Washington, D.C.-based Enlightenment Capital has received clearance from the Small Business Administration to run a small business investment company fund.
“The SBIC license is a significant achievement for Enlightenment and aligns well with our investment strategy,” Devin Talbott, managing partner and founder of Enlightenment Capital, said in a statement issued Monday.
Talbott added the SBIC will allow the private investment firm to broaden its efforts to team up with best-in-class management groups and provide strategic platforms to middle-market firms supporting government missions.
The license provides Enlightenment access to SBA leverage needed to expand its capacity to invest in small- and mid-sized companies in the aerospace, defense and government markets.
The SBA approval came a month after Enlightenment Capital raised $250M in capital commitments for its third flagship fund, exceeding its $200M target.