Praesidian Capital Receives Approval for SBIC License

NEW YORK February 28, 2011 Praesidian Capital (the Firm), a leading provider of mezzanine capital for small and mid-sized companies, has announced that Praesidian Capital Opportunity Fund III (Praesidian) has received approval for a license from the United States Small Business Administration (SBA) to operate as a Small Business Investment Company (SBIC). The license allows Praesidian to obtain leverage by issuing SBA-guaranteed debentures, subject to the issuance of a capital commitment by the SBA and customary procedures. With the license, current SBA regulations permit Praesidian to issue up to $150 million in debentures.

We are very pleased to have received SBIC license approval for Praesidian Capital Opportunity Fund III, said Jason Drattell, Praesidian Capitals Managing Partner. This approval will give us an attractive long-term source of leverage and allows us to continue supporting growing, middle market businesses participating in the economic recovery.

The SBIC program is one of many financial assistance programs available through the SBA. Since 1959, SBICs have supplied equity capital, long term loans and management assistance to qualifying small businesses.

About Praesidian Capital
Praesidian Capital partners with small and mid-sized businesses, providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian Capital invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian Capital manages over $500 million in committed capital. For more information, visit