[Federal Register Volume 72, Number 96 (Friday, May 18, 2007)]
[Notices]
[Page 28091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-9582]


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SMALL BUSINESS ADMINISTRATION

[License No. 02/72-0611]


Quad Venture Partners SBIC, LP; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Quad Venture Partners SBIC, L.P., 650 
Fifth Avenue, 31st Floor, New York, NY 10019, a Federal Licensee under 
the Small Business Investment Act of 1958, as amended (``the Act''), in 
connection with the Licensee's General Partner's continued role in 
managing the Licensee's assets after the sale of such assets to a buyer 
group, has sought an exemption under section 312 of the Act and section 
107.730(a), self-deal which constitutes Conflicts of Interest of the 
Small Business Administration (``SBA'') rules. Quad Ventures SBIC, 
Inc., the General Partner of the Licensee, proposes to continue 
managing the Licensee's assets, which will be acquired by a group of 
institutional buyers (``Buyer Group'').
    The management arrangement is brought within the purview of Sec. 
107.730(a) of the Regulations because the Licensee's mangers will 
benefit from their continued management role after the sale of the 
portfolio to the Buyer Group. Therefore, this management arrangement 
constitutes a conflict of interest which requires prior SBA's approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within 15 days of the date of this 
publication, to the Associate Administrator for Investment, U.S. Small 
Business Administration, 409 Third Street, SW, Washington, DC 20416.

    Dated: May 8, 2007.
Jaime Guzman-Fournier,
Associate Administrator for Investment.
 [FR Doc. E7-9582 Filed 5-17-07; 8:45 am]
BILLING CODE 8025-01-P