[Federal Register Volume 89, Number 4 (Friday, January 5, 2024)]
[Notices]
[Page 823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00009]
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SMALL BUSINESS ADMINISTRATION
[License No. 05/05-0351]
Stonehenge Opportunity Fund V, L.P.; Notice Seeking Exemption
Under Section 312 of the Small Business Investment Act, Conflicts of
Interest
Notice is hereby given that Stonehenge Opportunity Fund V, L.P.,
191 W Nationwide Boulevard, Suite 600, Columbus, OH 43215, a Federal
Licensee under the Small Business Investment Act of 1958, as amended
(``the Act''), in connection with the financing of a small business
concern, has sought an exemption under section 312 of the Act and 13
CFR 107.730, Financings which Constitute Conflicts of Interest of the
Small Business Administration (``SBA'') Rules and Regulations.
Stonehenge Opportunity Fund V, L.P. is seeking a written exemption from
SBA for a proposed financing to True North Asphalt Holdings, LLC, 1241
E 11 Mile Road, Madison Heights, MI 48071.
The financing is brought within the purview of 13 CFR 107.730(a) of
the Regulations because True North Asphalt Holdings, LLC is an
Associate of Stonehenge Opportunity Fund V, L.P. because Associate
Stonehenge Opportunity Fund IV, L.P. owns a greater than ten percent
interest in True North Asphalt Holdings, LLC, therefore this
transaction is considered Financing which constitute conflicts of
interest requiring SBA's prior written exemption.
Notice is hereby given that any interested person may submit
written comments on this 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.
Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, United
States Small Business Administration.
[FR Doc. 2024-00009 Filed 1-4-24; 8:45 am]
BILLING CODE P