Conflicts of Interest Exemption: Avante Mezzanine Partners SBIC II, L.P.
Published date | 19 October 2020 |
Citation | 85 FR 66399 |
Record Number | 2020-23075 |
Section | Notices |
Court | Small Business Administration |
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]
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