Star Mountain SBIC Fund, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
| Published date | 16 April 2021 |
| Citation | 86 FR 20228 |
| Record Number | 2021-07858 |
| Section | Notices |
| Court | Small Business Administration |
Federal Register, Volume 86 Issue 72 (Friday, April 16, 2021)
[Federal Register Volume 86, Number 72 (Friday, April 16, 2021)]
[Notices]
[Page 20228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07858]
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SMALL BUSINESS ADMINISTRATION
[License No. 02/02-0698]
Star Mountain SBIC Fund, LP; Notice Seeking Exemption Under
Section 312 of the Small Business Investment Act, Conflicts of Interest
Notice is hereby given that Star Mountain SBIC Fund, LP, 2 Grand
Central Tower, 140 East 45th Street, 37th Floor, New York, NY 10017, 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). Associates of Star Mountain SBIC Fund, L.P. own more than
10% of the equity interests in Arrow Home Health LLC, 2805 S Expressway
83, Suite A, Harlingen, TX 78550, thereby making Arrow Home Health LLC
an Associate.
The financing is brought within the purview of Sec. 107.730(a) of
the Regulations because Star Mountain SBIC Fund, LP and Arrow Home
Health LLC are Associates and Star Mountain SBIC Fund, LP is seeking to
invest capital in Arrow Home Health LLC. Therefore, this transaction is
considered financing an Associate, requiring a prior SBA exemption and
pre-financing SBA approval.
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, Office of Investment
and Innovation, U.S. Small Business Administration, 409 Third Street
SW, Washington, DC 20416.
U.S. Small Business Administration.
Thomas G. Morris,
Acting Associate Administrator, Director, Office of Liquidation, Office
of Investment and Innovation.
[FR Doc. 2021-07858 Filed 4-15-21; 8:45 am]
BILLING CODE P
