[Federal Register Volume 84, Number 238 (Wednesday, December 11, 2019)]
[Notices]
[Pages 67764-67765]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26616]


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SMALL BUSINESS ADMINISTRATION

[License No. 04/04-0330]


Ballast Point Ventures III, L.P.; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Ballast Point Ventures III, L.P., 401 
East Jackson Street, Suite 2300, Tampa, FL 33602, a Federal Licensee 
under the Small Business Investment Act of 1958, as amended (``the 
Act''), in connection with the financing in a small concern, has sought 
an exemption under Section 312 of the Act, Section 107.730, Financings 
which constitute Conflicts of Interest of the Small Business 
Administration (``SBA'') Rules and Regulations (13 CFR 107.730). 
Ballast Point Ventures III, L.P. proposes to invest $2 million in 
YPrime Inc., 9 Great Valley Parkway, Malvern, PA 19355, in a proposed 
$5 million follow-on financing led by a significant sophisticated third 
party. The financing is brought within the purview of Sec.  
107.730(a)(1) of the Regulations because Ballast Point Ventures II, LP 
and Ballast Point Ventures EF II, LP (together ``BPV II'') and YPrime 
Inc. are Associates to the Licensee. YPrime is expected to receive $5 
million from a proposed $5 million follow-on financing. Thus, this 
transaction constitutes a Conflict of Interest requiring SBA's prior 
written exemption.
    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

[[Page 67765]]

Administration, 409 Third Street SW, Washington, DC 20416.

A. Joseph Shepard,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2019-26616 Filed 12-10-19; 8:45 am]
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