Deerpath Funding Advantage IV, LP Exemption Request Under SBIA Section 312
Summary
The SBA published a notice on April 22, 2026 seeking public comment on Deerpath Funding Advantage IV, LP's request for an exemption under Section 312 of the Small Business Investment Act and 13 CFR 107.730 for a proposed securities transaction. The firm seeks to purchase securities of a portfolio concern from non-SBIC Deerpath Capital funds, which are classified as Associates under common control, constituting a conflict of interest requiring SBA's prior written exemption.
“Notice is hereby given that any interested person may submit written comments on the 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.”
What changed
The SBA published a notice on April 22, 2026 seeking public comment on Deerpath Funding Advantage IV, LP's request for an exemption under Section 312 of the Small Business Investment Act and 13 CFR 107.730 for a proposed securities transaction. The firm seeks to purchase securities of a portfolio concern from non-SBIC Deerpath Capital funds, which are classified as Associates under common control, constituting a conflict of interest requiring SBA's prior written exemption.
Affected parties include SBIC licensees and investors in small business investment companies who may need to seek similar exemptions for affiliated fund transactions. Any interested person may submit written comments within 15 days of publication to the Associate Administrator, Office of Investment and Innovation.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Notice
Deerpath Funding Advantage IV, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
A Notice by the Small Business Administration on 04/22/2026
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- Public Inspection Published Document: 2026-07797 (91 FR 21590) Document Headings ###### Small Business Administration
- [License No. 02020679] Notice is hereby given that Deerpath Funding Advantage IV, LP 500 East Broward Blvd., Suite 2300, Fort Lauderdale, FL 33394, Federal Licensee under the Small Business Investment Act of 1958, as amended (“the Act”), in connection with the proposed purchase of securities from Associates of Deerpath Funding Advantage IV, LP, has 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. Deerpath Funding Advantage IV, LP is seeking a written exemption from SBA for a proposed transaction with certain non-SBIC Deerpath Capital funds in which securities of a portfolio concern would be purchased by Deerpath Funding Advantage IV, LP.
The financing is brought within the purview of 13 CFR 107.730(a) of the Regulations because the non-SBIC Deerpath Capital funds are Associates of Deerpath Funding Advantage IV, LP as they are under Common Control and therefore this transaction is considered a Financing which constitutes a conflict of interest requiring SBA's prior written exemption.
Notice is hereby given that any interested person may submit written comments on the 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.
Paul Salgado,
Director, Investment Portfolio Management, Office of Investment and Innovation.
[FR Doc. 2026-07797 Filed 4-21-26; 8:45 am]
BILLING CODE 8026-09-P
Published Document: 2026-07797 (91 FR 21590)
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