[Federal Register Volume 59, Number 222 (Friday, November 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-28525]


[[Page Unknown]]

[Federal Register: November 18, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000150]

 

Gateway Ventures, L.P.; 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 Gateway Ventures, L.P., 8000 Maryland Avenue, Suite 
1190, St. Louis, Missouri 63105, 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. Secs. 661 et seq.), and the Rules 
and Regulations promulgated thereunder. Gateway Ventures, L.P. is a 
limited partnership formed under Delaware law. Gateway Ventures, L.P. 
will be managed by its General Partner, Gateway Venture Associates, 
L.P., located at the same address as the applicant. John S. McCarthy, 
Richard F. Ford, and David F. Millet are the individual general 
partners of the General Partner. The following limited partner owns 10 
percent or more of the proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                               ownership
------------------------------------------------------------------------
The Danforth Foundation.....................................      10.39 
------------------------------------------------------------------------

    The applicant will begin operations with capitalization of 
approximately $7.5 million and will be a source of equity financings 
for qualified small business concerns. The applicant will invest 
primarily in the states of Massachusetts and Missouri but will consider 
investment in businesses in other areas 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 St. Louis, Missouri.

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

    Dated: November 10, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-28525 Filed 11-17-94; 8:45 am]
BILLING CODE 8025-01-M