Federal Register #License No. 04045175

Regulatory Notice: SBA Exemption Request for Brightwood Capital SBIC IV, LP Financing Transaction

This notice from the U.S. Small Business Administration (SBA) concerns a regulatory exemption request related to a financing transaction: - Government Buyer: - U.S. Small Business Administration (SBA) - Contracting office located at 409 Third Street SW, Washington, DC - Involved Parties: - Brightwood Capital SBIC IV, LP (licensed Small Business Investment Company) - The Smith and Oby Holding Company - Associated entities: BCOF V SPV2, LLC; Brightwood Capital Fund V SPV 3, LLC; Brightwood Capital Fund VU, LP; Brightwood Capital MM CLO 2025 1, Ltd.; Brightwood Capital Offshore Fund IVU, LP; BCOF Capital V, LP; Brightwood Capital Advisors, LLC - Purpose: - Exemption sought under Section 312 of the Small Business Investment Act - Conflict of interest arises as associates of Brightwood Capital SBIC IV, LP collectively own more than ten percent of The Smith and Oby Holding Company - Notable Requirements: - No products or services are being procured - Notice is regulatory and invites public comments on the exemption request - Locations: - SBA headquarters, Washington, DC - Federal Register Office - No procurement, contract value, or period of performance is specified

Description

Brightwood Capital SBIC IV, LP, a licensed Small Business Investment Company (SBIC), is seeking an exemption under Section 312 of the Small Business Investment Act related to conflicts of interest. The exemption concerns financing provided to The Smith and Oby Holding Company, where certain associates of Brightwood Capital SBIC IV, LP own more than ten percent of the company, creating a conflict of interest under SBA regulations. The notice invites interested persons to submit written comments on the transaction within fifteen days of publication. This is a regulatory notice rather than a procurement opportunity.

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