09:37 AM EDT, 10/22/2024 (MT Newswires) -- Stifel Financial ( SF ) said Tuesday that it has received final federal approval for its Stifel North Atlantic AM-Forward Fund.

The company said the private equity fund will invest in small and mid-sized American aerospace and defense manufacturers, with a focus on the US supply chain.

Stifel also said the fund has received a Small Business Investment Company license from the Small Business Administration and is eligible for SBA leverage, which can supplement private capital.

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