Author: Jane Edwards|| Date Published: June 17, 2019
Washington, D.C.-based Enlightenment Capital has received clearance from the Small Business Administration to run a small business investment company fund.
œThe 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.
Virtualitics announced on LinkedIn Saturday that Nicole Diresta has been appointed vice president for public policy and planning. Diresta will oversee initiatives…
J2 Ventures has closed its $250 million Brookhaven Fund, an oversubscribed early-stage investment vehicle focused on dual-use technologies critical to…
The Department of Homeland Security’s Immigration and Customs Enforcement has started soliciting proposals for a potential two-year, $180 million contract…
The Department of Defense is conducting market research to assess industry capability and interest in supporting a planned indefinite-delivery/indefinite-quantity contract…
