First In Announces Final Closing of SBIC Critical Technologies Fund 3 with $148 Million of Investable Capital
N-able, Inc. (NABL)
Company Research
Source: Business Wire
Licensed by the U.S. Small Business Administration as an SBIC Critical Technologies Fund to Invest in Early-Stage Security Technology Companies HOBE SOUND, Fla.--(BUSINESS WIRE)--First In today announced the oversubscribed final closing of First In Fund 3 SBIC Critical Technologies, LP, a fund licensed as a Small Business Investment Company Critical Technologies (“SBIC-CT”). The fund closed with investor commitments and SBA-guaranteed leverage of $148 million and will focus its investments in early-stage security technology businesses.First In was approved by the U.S. Small Business Administration (“SBA”) as an SBIC-CT licensee as part of the federal government’s effort to expand private investment into sectors essential to U.S. national security and economic resilience. The SBIC-CT program, administered in coordination with the Office of Strategic Capital (“OSC”), is designed to mobilize private capital investment in small businesses operating in high-priority technology sectors.“
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