2564 Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices

10 17 CFR 200.30–3(a)(12).

available for inspection and copying at

the Commission’s Public Reference

Section, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the PHLX. All submissions

should refer to SR–Phlx–95–92 and

should be submitted by February 16,

1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.10

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–1364 Filed 1–25–96; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Application No. 99000180]

Enterprise Fund, 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

Enterprise Fund, L.P., 150 North

Meramec, Clayton, Missouri 63105–

3753 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. Enterprise

Fund, L.P., is a Delaware limited

partnership. The Fund investments will

be made primarily in small business

concerns located in the St. Louis,

Missouri metropolitan area. Enterprise

Fund, L.P. may also consider

investments in the Eastern Missouri and

Southern Illinois regions, and the Fund

may make a limited number of

investments in businesses located

within a 250-mile radius of St. Louis.

The General Partner of Enterprise

Fund, L.P. is Enterprise Capital

Management, Inc. The president of the

General Partner is Joseph D. Garea. Mr.

Garea has extensive experience in

banking, finance, and investment

analysis.

Enterprise Fund, L.P. will begin

operations with committed capital of

$10,050,000 and will be a source of

equity and debt financings for qualified

small business concerns. The SBIC GP

will not engage in any business other

than serving as general partner of the

applicant. The applicant will operate

without SBA leverage. The following

limited partners will own 10 percent or

more of the proposed SBIC:

Name and Percentage of Ownership

General American Insurance Co., c/o

Leonard Rubenstein, 700 Market

Street, St. Louis, MO 63101: 30%

Enterbank Holdings, Inc., c/o James C.

Wagner, 150 N. Meramec, Clayton,

MO 63105: 10%

Investments are contemplated in

various manufacturing, distribution, and

service businesses where the portfolio

company’s position offers growth

potential through increased market

share or growth in the market or niche.

No industry is specifically targeted or

excluded; however, the mix of portfolio

companies is expected to mirror the

general business population of the

region. Investments in high technology

companies, restaurants, or companies in

those industries prohibited in the

regulations promulgated by the SBA

will not be pursued.

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 Clayton, Missouri.

(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. 96–1278 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

[Application No. 99000179]

Wells Fargo Small Business

Investment Company, Inc.; 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

Wells Fargo Small Business Investment

Company, Inc., One Montgomery Street,

West Tower, Suite 2530, San Francisco,

CA 94104 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.

Wells Fargo Small Business Investment

Company, Inc., is a California

corporation. The Fund’s principal

geographic operating area will be

California, however the applicant may

from time to time review selective

opportunities throughout the United

States.

The applicant’s only stockholder is

Wells Fargo Equity Capital, Inc. There is

only one class of stock. All shares have

equal voting rights regarding dividends,

liquidation and other organic matters,

all in accordance with the laws of the

State of California. The stock is not

subject to redemption. The responsible

managers of the applicant are Richard R.

Green, President, and Steven W. Burge,

Managing Director. Both Mr. Green and

Mr. Burge will devote as much of their

time as is necessary to manage the

affairs of the applicant. Both Mr. Green

and Mr. Burge have extensive

experience in banking, finance, and

investment analysis.

The initial capitalization of

$5,000,000 has been provided by Wells

Fargo Equity Capital, Inc., the

applicant’s parent. The applicant will

operate without SBA leverage. The

following shareholders will own 10

percent or more of the proposed SBIC:

Name and Percentage of Ownership

Wells Fargo Equity Capital, Inc., One

Montgomery Street, West Tower,

Suite 2530, San Francisco, CA 94104:

100%

The applicant intends to support the

growth and development of small

business concerns in the State of

California through a focus on the capital

needs of small but viable enterprises

that fall into the main stream of

American business. The applicant

expects to contribute to the small

business community by establishing

itself as a reliable source of

supplimentary risk capital having

different industry interests and different

investment criteria than may be

generally available in the market place.

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
Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices 2565

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 San Francisco, California.

(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. 96–1277 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

[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

[Application No. 99000191]

Mellon Ventures, 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

Mellon Ventures, L.P., One Mellon Bank

Center, Rm. 151–3200, Pittsburgh, PA

15258–0001 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.

Mellon Ventures, L.P., is a Delaware

limited partnership. The Fund’s

operating area will be nationwide, but

will focus primarily in the Mid-Atlantic

and South-Atlantic states.

The Limited Partners of the applicant

will be Mellon Bank N.A. (the ‘‘Class B

Limited Partner’’) and senior managers

of Mellon Ventures, Inc. (the ‘‘Class A

Limited Partners’’). The sole General

Partner of the applicant will be MVM,

L.P. (the ‘‘General Partner’’). The

General Partner of MVM, L.P. (a

Delaware limited partnership) is MVM,

Inc. (a Delaware corporation) whose sole

shareholder and Chief Executive Officer

is Lawrence E. Mock Jr. Mr. Mock, Jr.

has extensive experience in banking,

finance, and investment analysis.

Mellon Ventures, L.P. will initially be

capitalized with $2,500,000 of capital

provided by Mellon Bank, N.A., as the

Class B Limited Partner, and $25,000 of

capital provided by the General Partner.

Class A Limited Partners will contribute

a de minimus amount for their interest.

Additional capital will be provided by

the Class B Limited Partner and General

Partner as needed to fund investments

and in the discretion of the Class B

Limited Partner. The SBIC GP will not

engage in any business other than

serving as general partner of the

applicant. The applicant will operate

without SBA leverage. The following

limited partners will own 10 percent or

more of the proposed SBIC:

Name and Percentage of Ownership

Mellon Bank, N.A., One Mellon Bank

Center, Pittsburgh, PA 15258–0001:

99%