72 FR 96 pg. 28091 - Quad Venture Partners SBIC, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
Type: NOTICEVolume: 72Number: 96Page: 28091
Docket number: [License No. 02/72-0611]
FR document: [FR Doc. E7-9582 Filed 5-17-07; 8:45 am]
Agency: Small Business Administration
Official PDF Version: PDF Version
SMALL BUSINESS ADMINISTRATION
[License No. 02/72-0611]
Quad Venture Partners SBIC, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
Notice is hereby given that Quad Venture Partners SBIC, L.P., 650 Fifth Avenue, 31st Floor, New York, NY 10019, a Federal Licensee under the Small Business Investment Act of 1958, as amended ("the Act"), in connection with the Licensee's General Partner's continued role in managing the Licensee's assets after the sale of such assets to a buyer group, has sought an exemption under section 312 of the Act and section 107.730(a), self-deal which constitutes Conflicts of Interest of the Small Business Administration ("SBA") rules. Quad Ventures SBIC, Inc., the General Partner of the Licensee, proposes to continue managing the Licensee's assets, which will be acquired by a group of institutional buyers ("Buyer Group").
The management arrangement is brought within the purview of Sec. 107.730(a) of the Regulations because the Licensee's mangers will benefit from their continued management role after the sale of the portfolio to the Buyer Group. Therefore, this management arrangement constitutes a conflict of interest which requires prior SBA's approval.
Notice is hereby given that any interested person may submit written comments on the transaction, within 15 days of the date of this publication, to the Associate Administrator for Investment, U.S. Small Business Administration, 409 Third Street, SW, Washington, DC 20416.
Dated: May 8, 2007.
Jaime Guzman-Fournier,
Associate Administrator for Investment.
[FR Doc. E7-9582 Filed 5-17-07; 8:45 am]
BILLING CODE 8025-01-P