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).
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