Stifel Receives Final Approval For Private Equity Fund Aimed At Investing In National Security Supply Chain, Designed To Provide Capital To Small And Mid-Sized American Manufacturers In The Aerospace And Defense Industries
Portfolio Pulse from Benzinga Newsdesk
Stifel Financial Corp. has received final federal approval for its Stifel North Atlantic AM-Forward Fund, aimed at investing in small and mid-sized American manufacturers in the aerospace and defense industries. The fund has earned an SBIC license, allowing it to leverage SBA support.
October 22, 2024 | 1:16 pm
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Stifel Financial Corp. has received final approval for its private equity fund focused on aerospace and defense, enhancing its investment capabilities with an SBIC license.
The approval of the fund and the SBIC license allows Stifel to leverage additional capital, potentially increasing its investment reach and influence in the aerospace and defense sectors. This development is likely to positively impact Stifel's stock in the short term as it enhances its growth prospects.
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