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

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Published

February 15, 2023

Issuing agencies

Small Business Administration

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[Federal Register Volume 88, Number 31 (Wednesday, February 15, 2023)]
[Notices]
[Pages 9946-9947]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03188]


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SMALL BUSINESS ADMINISTRATION

[LFE Growth Fund III, L.P.--License No. 05/05-0320; LFE Growth Fund IV, 
L.P.--License No. 04/04-0359]


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

    Notice is hereby given that LFE Growth Fund III, L.P. and LFE 
Growth Fund IV, L.P., 319 Barry Avenue South, Suite 215, Wayzata, MN 
55391, both Federal Licensees under the Small Business Investment Act 
of 1958, as amended (``the Act''), in connection with the financing of 
a small concern have sought an exemption under Section 312 of the Act 
and 13 CFR 107.730, Financings which Constitute Conflicts of Interest, 
of the Code of Federal Regulations. LFE Growth Fund III, L.P. and LFE 
Growth Fund IV, L.P. propose to provide equity security financing to 
Peace Coffee LLC (the ``Company'').
    The proposed transaction is brought within the purview of 13 CFR 
107.730(a) of the Code of Federal Regulations because LFE Growth Fund 
III, L.P. and LFE Growth Fund IV, L.P., Associates by virtue of Common 
Control as defined in 13 CFR 107.50, each hold a greater than 10% 
equity ownership in the Company. By virtue of their equity ownership in 
the Company, the Company is considered an Associate, as defined in 13 
CFR 107.50, requiring the U.S. Small Business Administration's prior 
written exemption.

[[Page 9947]]

    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.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, U.S. 
Small Business Administration.
[FR Doc. 2023-03188 Filed 2-14-23; 8:45 am]
BILLING CODE 8026-09-P


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