[Federal Register Volume 59, Number 102 (Friday, May 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12920]
[[Page Unknown]]
[Federal Register: May 27, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000098]
Furman Selz SBIC, L.P.; Filing of an Application for a License To
Operate as a Small Business Investment Company
Notice is hereby given of the filing of an application with the
Small Business Administration (SBA) pursuant to Sec. 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by Furman Selz SBIC, L.P., 230 Park Avenue, New York,
New York 10169, for a license to operate as a small business investment
company (SBIC) under the Small Business Investment Act of 1958, as
amended, (15 U.S.C. et seq.), and the Rules and Regulations promulgated
thereunder. Furman Selz SBIC, L.P. is a Delaware limited partnership.
Furman Selz SBIC, L.P. will be managed by Brian P. Friedman, on
behalf of its general partner, Furman Selz Investments Inc., located at
the same address as the applicant. Employees of Furman Selz Holding
Company beneficially own over 90 percent of Furman Selz Investments
Inc. with the remainder of the company beneficially owned by Xerox Inc.
No individual beneficially owns 10 percent or more of Furman Selz
Investments Inc. The officers and directors of Furman Selz Investments
Inc. are:
Name and Title
Edmund A. Hajim--Chairman and Director
Brian P. Friedman--President and Director
Roy L. Furman--Director
Leopold Swergold--Director
Steven D. Blecher--Vice Pres., Treasurer, Secretary
Elizabeth Q. Solazzo--Assistant Secretary
All the officers and directors of Furman Selz Investments Inc. are
employees of Furman Selz Holding Company, 230 Park Avenue, New York,
New York 10169.
The general partner owns one percent (1%) of the applicant. The
remainder of the applicant is owned by its limited partner, Furman Selz
Investors, L.P. The following investors own 10 percent or more of the
applicant's Regulatory Capital through their investment in the limited
partner:
Xerox Financial Services, Inc., 800 Long Ridge Road, Stamford,
Connecticut 06904.
Fidelity National Financial, 2100 SE. Main Street, Irvine, California
92714.
The applicant will have Regulatory Capital of $22.5 million. It
will be a source of equity financing for qualified small business
concerns throughout the United States.
Matters involved in SBA's consideration of the application include
the general business reputation and character of the proposed owners
and management, and the probability of successful operations of the new
company under their management, including profitability and financial
soundness in accordance with the Act and Regulations.
Notice is hereby given that any person may, not later than 30 days
from the date of publication of this notice, submit written comments on
the proposed SBIC to the Associate Administrator for Investment, Small
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
A copy of this Notice will be published in a newspaper of general
circulation in New York, New York.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: May 20, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-12920 Filed 5-26-94; 8:45 am]
BILLING CODE 8025-01-M
