Healthcare Fund Seeks Waiver for Tricky Conflict-of-Interest Investment Deal
Published Date: 3/27/2025
Notice
Summary
LCM Healthcare Fund I, L.P. wants special permission from the Small Business Administration to invest in Northwest Surgical Development Company, even though the deal isn’t on the usual terms. This affects small businesses and investors, and the SBA is asking for public comments within 15 days before giving the green light. No money has changed hands yet, so this is a heads-up for anyone interested in the process.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Fund Seeks SBA Exemption to Invest
LCM Healthcare Fund I, L.P. is asking the Small Business Administration for a written exemption under Section 312 and 13 CFR 107.730 so it can provide equity financing to Northwest Surgical Development Company, Inc. The notice says the financing would be to an "Associate" on different terms and not at the same time as others, and that LCM has not made the investment yet. The SBA invited written comments within fifteen days of the publication date (March 27, 2025).
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17106, Administrative Declaration of a Disaster for the State of Illinois
This is notice of an Administrative declaration of a disaster for the state of Illinois dated August 18, 2026. Incident: Severe Storms.
2026-17042, Small Business Size Standards
The U.S. Small Business Administration (SBA or the Agency) is proposing new size standards for 338 industry groups and industries. The new size standards are designed to better reflect the nature of the markets in which small businesses compete. SBA seeks comments on its proposed changes to size standards.
2026-16952, Administrative Declaration of an Economic Injury Disaster for the State of California
This is notice of an Economic Injury Disaster Loan (EIDL) declaration for the state of California dated August 14, 2026. Incident: 2026 Los Palos Incident.
2026-16955, Administrative Disaster Declaration of a Rural Area for the Commonwealth of Northern Mariana Islands
This is notice of an Administrative disaster declaration of a rural area for the commonwealth of Northern Mariana Islands dated August 14, 2026. Incident: Super Typhoon Bavi.
2026-17020, Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Wisconsin
This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of Wisconsin (FEMA-4923-DR), dated June 30, 2026. Incident: Severe Storms, Tornadoes, and Flooding.
2026-16953, Administrative Disaster Declaration of a Rural Area for the State of Nebraska
This is notice of an Administrative disaster declaration of a rural area for the state of Nebraska dated August 14, 2026. Incident: Wildfires.
Previous / Next Documents
Previous: 2025-05264, Proposed Collection; Comment Request; Extension: Rules 300-304 of Regulation Crowdfunding (Intermediaries)
The SEC wants to keep the rules for crowdfunding platforms (intermediaries) just as they are, making sure they stay registered, check issuers properly, and share info with investors online for at least 21 days. This affects crowdfunding websites and their users, with no new costs or big changes, just an extension of current rules. Comments are open now before the SEC asks for official approval to keep things running smoothly.
Next: 2025-05266, Surrender of License of Small Business Investment Company; Silver Lake Waterman Fund II, L.P.
Silver Lake Waterman Fund II, L.P. has officially given up its license to operate as a Small Business Investment Company. This means they won’t be making new investments under this program anymore. The change is effective immediately, so small businesses looking for funding from this source will need to look elsewhere.