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    Edwards Wildman Cited on Popularity of SBIC Funds in The Deal

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    Small business investment company funds are becoming an increasingly popular funding source for lower middle market private equity firms that want to invest in businesses with a tangible net worth of $18 million or less and average net income after taxes of $6 million or less, reported The Deal. The article, "Boost in SBIC Funds Program Will Be Boon for PE Firms," noted that according to Edwards Wildman, since 2005, Congress has authorized $3 billion of debenture leverage annually, but less than $1.9 billion has been committed in any given year.

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