82 FR 10957 - Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 82, Issue 31 (February 16, 2017)

[Federal Register Volume 82, Number 31 (Thursday, February 16, 2017)]
[Notices]
[Pages 10957-10958]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03147]


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SMALL BUSINESS ADMINISTRATION

[GarMark SBIC Fund, L.P. License No. 01/01-0427]


Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that GarMark SBIC Fund, L.P., One Landmark 
Square, Floor 6 Stamford, CT 06901, a Federal Licensee under the Small 
Business Investment Act of 1958, as amended (``the Act''), in 
connection with the financing of a small concerns, has sought an 
exemption under Section 312 of the Act and Section 107.730, Financings 
which Constitute Conflicts of Interest of the Small Business

[[Page 10958]]

Administration (``SBA'') Rules and Regulations (13 CFR 107.730). 
GarMark SBIC Fund, L.P., is proposing to provide financing to CAbi, 
LLC, 18915 South Laurel Park Road, Rancho Dominguez, California 90220. 
The financing will be used, in part, for working capital, to pay the 
seller, to pay off existing debt, and to pay fees and expenses.
    The proposed transaction is brought within the purview of Sec.  
107.730 of the Regulations because CAbi, LLC. will be using financing 
proceeds from GarMark SBIC Fund, L.P., in part to discharge obligations 
to GarMark Partners II, L.P. which is an Associate of GarMark SBIC 
Fund, L.P., as defined at Sec.  107.50 due to common management.
    Therefore, the proposed transaction is considered self-deal 
pursuant to 13 CFR 107.730 and requires a regulatory exemption. Notice 
is hereby given that any interested person may submit written comments 
on the transaction within fifteen days of the date ofthis publication 
to Associate Administrator for Investment, U.S. Small Business 
Administration, 409 Third Street SW., Washington, DC 20416.

    Dated: February 9, 2017.
Michele Schimpp,
Acting Associate Administrator for Investment and Innovation.
[FR Doc. 2017-03147 Filed 2-15-17; 8:45 am]
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