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BBK Capital announced the closing of its SBIC Critical Technologies Fund I at $262.5 million, exceeding its target and reaching its hard cap. The fund, licensed by the U.S. Small Business Administration, includes $87.5 million from private investors and can access up to $175 million in SBA leverage.

It aims to provide debt and equity capital to lower middle-market companies in critical technology sectors, such as aerospace, defense, and advanced manufacturing. Additionally, the fund will make limited partner commitments to other funds in similar sectors, enhancing its investment capacity.