The Serra Capital III (SBIC) fund officially launched fundraising efforts in July 2017 after receiving the “green-light” letter from the SBA. With a rigorous underwriting and approval process, the Serra Ventures team is very pleased to be accepted into this program and eager to begin accepting commitments. Throughout this process, we have been approached with a variety of questions. What is an SBIC Fund? Why invest in an SBIC Fund? How does the SBIC Fund differ from its sister fund, Serra Capital III? This high level white paper will address these questions - and explain why an SBIC Fund is attractive for banks and non-bank investors alike.