[Federal Register Volume 60, Number 118 (Tuesday, June 20, 1995)]
[Notices]
[Pages 32193-32194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15009]



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SMALL BUSINESS ADMINISTRATION

Javelin Capital Fund, L.P.; Notice of Filing of an Application 
for a License To Operate as a Small Business Investment Company

[Application No. 99000170]
    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to section 107.102 of the 
Regulation governing small business investment companies (13 CFR 
107.102 (1994)) by Javelin Capital Fund, L.P. at 1075 13th Street 
South, Birmingham, Alabama 35205 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 the South and Southeast portion of the United 
States.
    Javelin Capital Fund, L.P., a Delaware limited partnership, will be 
managed by Tullis-Dickerson & Company, Inc., a Delaware S-Corporation, 
and JVP, LLC, a Delaware Limited Liability Company and sole general 
partner of the applicant. The executive officers of Tullis-Dickerson & 
Company, Inc. and the General Partner will be Lyle A. 
[[Page 32194]] Hohnke, Joan P. Neuscheler, James L. L. Tullis, and 
Thomas P. Dickerson. The applicant's four general partners have 54 
years of combined experience in the investment business and 24 years as 
general partners in established venture capital funds. In addition, the 
applicant will avail itself of the services of an Advisory Board which 
will provide advisory services to the General Partner and the 
Management Company regarding potential investments. The Advisory Board 
will have between five and seven members, who shall initially be as 
follows: Henry Wendt, Stephen Wiggins, Lawrence Flinn, Charles A. 
McCallum, and Peter Farley.
    The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                              ownership 
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University of Alabama at Birmingham, Education Foundation,              
 Medical Towers Bldg., Suite 103A, 1717 11th Avenue South,              
 Birmingham, AL 35205......................................           22
Alabama Power Company, 600 North 18th Street, Birmingham,               
 AL 35291..................................................           22
Protective Life Ins. Co., 2801 Highway 280 South,                       
 Birmingham, AL 35223......................................           11
------------------------------------------------------------------------

    The applicant will begin operations with Regulatory Capital of $7 
million and will focus its investment portfolio in teh health care 
industry while providing additional concentrations in the animal health 
and agricultural research, technology, communications, food, and 
specialty materials development areas. The applicant will generally 
make early and seed stage investments to achieve the development and 
commercialization of technology and innovative business strategies.
    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 Birmingham, Alabama.

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

    Dated: June 9, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-15009 Filed 6-19-95; 8:45 am]
BILLING CODE 8025-01-M