The Small Business Investor Alliance (SBIA), the leading association for lower middle-market private equity funds and investors, applauds the decision by the SEC to provide regulatory relief to Business Development Companies. The SEC guidance update relaxes certain restrictions on co-investment transactions by BDCs and their affiliates.  The new guidance is a small but important step by the SEC to be more flexible. 
 
“BDCs are important capital providers. Removing roadblocks to investing can only help the flow of capital to small and medium businesses,” said Brett Palmer, President of the SBIA.  “We encourage the SEC to modernize BDC regulations and replace other outdated restrictions. We will be working with the SEC and with the incoming Congress to update a host of other BDC regulations.”
 
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle-market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for more than 50 years.