[Federal Register Volume 59, Number 166 (Monday, August 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21216]


[[Page Unknown]]

[Federal Register: August 29, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000137]

 

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 Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Aspen Ventures West II, L.P. at 10898 Mora Drive, 
Los Altos, CA 94024, 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. Its principal area of operation will be in the 
western United States (primarily California) and, on a selected basis, 
throughout the United States.
    Aspen Ventures West II, L.P. will be managed by Aspen Venture West 
Management (AVWM), a California General Partnership and the sole 
general partner of the Partnership. AVWM has three general partners: 
Managing Partners Alexander P. Cilento and E. David Crockett; and 
Administrative General Partner Thaddeus J. Whalen. The General 
Partners, who will work full-time managing Aspen Ventures West II, 
L.P., have extensive operations and senior management experience, 
advanced academic training in scientific, engineering and management 
disciplines, and multiple entrepreneurial experiences.
    The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                               ownership
------------------------------------------------------------------------
3i New Securities Corp., 99 High Street, Suite 1530, Boston             
 MA 02110...................................................       42.0 
Eugene C. Y. Duh, 92 Hwa Fong Street, Kaohsiung 800, Taiwan.       17.0 
Charles C. Wu, No. 2, Lane 48, Sec. 3, Nan King E. Road,                
 Taipei, Taiwan 104, R.O.C..................................       17.0 
------------------------------------------------------------------------

    The applicant will begin operations with Regulatory Capital of 
$12.0 million and will be a source of early stage equity investments in 
qualified software-based information science small business concerns. 
The applicant will invest primarily in the western 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 
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 Los Altos, California.

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

    Dated: August 23, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-21216 Filed 8-26-94; 8:45 am]
BILLING CODE 8025-01-M