FR 2025-05266

The document published in the Federal Register announces the termination of a license previously granted to Silver Lake Waterman Fund II, L.P. to function as a small business investment company. This action, taken by the United States Small Business Administration (SBA), effectively nullifies the company's authority to operate under the said license. The action is carried out under the provisions of the Small Business Investment Act of 1958 and relevant federal regulations.

General Summary

The notice signifies that Silver Lake Waterman Fund II, L.P.'s license to operate as a small business investment company has been declared null and void. This decision is based on the regulatory authority granted to the SBA by legislative and regulatory provisions. The document outlines the official nature of this action, as noted by the Director of Patient Capital Investments within the SBA's Office of Investment and Innovation.

Significant Issues or Concerns

Some notable concerns arise from the document's content and presentation:

• Lack of Contextual Details: The notice does not specify the reasons behind the surrender of the license, leaving readers without context about why this decision was made.

• Absence of Licensee's Position: It is unclear whether Silver Lake Waterman Fund II, L.P. agreed to the surrender, or if this decision was imposed by the SBA. This lack of clarity might affect understanding of the situation's dynamics.

• No Information on Consequences: The document does not address what the immediate or long-term consequences or next steps are for the company following the license's nullification.

• Missing Information Fields: The metadata lacks an abstract and does not specify the action type, which could have provided readers with clearer upfront guidance.

Impact on the Public

For the general public, this notice primarily has an informative role. It highlights regulatory oversight and enforcement by the SBA on small business investment companies. While most individuals may not be directly affected, those interested in understanding government regulation practices may find it noteworthy.

Impact on Specific Stakeholders

• Silver Lake Waterman Fund II, L.P.: This company is directly impacted as it can no longer operate under their small business investment company license. The lack of further information leaves uncertainty about their business's future operations or strategy.

• Small Business Community: Other small business investment companies may view this action as a reminder of the importance of compliance with SBA regulations and could be motivated to ensure their own regulations are in order to avoid similar actions.

• Investors: Existing or potential investors in Silver Lake Waterman Fund II, L.P. may experience uncertainty about the security of their investments or prospects for future returns, potentially affecting confidence.

Overall, while the document clearly communicates the official action of terminating a license, it leaves several questions unanswered, particularly for those directly involved and those following regulatory practices.