[Federal Register Volume 61, Number 18 (Friday, January 26, 1996)]
[Notices]
[Page 2565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1276]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000183]


Sundance Venture Partners, II L.P.; Notice of Filing of 
Application for a License To Operate as a Small Business Investment 
Company

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1995)) by Sundance Venture Partners, II L.P., 400 East Van 
Buren Street, Phoenix, Arizona 85004 for a license to operate as a 
small business investment company (SBIC) under the Small Business 
Investment Act of 1958, as amended, (15 U.S.C. et. seq.), and the Rules 
and Regulations promulgated there under. Sundance Venture Partners, II 
L.P., is a Delaware limited partnership. The business of the applicant 
will be principally carried on in the State of Arizona and in the 
Southwestern United States. The applicant may, however, make selective 
investments outside the State of Arizona and its target geographical 
markets or participate in syndicated deals with other SBICs in 
different parts of the country.
    The General Partner is Anderson & Wells Company, a Delaware 
corporation that is managed by its three principals, Gregory S. 
Anderson, President, Larry J. Wells, Chairman, and Brian N. Burns, Vice 
President. Messers. Anderson, Wells, and Burns have extensive 
experience in venture capital finance.
    The Partnership is intended to be initially capitalized at 
$30,000,000 through the offering of Limited Partnership interests to 
qualified investors, with a minimum to be raised in this offering of 
Limited Partnership Interests of $5,000,000 and a maximum of 
$30,000,000. The minimum commitment for each investor is $500,000, 
although exceptions may be made by the General Partner. One quarter of 
each Limited Partner's commitment will be paid at closing. The balance 
will be payable, in installments, no earlier than 12 months and no 
later than 48 months following the Initial Closing. No such installment 
will exceed 25% of each Limited Partner's total capital commitment. The 
General Partner, will make a capital contribution of not less than 1% 
of the aggregate capital contributions of the Limited Partners. The 
SBIC GP will not engage in any business other than serving as general 
partner of the applicant. Sundance Venture Partners, II L.P., will 
begin operations with committed capital of $5,000,000 and will be a 
source of equity financings for qualified small business concerns. The 
applicant intends on utilizing The Small Business Administration's 
Participating Security Instrument. The following limited partners will 
own 10 percent or more of the proposed SBIC:

Name and Percentage of Ownership

Prudential Securities, Inc., One Seaport Plaza, New York, NY 10292-
0131: 99%

    The applicant will invest in a wide range of industries including 
technology based industries, health care, retail, distribution and 
service businesses. Typically, the business will be a small company 
that is just beginning to enter its target market.
    Matters involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owners 
and management, and the probability of successful operations of the new 
company under their management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is hereby given that any person may, not later that 15 days 
from the date of publication of this Notice, submit written comments on 
the proposed SBIC to the Associate Administrator for Investment, Small 
Business Administration, 409 Third Street, SW, Washington, D.C. 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in Phoenix, Arizona.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies.)

    Dated: January 22, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-1276 Filed 1-25-96; 8:45 am]
BILLING CODE 8025-01-P