Conflicts of Interest Exemption: Avante Mezzanine Partners SBIC II, L.P.

Cited as:85 FR 66399
Court:Small Business Administration
Publication Date:19 Oct 2020
Record Number:2020-23075
Federal Register, Volume 85 Issue 202 (Monday, October 19, 2020)
[Federal Register Volume 85, Number 202 (Monday, October 19, 2020)]
                [Notices]
                [Page 66399]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2020-23075]
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                SMALL BUSINESS ADMINISTRATION
                [License No. 09/09-0479]
                Conflicts of Interest Exemption: Avante Mezzanine Partners SBIC
                II, L.P.
                 Notice is hereby given that Avante Mezzanine Partners SBIC II,
                L.P., 11150 Santa Monica Blvd., Suite 1470, Los Angeles, CA 90025, 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). Avante Mezzanine Partners SBIC II, L.P., is seeking a
                written exemption from SBA for a proposed financing to Telestream
                Holding Corporation, 848 Gold Flat Road, Nevada City, CA 95959.
                 The financing is brought within the purview of Sec. 107.730(a) of
                the Regulations because Avante Mezzanine Partners SBIC II, L.P will
                participate in a transaction that will discharge the obligations of its
                Associate, Avante Mezzanine Partners SBIC, L.P., therefore this
                transaction is considered Financing which constitute conflicts of
                interest requiring SBA's prior written exemption. Both Avante Mezzanine
                Partners SBIC II, L.P. and Avante Mezzanine Partners SBIC, L.P.
                previously held financings in Telestream Holding Corporation, however
                only Avante Mezzanine Partners SBIC II, L.P. will participate in this
                financing round as Avante Mezzanine Partners SBIC, L.P. has already
                concluded its investment period.
                 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.
                Donald DeFosset III,
                Associate Administrator, Office of Investment and Innovation.
                [FR Doc. 2020-23075 Filed 10-16-20; 8:45 am]
                BILLING CODE P