[Federal Register Volume 59, Number 214 (Monday, November 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-27534]


[[Page Unknown]]

[Federal Register: November 7, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000145]

 

Pioneer Ventures Limited Partnership II; 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 Pioneer Ventures Limited Partnership II, 60 State 
Street, Boston, MA 02109, 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
                            Name                                  of    
                                                               ownership
------------------------------------------------------------------------
General Partner:                                                        
  Pioneer Ventures Management, L.P. 60 State Street, Boston,            
   MA 02109.................................................        1.0 
Limited Partners:                                                       
  City of Cambridge Contributory Retirement System, 795                 
   Massachusetts Avenue, Cambridge, MA 02139................       14.1 
  MBTA Retirement Fund, 99 Summer St., Suite 1700, Boston,              
   MA 02110.................................................       17.7 
  Middlesex County Contributory Retirement System, New                  
   Superior Courthouse, East Cambridge, MA 02141............       14.1 
  The Pioneer Group, Inc., 60 State Street, Boston, MA                  
   02109....................................................       21.2 
  Worcester County Contributory Retirement System,                      
   Courthouse Room 3, 2 Main Street, Worcester, MA 01608....       14.1 
  Limited Partners owning less than 10% each................       17.8 
                                                             -----------
                                                                  100.0 
------------------------------------------------------------------------

    Pioneer Ventures Limited Partnership II will be managed by Pioneer 
Capital Corporation. The principal shareholder and officers of Pioneer 
Capital Corporation who will be responsible for management of the 
Applicant are:

------------------------------------------------------------------------
                                                              Percentage
            Name                  Relationship to manager      ownership
                                                              of manager
------------------------------------------------------------------------
Frank M. Polestra............  President....................        0.0 
Christopher W. Dick..........  Vice President...............        0.0 
Chrisopher W. Lynch..........  Vice President...............        0.0 
Leigh M. Michl...............  Assistant V.P................        0.0 
The Pioneer Group, Inc.......  Shareholder..................      100.0 
------------------------------------------------------------------------

    The applicant will begin operations with committed capital of 
approximately $14.1 million and will be a source of debt and equity 
financings for qualified small business concerns. The applicant will 
invest primarily in technology, industrial products, and consumer 
businesses located in the New England 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 Boston, MA.

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

    Dated: October 27, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-27534 Filed 11-4-94; 8:45 am]
BILLING CODE 8025-01-M