Matters
- Led multiple transactions where a number of multi-billion dollar Farm Credit banks raised $650 million in preferred stock
- Assisted over 300 companies with applications, forgiveness, and necessity questionnaires with respect to US Paycheck Protection Program
- Represented Tampa based fund in forming form a $100 million Growth Equity Fund and a Licensed Small Business Investment Company that specializes in equity investments to qualified small businesses. Assisted the Florida based fund with a $40 million specialized, designated Opportunity Zone (OZ) fund that only makes investment in qualified opportunity zones (low income or rural location) and qualified opportunity zone businesses. All of the investors received preferred tax treatment for this community-based investment and bank investors also receive Community Reinvestment Act credit.
- Represented client on a $250 million private fund, which is a specialized fund investing in minority- and women-owned businesses. Through the work done with Polsinelli, bank investors will receive Community Reinvestment Act credit.
- Represented a mid-Atlantic based fund on a $300 million Licensed Small Business Investment Company that specializes in debt and equity investments to qualified small businesses.
- Advised Utah based fund on a $75 million Licensed Small Business Investment Company that specializes in equity investments to qualified small businesses in the technology sector. All of the bank limited partners are large financial institutions that receive Community Reinvestment Act credit for their investment in the fund.
- Represented multiple banks in making investments in over 30 different Small Business Investment Companies. In each transaction, the bank became a limited partner in the SBIC. Representation included due diligence on the SBIC, preparation of an investment memorandum, negotiation of the terms of the limited partnership agreement and negotiation of individual side letters.
