SBA: NYC Investment Firm Names Small Business Investment Company of the Year

WASHINGTON – Deerpath Capital Management, LP of New York City, has been named the 2017 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration.  Deerpath, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part of National Small Business Week in Washington, D.C., on April 30.  SBA Administrator Linda McMahon will be presenting all awards.

The SBIC of the Year award is administered by the SBA’s Office of Investment.  This office was established under the Small Business Investment Act of 1958 at a time when no private equity industry existed in the United States. Almost 60 years later, the office manages the current Small Business Investment Company (SBIC) program, which operates as a fund of funds by providing U.S. taxpayer guaranteed long-term loans to SBA-licensed SBICs. The SBICs use these taxpayer guarantees and privately raised funds to independently provide capital, primarily in the form of subordinated debt with equity enhancements, to qualifying small businesses.

As of March 20, 2017, the SBIC program had a portfolio of 317 active SBICs with total outstanding and committed U.S. taxpayer guaranteed capital of approximately $14.6 billion, as well as a portfolio of 105 failed SBICs with associated taxpayer capital and assets of approximately $800 million.

To learn more about the SBIC program, visit www.sba.gov/sbic.

Small Business Investment Company (SBIC) Awardee

James H. Kirby
CEO & Director
Deerpath Capital Management, LP
405 Lexington Avenue, 53rd Floor
New York, NY  10174

Deerpath Capital Management, LP was founded in 2007 by three principals who still lead the firm today—Gary Wendt, James Kirby and John Fitzgibbons. Deerpath is a leading provider in senior debt financing to lower-middle market companies in the U.S. across a diverse range of industries including: technology, healthcare, business services, consumer/retail, distribution, niche manufacturing, energy services and financial services.  The firm has offices in New York, Fort Lauderdale, Houston, Los Angeles and Chicago, run by a robust senior investment team with strong origination, credit, transaction execution and portfolio management skills.

Across its four funds, Deerpath has completed almost 200 investments, deploying more than $1.4 billion in invested capital.  Deerpath currently manages three SBIC partnerships and approaches each investment as an opportunity to establish long-term relationships with private equity sponsors, management teams and entrepreneurs.

Each year since 1963, the president has issued a proclamation calling for the celebration of National Small Business Week.  This year National Small Business Week will be recognized April 30 – May 6, with events planned in Washington, D.C., New York City, Indianapolis, Dallas and Fresno, California. For more information on the national events, visit www.sba.gov/nsbw.

Leave A Comment?

You must be logged in to post a comment.