[Federal Register Volume 59, Number 102 (Friday, May 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12920]


[[Page Unknown]]

[Federal Register: May 27, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000098]

 

Furman Selz SBIC, L.P.; Filing of an Application for a License To 
Operate as a Small Business Investment Company

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Furman Selz SBIC, L.P., 230 Park Avenue, New York, 
New York 10169, for a license to operate as a small business investment 
company (SBIC) under the Small Business Investment Act of 1958, as 
amended, (15 U.S.C. et seq.), and the Rules and Regulations promulgated 
thereunder. Furman Selz SBIC, L.P. is a Delaware limited partnership.
    Furman Selz SBIC, L.P. will be managed by Brian P. Friedman, on 
behalf of its general partner, Furman Selz Investments Inc., located at 
the same address as the applicant. Employees of Furman Selz Holding 
Company beneficially own over 90 percent of Furman Selz Investments 
Inc. with the remainder of the company beneficially owned by Xerox Inc. 
No individual beneficially owns 10 percent or more of Furman Selz 
Investments Inc. The officers and directors of Furman Selz Investments 
Inc. are:

Name and Title

Edmund A. Hajim--Chairman and Director
Brian P. Friedman--President and Director
Roy L. Furman--Director
Leopold Swergold--Director
Steven D. Blecher--Vice Pres., Treasurer, Secretary
Elizabeth Q. Solazzo--Assistant Secretary

    All the officers and directors of Furman Selz Investments Inc. are 
employees of Furman Selz Holding Company, 230 Park Avenue, New York, 
New York 10169.
    The general partner owns one percent (1%) of the applicant. The 
remainder of the applicant is owned by its limited partner, Furman Selz 
Investors, L.P. The following investors own 10 percent or more of the 
applicant's Regulatory Capital through their investment in the limited 
partner:

Xerox Financial Services, Inc., 800 Long Ridge Road, Stamford, 
Connecticut 06904.
Fidelity National Financial, 2100 SE. Main Street, Irvine, California 
92714.

    The applicant will have Regulatory Capital of $22.5 million. It 
will be a source of equity financing for qualified small business 
concerns throughout the United States.
    Matters involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owners 
and management, and the probability of successful operations of the new 
company under their management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is hereby given that any person may, not later than 30 days 
from the date of publication of this notice, submit written comments on 
the proposed SBIC to the Associate Administrator for Investment, Small 
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in New York, New York.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies)

    Dated: May 20, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-12920 Filed 5-26-94; 8:45 am]
BILLING CODE 8025-01-M