[Federal Register Volume 84, Number 101 (Friday, May 24, 2019)]
[Notices]
[Page 24195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10906]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0271]


Patriot Capital IV (A), L.P.; Notice Seeking Exemption Under of 
the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Patriot Capital IV (A), L.P., 509 South 
Exeter Street, Suite 210, Baltimore, MD 21202, 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). 
Patriot Capital III SBIC, L.P. provides equity financing to Avenger 
Flight Group, LLC, 1450 Lee Wagener Blvd., Fort Lauderdale, FL 33315.
    The financing is brought within the purview of Sec.  107.730(a)(2) 
of the Regulations because Patriot Capital III SBIC, L.P. is currently 
invested in Avenger Flight Group, LLC and because of its level of 
ownership, Avenger Flight Group, LLC is an Associate. Patriot Capital 
III SBIC, L.P. and Patriot Capital IV (A), L.P. are also Associates and 
Patriot Capital IV (A), L.P. is seeking to invest in Avenger Flight 
Group, LLC in the identical securities on the same relative proportions 
and at the same valuation and on the same terms and conditions as 
Patriot Capital III SBIC, L.P. Therefore, this transaction is 
considered financing an Associate, requiring a prior SBA exemption.
    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 for Investment, U.S. 
Small Business Administration, 409 Third Street SW, Washington, DC 
20416.

A. Joseph Shepard,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2019-10906 Filed 5-23-19; 8:45 am]
 BILLING CODE 8025-01-P