Memorandum #2011-1 regarding annual recertification of SBIC Institutional Investors.
Locke Lord LLP | USA | 27 Apr 2011
Private fund advisers that have been exempt from registering with the SEC under the Investment Advisers Act of 1940 may not be required to comply with the registration and reporting requirements, recently proposed by the SEC in connection with Title IV of the Dodd-Frank Act, as soon as originally expected.
Locke Lord LLP | USA | 12 Jan 2011
On January 3, 2011, the SBA announced a new policy governing its approval of buyouts of active SBICs that have outstanding participating securities leverage.
Locke Lord LLP | USA | 16 Jul 2009
The American Recovery and Reinvestment Act of 2009 ("ARRA"), signed into law by President Obama on February 17, 2009, contains significant revisions to the Small Business Investment Act of 1958 (the "Act"), which governs Small Business Investment Companies ("SBICs").