# SBIC License Issuance
**AGENCY:**
U.S. Small Business Administration.
**ACTION:**
Notice of Small Business Investment Company (SBIC) licenses.
**SUMMARY:**
Pursuant to the authority granted to the United States Small Business Administration under section 301(c) of the Small Business Investment Act of 1958, as amended, to grant Small Business Investment Company licenses under the Small Business Investment Company Program, this notice satisfies the requirement effective August 17, 2023 under 13 CFR 107.501(a) to publish in the *Federal Register* the names of SBICs with date of licensure and Total Intended Leverage Commitments. The following SBICs received SBIC licenses as of the date indicated below:
| SBIC fund name | Date of licensure | Leverage tiers |
| --- | --- | --- |
| New Mountain Finance SBIC III, L.P | 7/15/2025 | 2.00x |
| Dauntless Ventures SBIC-A, L.P | 7/29/2025 | 1.25x |
| Dauntless Ventures SBIC-B, L.P | 7/29/2025 | 2.00x |
| Snowpoint Ventures II—S&T, L.P | 7/29/2025 | 0.50x |
| New North Ventures Fund II SBIC, L.P | 7/30/2025 | 1.25x |
| Signal Peak Ventures IV-A, L.P | 7/30/2025 | 1.25x |
| AE Ventures Fund III, L.P | 7/31/2025 | 1.25x |
| BRC Fund IV, L.P | 8/5/2025 | 1.00x |
| Blue Sage Strategic Credit Fund, L.P | 8/15/2025 | 2.00x |
| Hudson Ferry Capital III, L.P | 8/22/2025 | 1.50x |
| Bluhaus Small Business Fund II, L.P | 8/28/2025 | 2.00x |
| Michigan Capital Network Venture Fund V, L.P | 9/15/2025 | 1.00x |
| Argosy Investment Partners SBIC 7, L.P | 9/16/2025 | 1.00x |
| Courage Healthcare SBIC Fund I, L.P | 9/23/2025 | 1.25x |
| SBJ Elevation Fund, L.P | 9/26/2025 | 2.00x |
| PCI III, L.P | 9/29/2025 | 2.00x |
| Verde Capital Partners, L.P | 9/30/2025 | 2.00x |
Paul Van Eyl,
Director of Policy, Office of Investment and Innovation, U.S. Small Business Administration.