Why The SBIC Doesn’t Work For Venture Capital Anymore
Feld Thoughts
JULY 28, 2014
Each of the SBIC funds were raised in the 2000 – 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. The US government, however, lost most of the $2 billion it put into SBIC firms.”
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