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

• Published date: 01 March 2022
• Citation: 87 FR 11494
• Record Number: 2022-04234
• Section: Notices
• Court: Small Business Administration

Federal Register, Volume 87 Issue 40 (Tuesday, March 1, 2022)

[Federal Register Volume 87, Number 40 (Tuesday, March 1, 2022)]
                [Notices]
                [Page 11494]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2022-04234]
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                SMALL BUSINESS ADMINISTRATION
                [License No. 02/02-0699]
                Oaktree SBIC Fund, L.P.; Notice Seeking Exemption Under Section
                312 of the Small Business Investment Act, Conflicts of Interest
                 Notice is hereby given that Oaktree SBIC Fund, L.P., 1301 Avenue of
                the Americas, New York, NY 10019, a Federal Licensee under the Small
                Business Investment Act of 1958, as amended (``the Act''), in
                connection with the financing of three small concerns, 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).
                Oaktree SBIC Fund, L.P. proposes to provide financing in an acquisition
                that will benefit an Associate, Oaktree Mezzanine Fund IV, L.P.
                 The financing is brought within the purview of Sec. 107.730(a)(4)
                of the Regulations because Oaktree SBIC Fund, L.P., will provide
                financing in a transaction to acquire a Small Business, Smart Care
                Equipment Solutions, 12539 S Holiday Drive, Alsip, IL 60803. This
                transaction is considered a conflict of interest requiring prior SBA
                approval because a portion of proceeds will be used to redeem
                outstanding debt held by an Associate of Oaktree SBIC Fund, L.P.,
                Oaktree Mezzanine Fund IV, L.P.
                 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.
                Bailey DeVries,
                Associate Administrator, Office of Investment and Innovation.
                [FR Doc. 2022-04234 Filed 2-28-22; 8:45 am]
                BILLING CODE 8026-03-P