[Federal Register Volume 59, Number 108 (Tuesday, June 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-13794]


[[Page Unknown]]

[Federal Register: June 7, 1994]


-----------------------------------------------------------------------


SMALL BUSINESS ADMINISTRATION
 

Canaan S.B.I.C., L.P. (Application No. 99000118); Notice of 
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 Canaan S.B.I.C., L.P., 105 Rowayton Avenue, 
Rowayton, Connecticut 06853, 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. In addition to its main office in 
Rowayton, Connecticut, the applicant will have a branch office at 2884 
Sand Hill Road, Menlo Park, California 94025. Canaan S.B.I.C., L.P. is 
a Delaware limited partnership.
    The general and limited partners of Canaan S.B.I.C., L.P., and the 
ownership interest of entities owning 10 percent or more of the 
applicant are as follows: 

------------------------------------------------------------------------
                                                               Ownership
                     Name                           Type of     interest
                                                   partner     (percent)
------------------------------------------------------------------------
Harry T. Rein..................................  General.....           
James J. Fitzpatrick...........................  General.....           
David C. Fries.................................  General.....           
Stephen L. Green...............................  General.....           
Gregory Kopchinsky.............................  General.....           
Robert J. Migliorino...........................  General.....           
Alan E. Salzman................................  General.....           
Eric A. Young..................................  General.....           
Canaan Capital Limited Partnership, 105          Limited.....       10.4
 Rowayton Avenue, Rowayton, Connecticut 06853.                          
Canaan Capital Offshore L.P., c/o ABN Bank       Limited.....      86.6 
 Trust Company, Pietermaai 15, Willemstad,                              
 Curacao, The Netherlands Antilles.                                     
------------------------------------------------------------------------

    No individual, or entity other than those listed above, will 
beneficially own 10 percent or more of the applicant.
    Canaan S.B.I.C., L.P. will be managed by its investment advisor, 
Canaan S.B.I.C., Inc., located at the same address as the applicant. 
The officers and directors of the investment advisor are: 

------------------------------------------------------------------------
               Name                                 Title               
------------------------------------------------------------------------
Harry T. Rein......................  President and Director.            
James J. Fitzpatrick...............  Vice President.                    
David C. Fries.....................  Vice President.                    
Stephen L. Green...................  Vice President.                    
Gregory Kopchinsky.................  Vice President.                    
Robert J. Migliorino...............  Vice Pres., Secretary, Treasurer.  
Alan E. Salzman....................  Vice President.                    
Eric A. Young......................  Vice President.                    
Guy M. Russo.......................  Controller.                        
------------------------------------------------------------------------

    All these individuals are employees of the Canaan entities, and 
have business offices at the Towayton, Connecticut or Menlo Park, 
California addresses. Mr. Kopchinsky will manage the day to day 
operations of Canaan S.B.I.C., L.P.
    The applicant has Regulatory Capital of $15.0 million. It will be a 
source of equity financings for qualified small business concerns, and 
will invest primarily in the Northeast and West Coast regions of 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 Rowayton, Connecticut.

(Catalog of Federal Domestic Assistance Programs No. 59.001, Small 
Business Investment Companies)

    Dated: June 1, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-13794 Filed 6-6-94; 8:45 am]
BILLING CODE 8025-01-M