[Federal Register Volume 59, Number 152 (Tuesday, August 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19416]


[[Page Unknown]]

[Federal Register: August 9, 1994]


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SMALL BUSINESS ADMINISTRATION

 

Zero Stage Capital V, L.P.; Filing of an Application for a 
License to Operate as a Small Business Investment Company

[Application No. 99000093]
    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Zero Stage Capital V, L.P., 101 Main Street, 17th 
Fl., Cambridge, MA 02142, 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.
    The initial investors and their percent of ownership of the 
Applicant are as follows:

------------------------------------------------------------------------
                                                           Percentage of
                          Name                               ownership  
------------------------------------------------------------------------
General Partner:                                                        
  Zero Stage Capital Associates, L.P. 101 Main Street,                  
   Cambridge, MA 02142..................................             1.0
                                                                        
Limited Partners:                                                       
  Massachusetts Bay Transportation Authority Retirement                 
   Fund, 99 Summer Street, Suite 1700, Boston MA 02110..            22.6
  Middlesex County Retirement System, New Superior Court                
   House, East Cambridge, MA 02141......................            11.3
  National Bancorp of Alaska, Inc., 301 Northern Lights                 
   Blvd., Fl. 2, Anchorage, AK 99503....................            33.9
  New Hampshire Dept. of Resources and Economic                         
   Development, 172 Pembroke Road, Concord, NH 03301....            11.3
  11 Limited Partners each owning less than 10%.........            19.9
                                                                  100.0%
------------------------------------------------------------------------

    Zero Stage Capital V, L.P. will be managed by Zero Stage Capital 
Company, Inc. The officers and directors of Zero Stage Capital Company, 
Inc. are: 

------------------------------------------------------------------------
                                                            Percentage  
            Name               Relationship to manager     ownership of 
                                                              manager   
------------------------------------------------------------------------
Gordon B. Baty.............  Secretary..................            33.3
Paul M. Kelley.............  President..................            33.3
Edward B. Roberts..........  Shareholder................            33.3
------------------------------------------------------------------------

    The applicant will begin operations with committed capital of 
approximately $8.8 million and will be a source of debt and equity 
financings for qualified small business concerns. The applicant will 
invest across the continent United States, with higher concentration in 
the Northeast and Mid-Atlantic regions.
    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 15 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 Boston, MA.

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

    Dated: July 27, 1994.
Robert D. Stillman,
Associate Adminstrator for Investment.
[FR Doc. 94-19416 Filed 8-8-94; 8:45 am]
BILLING CODE 8025-01-M