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Chevy Chase's Enlightenment Capital targets $130M for second SBA fund - The Business Journals

Reported by Bizjournals
Oct 16, 2026· 1 min read
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Key Takeaways
  • • Enlightenment Capital, a Chevy Chase, Maryland aerospace and defense investor, is seeking $130 million for its second SBIC fund, according to the Washington Business Journal.
  • • The fundraise comes as the U.S. Small Business Administration considers regulatory changes that could expand the number of companies qualifying as small businesses.
  • • The sourced material provides limited detail beyond the headline, so the target size and fund structure are the key reported facts.
Summary
Enlightenment Capital, an investor focused on aerospace and defense, is seeking $130 million for its second fund under the Small Business Administration's Small Business Investment Company (SBIC) program, according to a Washington Business Journal report by staff reporter Nate Doughty. The article was published October 16, 2026.

The fundraising effort coincides with SBA deliberations on regulatory changes that could broaden the universe of companies eligible as small businesses. A change of that kind would affect the pool of potential portfolio companies available to SBIC-licensed funds, though the reporting available does not detail the proposed rule changes or their timing.

The firm is based in Chevy Chase, Maryland. Beyond the target amount and the SBA context, the available material does not disclose fund close timing, committed capital to date, or the identities of anchor investors.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Bizjournals Chevy Chase's Enlightenment Capital targets $130M for second SBA fund - The Business Journals