Rochefort Management — a joint venture between Kyle Bass's Hayman Capital Management and Serengeti Asset Management — was selected as an approved manager under the SBIC Critical Technology Initiative, authorised to provide capital to fast-growing small businesses tied to economic and national security. Rochefort said the initiative is projected to invest more than $4 billion into 1,000-plus companies, and described itself as one of the only managers authorised to provide debt capital against the DoD's 14 Critical Technology Areas.