81 FR 63837 - Avante Mezzanine Partners SBIC II, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 81, Issue 180 (September 16, 2016)

[Federal Register Volume 81, Number 180 (Friday, September 16, 2016)]
[Notices]
[Page 63837]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-22414]


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SMALL BUSINESS ADMINISTRATION

[License No. 09/09-0479]


Avante Mezzanine Partners SBIC II, L.P.; Notice Seeking Exemption 
Under Section 312 of the Small Business Investment Act, Conflicts of 
Interest

    Notice is hereby given that Avante Mezzanine Partners SBIC II, 
L.P., 11150 Santa Monica Boulevard, Suite 1470, Los Angeles, CA 90025, 
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). Avante Mezzanine Partners SBIC II, L.P. proposes to 
provide debt and equity financings to Learner's Edge LLC, 10523 165th 
Street West, Lakeville, MN 55044.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Avante Mezzanine Partners SBIC, L.P and 
Avante Mezzanine Partners SBIC II, L.P. are Associates. Avante 
Mezzanine Partners SBIC, L.P owns more than 10 percent of Learner's 
Edge LLC and therefore this transaction is considered Financing an 
Associate requiring prior SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on this 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.

Mark L. Walsh,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2016-22414 Filed 9-15-16; 8:45 am]
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