Mansa Capital Management has received a Green Light letter from the US Small Business Administration (SBA) to continue its application process to obtain a license to form and operate a Small Business Investment Company (SBIC).
Green Light letters are issued by the SBA to enable firms to move toward application for licensure of a fund it manages as a Small Business Investment Corporation. The receipt of a Green Light letter does not obligate the SBA to issue a Small Business Investment Corporation license.
“While there are certainly no assurances, being Green-Lighted has some immediate advantages,” said Mansa Capital Managing Partner and Chief Investment Officer, Ruben King-Shaw Jr. “For instance, Mansa Capital will be added to the SBA’s Green Light list which verifies that Mansa Capital has completed the first phase of the SBA’s rigorous due-diligence process.”
Mansa Capital invests in companies active in the health care services and health care technology sectors that have enterprise values up to $150 million. Mansa focuses on companies as they prepare for expansion, acquisition, privatization or IPO. The firm is headquartered in Boston with offices in New York, Miami, and Dallas (www.MansaCapital.com).
“As we continue to pursue licensure, the SBA’s Green Light verifies for interested parties that we have met the Federal Government’s rigorous standards set for the fund’s management team, investment strategy, track record, administrative capabilities and prospects for long-term success. We’re pleased to have cleared the first hurdle and look forward to completing the rest of the application process in the next few months,” said James Renna, a Mansa Partner who also leads the firm’s operations and advisory group.
“We hope to leverage this heightened profile to become more visible among a broader range of prospective portfolio companies with which we might share our healthcare industry and policy expertise,” said Mansa Partner & COO, Jason Torres.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-22-14