SBIC / RBIC Fund Services

Administer SBIC / RBIC Funds With Industry-Leading Expertise

Small Business Investment Companies (SBIC) are attractive investment funds, enabling General Partners to access government leverage at low rates that enhance returns. SBIC funds also come with more complex administrative, reporting and compliance requirements, and those requirements are changing all the time.

Rural Business Investment Company (RBIC) are investment funds licensed by the USDA to help promote economic development and creates wealth and job opportunities among individuals living in rural areas and help to meet the equity capital investment needs primarily of smaller enterprises located in such areas.

Download the Solution Sheet for more information on PEF’s services for SBIC funds. See how we help our clients enhance control, visibility, and decision making.

Industry-Leading Expertise

With deep roots in the SBIC community, a high-touch approach to service, and a best-of-breed technology platform to support you and your investors, PEF helps firms meet complex SBIC fund reporting and compliance requirements confidently.

PEF’s SBIC Fund Administration Benefits

  • Customized solutions that align with your workflow
  • Efficient, cost-effective support
  • A dedicated, experienced client services team
  • Consistent, accurate financial reporting
  • Industry-leading technology to streamline investment data collection
  • A fund accounting platform customized for SBA reporting
  • Investor portal with 24/7 data access for you and your investors

Above the surface, PEF’s SBIC clients work with an experienced team of professionals supported by Service Level Agreements, weekly update calls, and customized LP and GP portals.

Below the surface, there is much more than what meets the eye.

Our SBIC Services

SBA Reporting & Compliance

  • Fund Accounting
  • Forms 468, 1031 and 1031A
  • Capital Certificates
  • Commitment Applications
  • Leverage Draw Requests
  • SBA Exam schedules and support
  • SBA Year End Audit Support
  • Ongoing Regulatory Analysis and Support

Fund Administration

  • Partnership Accounting
  • Form 1099s
  • Management Fee Calculations
  • Waterfall Modeling
  • Financial Statements and Capital Statements
  • GAAP and SBA Audit Support
  • Capital Calls and Distributions
  • Investor Services
  • Investor Portal Support and Maintenance
  • AML/KYC and ongoing investor screenings
  • Fund Raising Data Room

SBIC Fund Services

Our specialized services for Small Business Investment Companies (SBICs) include:

  • Prepare Forms 468, 1031 and 1031A
  • Preparing exam schedules for SBA Exams
  • Prepare Capital certificates
  • Prepare leverage draw packages and commitment applications
  • Provide consultation on wind-up, licensing, compliance, modeling, and analysis

SBIC Consulting

  • Financial Modeling and Projections
  • Distribution Analysis
  • Liquidation Strategies and Fund Wind-Up
  • Pre-Licensing MAQ and PPM review

Specialized SBIC Consulting

PEF was one of the first fund administrators to support SBIC funds, and we continue to provide leading expertise for this complex and highly regulated fund type. Our team includes specialists with decades of experience in the SBIC industry. Consulting areas include:

Fund Wind-Up Services

  • Perform fund wind-up modeling
  • Assist in negotiations with SBA
  • Collect and analyze investor identity documentation
  • Develop secondary sales and fund liquidation strategies

The Definitive Guide to SBIC Fund Administration White Paper

As recent as two decades ago, few firms outside of the hedge fund market would have considered outsourcing fund administration. But as industry pressures have transformed this back-office function, outsourced fund administration has become a viable option for funds of every size and type, including venture, buyout, debt, real estate, SPVs, fund of funds, and more.

This white paper examines some of the top considerations informing the decision to outsource fund administration, provides key criteria to apply to the task of selecting a fund administrator, and provides a useful checklist for evaluating the capabilities and cultural fit of shortlisted fund administration partners.

PEF Services White Paper: The Definitive Guide to SBIC Fund Administration

White Paper: The Definitive Guide to SBIC Fund Administration

More than 50 Years of Collective Involvement in the SBIC Program

In the past decade, the private capital industry has changed—and grown—dramatically.

As the pace of change accelerates, a growing number of investment firms of every size and type are rethinking their back-office strategy…and turning to outsourced fund administration.

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