[Federal Register Volume 69, Number 189 (Thursday, September 30, 2004)]
[Notices]
[Page 58572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-21997]


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SMALL BUSINESS ADMINISTRATION


Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Horizon Ventures Fund II, L.P. 
(``Licensee''), 4 Main Street, Suite 50, Los Altos, CA 94022, an SBIC 
Licensee under the Small Business Investment Act of 1958, as amended 
(``the Act''), in connection with the financing of a small concern, has 
sought an exemption under section 312 of the Act and Sec.  107.730, 
Financings which Constitute Conflicts of Interest, of the Small 
Business Administration (``SBA'') rules and regulations (13 CFR 107.730 
(2004)). Horizon Ventures Fund II, L.P. proposes to provide equity 
financing to Invivodata, Inc., 5815 Scotts Valley Drive, Suite 150, 
Scotts Valley, CA 95066. The financing is contemplated for growth, 
modernization, working capital and business expansion.
    The financing is brought within the purview of Section 
107.730(a)(1) of the Regulations because Horizon Ventures Fund I, L.P. 
and Horizon Ventures Advisors Fund I, L.P., Associates of the Licensee 
currently own greater than 10 percent of Invivodata, Inc., and 
therefore Invivodata, Inc. is considered an Associate of the Licensee 
as defined in Sec.  107.50 of the Regulations.
    Notice is hereby given that any interested person may submit 
written comments on the transaction to the Associate Administrator for 
Investment, U.S. Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416.

    Dated: September 23, 2004.
Jeffrey D. Pierson,
Associate Administrator for Investment.
[FR Doc. 04-21997 Filed 9-29-04; 8:45 am]
BILLING CODE 8025-01-P