SBIC Seeks Waiver for Investment Conflict of Interest
Published Date: 6/17/2026
Notice
Summary
LNC Partners III-SBIC, L.P. wants to give money to West Physics Consulting, but some related funds already own a big part of that company, which creates a conflict of interest. They’re asking for a special okay to make this deal happen and are inviting people to share their thoughts within 15 days. This move could help West Physics grow while keeping everything fair and transparent.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
SBIC proposes financing for West Physics
LNC Partners III-SBIC, L.P. proposes to provide financing to West Physics Consulting, LLC to support the company's growth. The proposal is announced in this notice (Federal Register, June 17, 2026).
Transaction flagged as conflict of interest
The financing falls under 13 CFR 107.730(a) because LNC Partners I Continuation Fund L.P. and LNC Partners I Continuation Fund-A L.P. are Associates and own more than ten percent of West Physics Consulting, LLC. LNC Partners III-SBIC has sought an exemption under Section 312 of the Small Business Investment Act and 13 CFR 107.730.
15-day public comment window
Any interested person may submit written comments on the transaction to the Associate Administrator, Office of Investment and Innovation, U.S. Small Business Administration at 409 Third Street SW, Washington, DC 20416 within fifteen days of the date of this publication (June 17, 2026).
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