[Federal Register Volume 59, Number 157 (Tuesday, August 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-20061]


[[Page Unknown]]

[Federal Register: August 16, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000082]

 

RFE Investment Partners V, 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 RFE Investment Partners V, L.P., 36 Grove Street, 
New Canaan, Connecticut 06840 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. RFE Investment Partners V, L.P. is 
a limited partnership formed under Delaware Law. Its principal area of 
operation is the eastern half of the United States and, on a selected 
basis, throughout the United States.
    RFE Investment Partners V, L.P. will be managed by RFE Management 
Corporation, located at 36 Grove Street, New Canaan, Connecticut 06840. 
The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                              ownership 
------------------------------------------------------------------------
State Treasurer of the State of Michigan, Custodian of the              
 Michigan Public School Employees' Retirement System, State             
 Employees' Retirement System, Michigan State Police                    
 Retirement System, and Michigan Judges' Retirement System.         30.0
The Northern Trust Company as Trustee for the Allied                    
 Corporation Master Pension Trust..........................         22.4
The Retirement and Security Program for Employees of the                
 National Rural Electric Cooperative Association and its                
 Member Systems............................................         14.0
Fleet Growth Resources, Inc................................         11.9
------------------------------------------------------------------------

    The Applicant will begin operations with an initial capitalization 
of approximately $35.71 million and will be a source of later stage 
investments, mezzanine financings, and re-capitalizations for qualified 
small business concerns. The applicant will invest primarily in the 
eastern half of the United States, and may participate as an investor 
in deals that originate in other parts 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 
SBIC 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 Canaan, Connecticut.

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

    Dated: August 8, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-20061 Filed 8-15-94; 8:45 am]
BILLING CODE 8025-01-M