[Federal Register Volume 60, Number 114 (Wednesday, June 14, 1995)]
[Notices]
[Page 31344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14550]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000163]


Bay Partners SBIC, 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 Bay Partners SBIC, L.P. at 10600 North De Anza 
Boulevard, Suite 100, Cupertino, California 95014 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 generally be in Northern California and the Pacific 
Northwest. In addition, the Fund will consider investment opportunities 
in other parts of the United States including Southern California and 
New England.
    Bay Partners SBIC, L.P., a California limited partnership, will be 
managed by Bay Management Company 1995, a California general 
partnership and sole general partner of the Partnership. The individual 
General Partners of Bay Management Company 1995 are: John Freidenrich, 
Neal Dempsey III and Marcella Tamaki Yano. Skills possessed by the 
General Partners include sales and marketing, financial management, 
strategic planning, research and development, investment banking, legal 
and portfolio management. In addition, each of these General Partners 
has had experience with severely troubled companies.
    The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                              ownership 
------------------------------------------------------------------------
The Freidenrich Family Partnership, 10600 North De Anza                 
 Blvd., Suite 100, Cupertino, California 95014.............        50.00
J.F. Shea & Company, Inc., 655 Brea Canyon Road, Walnut,                
 California 91789..........................................        20.00
The Clumeck Family Trust, P.O. Box 1557, Ross, California               
 94957.....................................................        10.00
The Gerson Bakar 1984 Trust, 201 Filbert Street, 7th Floor,             
 San Francisco, California 94133...........................        10.00
------------------------------------------------------------------------

    The applicant will begin operations with Regulatory Capital of $10 
million and will primarily be a source of start-up and early stage 
equity investments in technology-based small companies with significant 
growth potential. The applicant's typical client will need funds to 
develop or complete development of a product or service, ramp up 
production, recruit personnel and execute its sales and marketing 
strategy.
    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 San Francisco, California.

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

    Dated: June 7, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-14550 Filed 6-13-95; 8:45 am]
BILLING CODE 8025-01-M