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)

Page Range		36658-36658
FR Document		2018-16206

Federal Register, Volume 83 Issue 146 (Monday, 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]
 BILLING CODE P

36658 Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices

as the Framework owner and would SMALL BUSINESS ADMINISTRATION SUMMARY: This document announces a
make the ROO responsible to the ICC temporary decrease in the guarantee fees
[License No. 03/03–0249] that the U.S. Small Business
President for the successful operation
and maintenance of the Framework. The Administration (SBA) charges all Surety
Argosy Investment Partners IV, L.P.;
Framework would also designate certain companies and Principals on each
Notice Seeking Exemption Under the
responsibilities to ICC’s CRO and the guaranteed bond (other than a bid bond)
Small Business Investment Act,
Risk Committee. The Commission issued in SBA’s Surety Bond Guarantee
Conflicts of Interest
believes that in doing so the Framework (SBG) Program.
would allow ICC to establish clear and Notice is hereby given that Argosy DATES:
transparent arrangements for governing Investment Partners IV, L.P., 950 West Applicability Date: The fee decreases
the Framework and its model validation Valley Road, Suite 2900, Wayne, PA described in this document will apply
procedures. The Commission further 19087, a Federal Licensee under the to all SBA surety bond guarantees
Small Business Investment Act of 1958, approved during the one year period
believes that these same arrangements
as amended (‘‘the Act’’), in connection beginning October 1, 2018 and ending
would contribute to ICC’s fulfilling the
with the financing of a small concern, September 30, 2019.
public interest requirements in Section Comment Date: SBA must receive
has sought an exemption under Section
17A of the Act 40 applicable to clearing 312 of the Act and Section 107.730, comments on or before August 29, 2018.
agencies, and the objectives of owners Financings which Constitute Conflicts ADDRESSES: You may submit comments,
and participants. Finally, the of Interest of the Small Business identified by Docket No. SBA–2018–
Commission believes that these Administration (‘‘SBA’’) Rules and 0007, by any of the following methods:
procedures and arrangements would Regulations (13 CFR 107.730). Argosy (1) Federal eRulemaking Portal: http://
promote the effectiveness of ICC’s risk Investment Partners IV, L.P. is seeking www.regulations.gov, following the
management procedures by clarifying post-financing approval from SBA for instructions for submitting comments;
the process for, and responsibilities loan and equity financings it made to or (2) Mail/Hand Delivery/Courier:
associated with, using the Framework to POSC Holdings LLC, formerly known as Jermanne Perry, Surety Bond Specialist,
improve ICC’s risk management system. Panhandle Oilfield Service Companies, U.S. Small Business Administration,
Therefore, for the above reasons the Inc., 14000 Quail Springs Parkway, Office of Surety Guarantees, 409 Third
Commission finds that the proposed Suite 300, Oklahoma City, OK 73134. Street SW, Suite 8600, Washington, DC
rule change is consistent with Rule The financing is brought within the 20416.
17Ad–22(d)(8).41 purview of § 107.730(a)(1) of the SBA will post all comments on
Regulations because Argosy Investment www.regulations.gov. If you wish to
IV. Conclusion Partners V, L.P., an Associate of Argosy submit confidential business
Investment Partners IV, L.P., owns more information (CBI) as defined in the User
On the basis of the foregoing, the than ten percent of POSC Holdings LLC, Notice at www.regulations.gov, you
Commission finds that the proposal is and therefore this transaction is must submit such information to U.S.
consistent with the requirements of the considered Financing an Associate Small Business Administration,
Act, and in particular, with the requiring prior SBA approval. Argosy Jermanne Perry, Office of Surety
requirements of Section 17A(b)(3)(F) of Investment Partners IV, L.P. has already Guarantees, 409 Third Street SW,
the Act 42 and Rules 17Ad–22(b)(2), made its investments in POSC Holdings Washington, DC 20416 or send an email
17Ad–22(b)(3), 17Ad–22(b)(4), and LLC and is seeking post-financing SBA to jermanne.perry@sba.gov. Highlight
17Ad–22(d)(8) thereunder.43 approval. the information that you consider to be
It is therefore ordered pursuant to Notice is hereby given that any CBI and explain why you believe SBA
Section 19(b)(2) of the Act 44 that the interested person may submit written should hold this information as
proposed rule change (SR–ICC–2018– comments on this transaction within confidential. SBA will review your
fifteen days of the date of this information and determine whether it
004) be, and hereby is, approved.45
publication to the Associate will make the information public.
For the Commission, by the Division of Administrator, Office of Investment and FOR FURTHER INFORMATION CONTACT:
Trading and Markets, pursuant to delegated Innovation, U.S. Small Business Jermanne Perry, Surety Bond Specialist,
authority.46 Administration, 409 Third Street SW, Office of Surety Guarantees, (202) 401–
Eduardo A. Aleman, Washington, DC 20416. 8275; jermanne.perry@sba.gov.
Assistant Secretary. SUPPLEMENTARY INFORMATION: Under its
A. Joseph Shepard,
[FR Doc. 2018–16164 Filed 7–27–18; 8:45 am]
Associate Administrator for Office of
SBG Program, the SBA guarantees bid,
BILLING CODE 8011–01–P Investment and Innovation. payment and performance bonds for
[FR Doc. 2018–16206 Filed 7–27–18; 8:45 am]
small and emerging contractors who
cannot obtain surety bonds through
BILLING CODE P
regular commercial channels. SBA’s
guarantee gives Sureties an incentive to
SMALL BUSINESS ADMINISTRATION provide bonding for small businesses
40 15
and, thereby, assists small businesses in
U.S.C. 78q–1.
41 17 CFR 240.17Ad–22(d)(8).
[Docket No.: SBA–2018–0007] obtaining greater access to contracting
opportunities. SBA’s guarantee is an
daltland on DSKBBV9HB2PROD with NOTICES

42 15 U.S.C. 78q–1(b)(3)(F).
Surety Bond Guarantee Program Fees agreement between a Surety and SBA
43 17 CFR 240.17Ad–22(b)(2)–(4), (d)(8).

44 15 U.S.C. 78s(b)(2). AGENCY: U.S. Small Business that SBA will assume a certain
45 In approving the proposed rule change, the Administration. percentage of the Surety’s loss should a
Commission considered the proposal’s impact on contractor default on the underlying
ACTION: Notification of temporary
efficiency, competition, and capital formation. 15 contract. Pursuant to its statutory
initiative to test lower fees; request for
U.S.C. 78c(f). authority ‘‘to establish such fee or fees
public comments.
46 17 CFR 200.30–3(a)(12). for small business concerns and

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Document Created: 2018-07-28 01:44:49
Document Modified: 2018-07-28 01:44:49

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 36658