E212: Unlocking $175M: Raising Venture & Private Equity Capital with SBICs

The podcast features David Weisburd interviewing a guest about SBIC (Small Business Investment Company) funds, exploring their benefits, the licensing process, and investment opportunities. The discussion covers the three-prong test for eligible portfolio companies, the types of investors involved (banks, insurance companies, foundations, and endowments), and the returns LPs can access due to leverage. They delve into the growth of SBIC funds, the role of large platforms, and the guest's personal investments in SBIC funds, emphasizing the importance of team alignment, integrity, and wisdom when selecting GPs. The conversation also highlights changes in regulations, the SBA's diligence process, and legislative efforts to increase investment amounts, while also addressing common mistakes made by LPs and GPs in the SBIC space.