[Federal Register Volume 59, Number 108 (Tuesday, June 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-13794]
[[Page Unknown]]
[Federal Register: June 7, 1994]
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SMALL BUSINESS ADMINISTRATION
Canaan S.B.I.C., L.P. (Application No. 99000118); Notice of
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 Canaan S.B.I.C., L.P., 105 Rowayton Avenue,
Rowayton, Connecticut 06853, 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. In addition to its main office in
Rowayton, Connecticut, the applicant will have a branch office at 2884
Sand Hill Road, Menlo Park, California 94025. Canaan S.B.I.C., L.P. is
a Delaware limited partnership.
The general and limited partners of Canaan S.B.I.C., L.P., and the
ownership interest of entities owning 10 percent or more of the
applicant are as follows:
------------------------------------------------------------------------
Ownership
Name Type of interest
partner (percent)
------------------------------------------------------------------------
Harry T. Rein.................................. General.....
James J. Fitzpatrick........................... General.....
David C. Fries................................. General.....
Stephen L. Green............................... General.....
Gregory Kopchinsky............................. General.....
Robert J. Migliorino........................... General.....
Alan E. Salzman................................ General.....
Eric A. Young.................................. General.....
Canaan Capital Limited Partnership, 105 Limited..... 10.4
Rowayton Avenue, Rowayton, Connecticut 06853.
Canaan Capital Offshore L.P., c/o ABN Bank Limited..... 86.6
Trust Company, Pietermaai 15, Willemstad,
Curacao, The Netherlands Antilles.
------------------------------------------------------------------------
No individual, or entity other than those listed above, will
beneficially own 10 percent or more of the applicant.
Canaan S.B.I.C., L.P. will be managed by its investment advisor,
Canaan S.B.I.C., Inc., located at the same address as the applicant.
The officers and directors of the investment advisor are:
------------------------------------------------------------------------
Name Title
------------------------------------------------------------------------
Harry T. Rein...................... President and Director.
James J. Fitzpatrick............... Vice President.
David C. Fries..................... Vice President.
Stephen L. Green................... Vice President.
Gregory Kopchinsky................. Vice President.
Robert J. Migliorino............... Vice Pres., Secretary, Treasurer.
Alan E. Salzman.................... Vice President.
Eric A. Young...................... Vice President.
Guy M. Russo....................... Controller.
------------------------------------------------------------------------
All these individuals are employees of the Canaan entities, and
have business offices at the Towayton, Connecticut or Menlo Park,
California addresses. Mr. Kopchinsky will manage the day to day
operations of Canaan S.B.I.C., L.P.
The applicant has Regulatory Capital of $15.0 million. It will be a
source of equity financings for qualified small business concerns, and
will invest primarily in the Northeast and West Coast regions of 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 Rowayton, Connecticut.
(Catalog of Federal Domestic Assistance Programs No. 59.001, Small
Business Investment Companies)
Dated: June 1, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-13794 Filed 6-6-94; 8:45 am]
BILLING CODE 8025-01-M
