[Federal Register Volume 86, Number 54 (Tuesday, March 23, 2021)]
[Notices]
[Page 15541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05899]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0278]


Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest; Canapi Ventures SBIC Fund, L.P.

    Notice is hereby given that Canapi Ventures SBIC Fund, L.P., 801 
17th Street NW, Suite 1050, Washington, DC 20006, 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). 
Associates of Canapi Ventures SBIC Fund, L.P. own more than 10% of the 
equity interests in Finxact, Inc. 1301 Riverplace Drive, Suite 2501, 
Jacksonville, FL 32207, thereby making Finxact, Inc. an Associate.
    The financing is brought within the purview of Sec.  107.730(a)(4) 
of the Regulations because Canapi Ventures SBIC Fund, L.P. and Finxact, 
Inc. are Associates and Canapi Ventures SBIC Fund, L.P. is seeking to 
invest equity in Finxact, Inc. 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.

Small Business Administration.
Thomas G. Morris,
Acting Associate Administrator, Director, Office of Liquidation, Office 
of Investment and Innovation.
[FR Doc. 2021-05899 Filed 3-22-21; 8:45 am]
BILLING CODE 8026-03-P