Fair enough, this might duplicate a bit of Kenji's post and my earlier one, but here are the links mentioned. I can copy and paste on my laptop, but not the HC app on my phone, which has been tricky as there has been a fair bit of swanning away from my desk recently...
I'm hoping that this will provide the non-dilutive funding, but more importantly, link into the companies that require additive and advanced manufacturing more directly.
Stifel has a licence to operate the additive and advanced manufacturing fund (Stifel North Atlantic AM-Forward). This fund can raise private capital, and also leverage additional funds from SBA. Initial
"funding includes significant capital commitments fromindustry-leading contractors including Lockheed Martin, GE Aerospace, and ASTMInternational, among others."The press release link:
https://www.stifel.com/docs/pdf/pressreleases/2024/Stifel-SBA-Approval-for-10.22.24.pdfFrom the same press release:
The Fund’s Technical Advisory Board, apartnership between the Fund and its strategic investors, will be led by Neal Orringer, Presidentof ASTRO America and former Director of Manufacturing at the Department of Defense.Hank has been on LinkedIn in the past couple of days, liking posts from Astro (Applied Science and Technology Research Organization of America). Here are links to the posts where Hank has commented:
1.
https://www.linkedin.com/posts/markmorrissette_aerospace-defense-middlemarket-activity-7254492762010456065-I59y2.
https://www.linkedin.com/posts/astro-america_earlier-this-week-astro-president-neal-orringer-activity-7255250365959352321-w4I1There's a bit more information about this fund here:
https://astroa.org/stifel-north-atlantic-and-astro-america-announce-a-first-of-its-kind-private-equity-fund-under-new-dod-sba-initiative/
(20min delay)