[Federal Register Volume 79, Number 179 (Tuesday, September 16, 2014)]
[Notices]
[Pages 55523-55524]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21997]


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SMALL BUSINESS ADMINISTRATION

[License Nos. 05/05-0297 & 05/05-0296]


Stonehenge Opportunity Fund III, L.P.; Stonehenge Opportunity 
Fund III-B, L.P.; Notice Seeking Exemption Under Section 312 of the 
Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Stonehenge Opportunity Fund III, L.P. 
and Stonehenge Opportunity Fund III-B, L.P., 191 West Nationwide 
Boulevard, Suite 600, Columbus, OH, 43215, 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 Section 107.730, Financings 
which Constitute Conflicts of Interest of the Small Business 
Administration (``SBA'') Rules and Regulations (13 CFR 107.730). 
Stonehenge Opportunity Fund III, L.P. and Stonehenge Opportunity Fund 
III-B, L.P. propose to participate in the recapitalization of DHH 
Holdings, LLC, dba Davidson Hotels & Resorts, One Ravinia Drive, Suite 
1600, Atlanta, GA, 30346 (``Davidson'') by investing subordinated debt.
    The financing requires SBA prior written exemption pursuant to 
Sec.  107.730(a) of the Regulations because it will provide a benefit 
to various individual Associates of Stonehenge Opportunity Fund III, 
L.P. and Stonehenge Opportunity Fund III-B, L.P. in the form of a cash 
distribution. The financing requires SBA prior written exemption 
pursuant to Sec.  107.730(a)(1) of the Regulations because individual 
Associates of Stonehenge Opportunity Fund III, L.P. and Stonehenge 
Opportunity Fund III-B, L.P. collectively own more than 10% of 
Davidson, so Davidson is an Associate of Stonehenge Opportunity Fund 
III, L.P. and Stonehenge Opportunity Fund III-B, L.P. as defined in 
Sec.  107.50 of the Regulations.
    Notice is hereby given that within fifteen days of the date of this 
publication, any interested person may submit written comments on the 
transaction to the Associate Administrator for Investment and 
Innovation, U.S. Small Business

[[Page 55524]]

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

    Dated: August 13, 2014.
Javier E. Saade,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2014-21997 Filed 9-15-14; 8:45 am]
BILLING CODE P