[Federal Register Volume 61, Number 18 (Friday, January 26, 1996)]
[Notices]
[Pages 2565-2566]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1275]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000191]


Mellon Ventures, L.P.; Notice of Filing of 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 (1995)) by Mellon Ventures, L.P., One Mellon Bank Center, Rm. 
151-3200, Pittsburgh, PA 15258-0001 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 there under. Mellon Ventures, L.P., is a 
Delaware limited partnership. The Fund's operating area will be 
nationwide, but will focus primarily in the Mid-Atlantic and South-
Atlantic states.
    The Limited Partners of the applicant will be Mellon Bank N.A. (the 
``Class B Limited Partner'') and senior managers of Mellon Ventures, 
Inc. (the ``Class A Limited Partners''). The sole General Partner of 
the applicant will be MVM, L.P. (the ``General Partner''). The General 
Partner of MVM, L.P. (a Delaware limited partnership) is MVM, Inc. (a 
Delaware corporation) whose sole shareholder and Chief Executive 
Officer is Lawrence E. Mock Jr. Mr. Mock, Jr. has extensive experience 
in banking, finance, and investment analysis.
    Mellon Ventures, L.P. will initially be capitalized with $2,500,000 
of capital provided by Mellon Bank, N.A., as the Class B Limited 
Partner, and $25,000 of capital provided by the General Partner. Class 
A Limited Partners will contribute a de minimus amount for their 
interest. Additional capital will be provided by the Class B Limited 
Partner and General Partner as needed to fund investments and in the 
discretion of the Class B Limited Partner. The SBIC GP will not engage 
in any business other than serving as general partner of the applicant. 
The applicant will operate without SBA leverage. The following limited 
partners will own 10 percent or more of the proposed SBIC:

Name and Percentage of Ownership

Mellon Bank, N.A., One Mellon Bank Center, Pittsburgh, PA 15258-0001: 
99%

 
[[Page 2566]]

    Investments are contemplated in various manufacturing, 
distribution, and service businesses where the portfolio company's 
position offers growth potential through increased market share or 
growth in the market or niche.
    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 Third Street, SW, Washington, D.C. 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in Pittsburgh, Pennsylvania.

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

    Dated: January 22, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-1275 Filed 1-25-96; 8:45 am]
BILLING CODE 8025-01-P