[Federal Register Volume 85, Number 128 (Thursday, July 2, 2020)]
[Notices]
[Page 39966]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14288]
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SMALL BUSINESS ADMINISTRATION
[License No. 03/33-0268]
Renovus Capital Partners II, L.P.; Notice Seeking Exemption Under
Section 312 of the Small Business Investment Act, Conflicts of Interest
Notice is hereby given that Renovus Capital Partners II, L.P., 460
E. Swedesford Road, Suite 2050, 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).
Renovus Capital Partners L.P and Renovus Capital Partners II, L.P.
provide equity financing to RCP Education I, LLC d/b/a Great Lakes
Institute of Technology, 5100 Peach Street, Erie Pennsylvania 16509.
The financing is brought within the purview of Sec. 107.730(a)(1)
of the Regulations because Renovus Capital Partners, L.P., an Associate
of Renovus Capital Partners II, L.P., owns more than ten percent of RCP
Education I, LLC d/b/a Great Lakes Institute of Technology and
therefore this transaction is considered Financing an Associate
requiring prior SBA written exemption.
Therefore, this transaction is considered financing an Associate,
requiring a prior SBA exemption. Notice is hereby given that any
interested person may submit written comments on the transaction,
within fifteen days of the date of this publication, to the Associate
Administrator for Investment, U.S. Small Business Administration, 409
Third Street SW, Washington, DC 20416.
Christopher L. Weaver,
Acting Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2020-14288 Filed 7-1-20; 8:45 am]
BILLING CODE P