[Federal Register Volume 76, Number 209 (Friday, October 28, 2011)]
[Notices]
[Page 67017]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-27819]


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SMALL BUSINESS ADMINISTRATION


Praesidian Capital Opportunity Fund III, LP License No. 02/02-
0647; Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Praesidian Capital Opportunity Fund 
III, LP, 419 Park Avenue South, New York, NY 10016, a Federal 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 Section 107.730, 
Financings which Constitute Conflicts of Interest, of the Small 
Business Administration Rules and Regulations (13 CFR 107.730). 
Praesidian Capital Opportunity Fund III, LP proposes to provide debt 
financing to JPB Marketing Enterprises, Inc. d/b/a DisplayWorks 
(``DW''). The financing is contemplated for recapitalization purposes 
following the consummation of an acquisition.
    The financing is brought within the purview of Sec.  107.730(a)(4) 
of the Regulations because Praesidian Capital Investors II, LP, 
Associate of Praesidian Capital Opportunity Fund III, LP, holds a debt 
investment and warrant position in DW, both of which will be 
extinguished as a result of the recapitalization. Therefore the 
transaction is considered as financing to discharge an obligation to an 
Associate, requiring prior written exemption from the Small Business 
Administration.
    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: October 19, 2011.
Sean J. Greene,
Associate Administrator for Investment.
[FR Doc. 2011-27819 Filed 10-27-11; 8:45 am]
BILLING CODE M