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What is the Limited Partner Council?

Chair: Chris Sears, Truist Community Capital

Members of SBIA participate in industry councils for sector-specific updates on policy and regulatory matters and educational opportunities. The LP Council convenes regularly to discuss relevant issues and time-sensitive topics. LP Council meetings often feature subject matter experts from a range of industries and fund types and offer an interactive, industry-specific forum for members to discuss topics of interest to investors.

The Small Business Investor Alliance believes in the importance of maintaining a strong and healthy alignment of General Partners and Limited Partners. Our association represents the entire lower middle market investing ecosystem, and as such represents a diverse range of institutional investors that invest in lower middle market small businesses. SBIA regularly engages with members of Congress, regulatory agencies and outside stakeholders to promote small business capital formation, often working with industry coalitions to impact tax policy and other issues that impact this class of investors.

What are Limited Partners?

In simple terms, Limited Partners (LPs) commit capital to private equity funds managed by General Partners. LPs serve as trusted financial stewards who direct critical capital into private equity investments on behalf of their beneficiaries, which may include public pensions, insurance companies, family offices, universities, and charities. LPs only receive dividends if and when a fund they invest in produces returns, often waiting years to realize returns from investments made with their capital. By legal definition, an LP is a qualified investor that has limited liability for a company's debts and restricted responsibilities for a company’s daily operations.

Industry News

House seal

SBIA applauds House passage of bipartisan Investing in All of America Act

April 30, 2024

The Small Business Investor Alliance applauds House passage of the “Investing in All of America Act of 2023” (H.R. 5333), which would reform current law to adjust leverage caps on Small Business Investment Companies to account for inflation and modernize bonus leverage for rural, low-income, and national security investments.

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House Small Business

SBIA applauds House Small Business Committee passage of bipartisan Investing in All of America Act

April 18, 2024

The Small Business Investor Alliance applauds passage of the “Investing in All of America Act of 2023” by the House Small Business Committee.

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Up Graph

March 2024 SBIC Leverage Pricing Determined

March 13, 2024

On March 13, $1,617,005,000 of SBIC debentures were priced at an interest rate of 5.035%.

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