83 FR 36658 - Argosy Investment Partners IV, L.P.; Notice Seeking Exemption Under the Small Business Investment Act, Conflicts of Interest

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 83, Issue 146 (July 30, 2018)

[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)]
[Notices]
[Page 36658]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16206]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0249]


Argosy Investment Partners IV, L.P.; Notice Seeking Exemption 
Under the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Argosy Investment Partners IV, L.P., 
950 West Valley Road, Suite 2900, Wayne, PA 19087, 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). Argosy 
Investment Partners IV, L.P. is seeking post-financing approval from 
SBA for loan and equity financings it made to POSC Holdings LLC, 
formerly known as Panhandle Oilfield Service Companies, Inc., 14000 
Quail Springs Parkway, Suite 300, Oklahoma City, OK 73134.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Argosy Investment Partners V, L.P., an 
Associate of Argosy Investment Partners IV, L.P., owns more than ten 
percent of POSC Holdings LLC, and therefore this transaction is 
considered Financing an Associate requiring prior SBA approval. Argosy 
Investment Partners IV, L.P. has already made its investments in POSC 
Holdings LLC and is seeking post-financing 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.

A. Joseph Shepard,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2018-16206 Filed 7-27-18; 8:45 am]
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