[Federal Register Volume 79, Number 8 (Monday, January 13, 2014)]
[Notices]
[Page 2239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00297]


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SMALL BUSINESS ADMINISTRATION

[License No. 06/06-0326]


Main Street Mezzanine Fund, L.P.; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Main Street Mezzanine Fund, L.P., 1300 
Post Oak Boulevard, Suite 800, Houston TX, 77056, 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 (``SBA'') Rules and Regulations (13 CFR 107.730). Main 
Street Mezzanine Fund, L.P.proposes to provide loan financing to LKCM 
Distribution Holdings, LLC, 301 Commerce Street, Suite 1600, Fort 
Worth, Texas 76102 (``LKCM'').
    The financing is brought within the purview of Sec.  107.730(a)(l) 
of the Regulations because a director of Main Street Capital 
Corporation, the Parent of Main Street Mezzanine Fund, L.P.is also a 
director of LKCM. The financing is also brought within the purview of 
Sec.  107.730(a)(4) of the Regulations because LKCM is going to use the 
proceeds to purchase the assets of Thermal & Mechanical Equipment 
Company, LLC, 1423 E. Richey Road, Houston, Texas 77073 (``TMEC''). 
Main Street Mezzanine Fund, L.P., Main Street Capital II, L.P., and 
Main Street Capital Corporation have outstanding loans to TMEC and Main 
Street Equity Interests, Inc. and Main Street Capital II Equity 
Interests hold equity in TMEC, all Associates of Main Street Mezzanine 
Fund, L.P.The proceeds from the sale of TMEC's assets will be used to 
discharge the loan obligations and redeem the equity interests. 
Therefore this transaction is considered a financing constituting a 
conflict of interest requiring prior SBA approval. [middot]
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within fifteen days of the date of 
this publication, to the Associate Administrator, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 Third Street 
SW., Washington, DC 20416.

Javier Saade,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2014-00297 Filed 1-10-14; 8:45 am]
BILLING CODE P