2021-07858. Star Mountain SBIC Fund, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest  

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    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 § 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.

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    U.S. Small Business Administration.

    Thomas G. Morris,

    Acting Associate Administrator, Director, Office of Liquidation, Office of Investment and Innovation.

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    [FR Doc. 2021-07858 Filed 4-15-21; 8:45 am]

    BILLING CODE P

Document Information

Published:
04/16/2021
Department:
Small Business Administration
Entry Type:
Notice
Document Number:
2021-07858
Pages:
20228-20228 (1 pages)
Docket Numbers:
License No. 02/02-0698
PDF File:
2021-07858.pdf