[Federal Register Volume 59, Number 170 (Friday, September 2, 1994)]
[Notices]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21760]
[[Page Unknown]]
[Federal Register: September 2, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000130]
Piper Jaffray Healthcare Capital, 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 Piper Jaffray Healthcare Capital, L.P., 222 S. Ninth
Street Minneapolis, Minnesota 55402, 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. Piper Jaffray Healthcare
Capital, L.P. is a Delaware limited partnership.
Piper Jaffray Healthcare Capital, L.P., will be managed by Piper
Venture Management SBIC, L.P., a Delaware limited partnership whose
sole general partner is Piper Ventures Capital, Inc. a special purpose
subsidiary of Piper Jaffray Ventures, Inc. The General Partner and all
related associates are located at the same address as the applicant.
The following limited partner owns 10 percent or more of the
proposed SBIC:
------------------------------------------------------------------------
Percentage
Name of
ownership
------------------------------------------------------------------------
Piper Jaffray Healthcare Fund, L.P., 222 S. Ninth Street,
Minneapolis, Minnesota 55402.............................. 99.0
------------------------------------------------------------------------
The following investors own 10 percent or more of the applicant
through its investment in the entity listed above:
Piper Jaffray Investors--Fund VIII, 222 S. Ninth Street, Minneapolis,
Minnesota 55402
St. Jude Medical, Inc., One Lillehei Plaza, St. Paul, Minnesota 55117
The applicant will begin operations with capitalization of
approximately $7.5 million and will be a source of equity financings
for qualified small business concerns. The applicant anticipates a
majority of investments will be made in small concerns in the states of
Minnesota, California, Massachusetts, Colorado, and Washington. The
applicant will, however, consider attractive business activities
throughout the U.S. meeting the applicant's investment profile and
characteristics.
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 15 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 Minneapolis, Minnesota.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: August 23, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-21760 Filed 9-1-94; 8:45 am]
BILLING CODE 8025-01-M
