[Federal Register Volume 88, Number 194 (Tuesday, October 10, 2023)]
[Notices]
[Pages 69980-69981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-22431]


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SMALL BUSINESS ADMINISTRATION

[License No. 09/09-0496]


HCAP Partners V, L.P.; Notice Seeking Exemption Under the Small 
Business Investment Act, Conflicts of Interest

    Notice is hereby given that HCAP Partners V, L.P., 4250 Executive 
Square, Suite 500, La Jolla, CA 92037, a Federal Licensee under the 
Small Business Investment Act of 1958, as amended (``the Act''), in 
connection with the financing of a small concerns, has sought an 
exemption under section 312 of the Act and Section 107.730, Financings 
which Constitute Conflict of Interest of the Small Business 
Administration (``SBA'') Rules and Regulations (13 CFR 107.730). HCAP 
Partners V, L.P. (``HCAP V'') is proposing to provide financing to 
Cubex

[[Page 69981]]

LLC (``Company'') to support the Company's growth.
    The proposed transaction is brought within the purview of Sec.  
107.730 of the Regulations because HCAP Partners III, L.P. (``HCAP 
III''), an Associate of HCAP V by virtue of Common Control as defined 
in Sec.  107.50, holds a 21% of equity interest in the Company. By 
virtue of HCAP III's equity ownership, the Company and HCAP V are also 
Associates. HCAP III expects to receive $18.6 million from the proposed 
transaction.
    Therefore, the proposed transaction requires a regulatory exemption 
pursuant to 13 CFR 107.730. 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 Associate Administrator for 
Investment, U.S. Small Business Administration, 409 Third Street SW, 
Washington, DC 20416.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, U.S. 
Small Business Administration.
[FR Doc. 2023-22431 Filed 10-6-23; 8:45 am]
BILLING CODE P