BBK Capital Announces Final Closing of SBIC Critical Technologies Fund I at $262.5 Million, Achieving Hard Cap

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DALLAS--(BUSINESS WIRE)--Feb 20, 2026--

BBK Capital today announced the final closing of BBK Ventures Fund I, LP (the “Fund”) at $262.5 million, exceeding its target and achieving its hard cap. The Fund is licensed as a Small Business Investment Company Critical Technologies (“SBICCT”) by the U.S. Small Business Administration (“SBA”) in partnership with the Office of Strategic Capital (“OSC”).

The Fund was supported by a diverse group of institutional investors, family offices, and strategic partners, reflecting confidence in BBK Capital’s disciplined, sector-focused investment strategy aligned with national critical technology priorities.

“We are honored to be selected as an SBIC Critical Technologies licensee and grateful for the strong investor support,” said Max Korenvaes, Co-Managing Partner of BBK Capital. “Reaching our hard cap on our inaugural SBICCT fund underscores the strength of our platform and our commitment to investing in U.S.-based, mission-critical businesses.”

The SBIC Critical Technologies initiative channels private capital to small businesses operating in sectors vital to national security and economic resilience. The Fund will provide debt and equity capital to lower middle-market companies across priority critical technology areas, including aerospace & defense, advanced manufacturing, industrial technology, and related supply-chain ecosystems.

In addition to direct investments, the Fund will act as a reinvestor SBIC by making limited partner commitments to other private equity and private credit funds pursuing similar strategies within critical technology sectors.

“The SBICCT program reflects meaningful foresight by the SBA and OSC,” said Tyler Brous, Co-Managing Partner of BBK Capital. “The flexibility to invest both directly and through fund partnerships, combined with SBA-backed leverage that scales our private capital, strengthens our ability to deliver attractive risk-adjusted returns while advancing strategically important industries.”

“The SBIC Critical Technologies platform provides a differentiated vehicle to mobilize private capital toward industries critical to the United States,” added Nick Breedlove, Co-Managing Partner of BBK Capital. “We believe it positions BBK Capital to support innovation, domestic manufacturing, and long-term value creation.”

About BBK Capital

BBK Capital is a multi-strategy private investment firm based in Dallas, Texas, focused on partnering with leading private equity sponsors, lenders, management teams, and entrepreneurs to support strategic growth across Critical Technologies and Industries in America. Through BBK Ventures Fund I, LP, a licensed Critical Technologies SBIC, BBK Capital provides flexible capital solutions designed to accelerate value creation and strengthen middle-market businesses. For more information, visit www.bbkcap.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20260220384277/en/

Nick Breedlove, Co-Managing Partner ([email protected])

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES SMALL BUSINESS ASSET MANAGEMENT

SOURCE: BBK Capital

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PUB: 02/20/2026 11:58 AM/DISC: 02/20/2026 11:58 AM

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