[Federal Register Volume 82, Number 177 (Thursday, September 14, 2017)]
[Page 43279]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-19484]



Celerity Partners SBIC, L.P.

[License No. 09/79-0445]

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

    Notice is hereby given that Celerity Partners SBIC, L.P., 11150 
Santa Monica Boulevard, Suite 1470, Los Angeles, CA 90025, a Federal 
Licensee under the Small Business Investment Act of 1958, as amended 
(``the Act''), in connection with the sale of a small concern, has 
sought an exemption under Section 312 of the Act, Section 107.730(a), 
you must not self-deal to the prejudice of a Small Business, the 
Licensee, its shareholders or partners, or SBA., and Section 
107.730(e)(3), Associate must not receive any income or anything of 
value from the Portfolio Concern unless it is for your benefit, with 
the exception of director's fees, expenses, and distributions based 
upon the Associate's ownership interest in the Concern. The transaction 
is brought within the purview of Sections 107.730(a) and 107.730(e)(3) 
of the Regulations because which constitutes Conflicts of Interest of 
the Small Business Administration (``SBA'') Rules. Celerity Partners 
SBIC, L.P. proposes to sell eStudy Site Inc. (``eSS), 292 Euclid Ave, 
Suite 225, San Diego, California 92114, with NRI Clinical Research 
(``NRI'') and, Meridien Research, Inc. (``Meridien''). Because the 
Associates, Mark Benham and Matt Kraus, will receive proceeds from 
their investments and carried interests from Meridien and NRI, and a 
transaction fee, this transaction constitutes Conflict of Interest 
requiring SBA's prior written exemption.
    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.

A. Joseph Shepard,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2017-19484 Filed 9-13-17; 8:45 am]