Notice2022-04816

Onex Falcon Direct Lending BDC Fund, et al.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
March 8, 2022

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 87 Issue 45 (Tuesday, March 8, 2022)</title>
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[Federal Register Volume 87, Number 45 (Tuesday, March 8, 2022)]
[Notices]
[Pages 13023-13024]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-04816]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34523; File No. 812-15234]


Onex Falcon Direct Lending BDC Fund, et al.

March 2, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order (``Order'') under sections 17(d) 
and 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 
17d-1 under the Act to permit certain joint transactions otherwise 
prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 
under the Act.
    Summary of Application: Applicants request an order to permit 
certain business development companies (``BDCs'') and closed-end 
management investment companies to co-invest in portfolio companies 
with each other and with certain affiliated investment entities.
    Applicants: Onex Falcon Direct Lending BDC Fund, Onex Credit 
Lending Partners I LP, Onex Senior Credit Fund, L.P., Onex Senior 
Credit II, LP, Onex Capital Solutions (Luxembourg), SCSp, Onex Capital 
Solutions, LP, Onex Credit High Yield Bond Fund, LP, Onex Credit HY LP, 
Onex Credit Proprietary Fund LP, Onex Senior Loan Opportunity Fund I, 
LP, Onex Structured Credit Opportunities Fund I, LP, P-O Senior Loan 
Opportunity Fund, LP, OCP CLO 2013-4, Ltd., OCP CLO 2014-5, Ltd., OCP 
CLO 2014-6, Ltd., OCP CLO 2014-7, Ltd., OCP CLO 2015-9, Ltd., OCP CLO 
2015-10, Ltd., OCP CLO 2016-11, Ltd., OCP CLO 2016-12, Ltd., OCP CLO 
2017-13, Ltd., OCP CLO 2017-14, Ltd., OCP CLO 2018-15, Ltd., OCP CLO 
2019-16, Ltd., OCP CLO 2019-17, Ltd., OCP CLO 2020-8R, Ltd., OCP CLO 
2020-18, Ltd., OCP CLO 2020-19, Ltd., OCP CLO 2020-20, Ltd., OCP CLO 
2021-21, Ltd., OCP EURO CLO 2017-1 Designated Activity Company, OCP 
EURO CLO 2017-2 Designated Activity Company, OCP EURO CLO 2019-3 
Designated Activity Company, OCP EURO CLO 2020-4 Designated Activity 
Company, Falcon Strategic Partners IV, LP, Falcon Strategic Partners V, 
LP, Falcon Structured Equity Partners, LP, Falcon Private Credit 
Opportunities VI, LP, Onex Falcon Senior Credit Solutions (Luxembourg), 
SCSp, Onex Credit Partners, LLC, Onex Falcon Investment Advisors, LLC, 
Onex Credit Management LLC, Onex Credit Partners Europe LLP, Onex 
Credit Finance Corporation, and Onex Credit Finance II Corporation.
    Filing Dates: The application was filed on June 2, 2021, and 
amended on October 5, 2021, and January 4, 2022.
    Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#ca99afa9b8afbeabb8b3b9e785acaca3a9af8ab9afa9e4ada5bc"><span class="__cf_email__" data-cfemail="c192a4a2b3a4b5a0b3b8b2ec8ea7a7a8a2a481b2a4a2efa6aeb7">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on, March 
28, 2022, and should be accompanied by proof of service on applicants, 
in the form of an affidavit or, for lawyers, a certificate of service. 
Pursuant to rule 0-5 under the Act, hearing requests should state the 
nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
<a href="/cdn-cgi/l/email-protection#aaf9cfc9d8cfdecbd8d3d987e5ccccc3c9cfead9cfc984cdc5dc"><span class="__cf_email__" data-cfemail="a6f5c3c5d4c3d2c7d4dfd58be9c0c0cfc5c3e6d5c3c588c1c9d0">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#a7f4c2c4d5c2d3c6d5ded48ae8c1c1cec4c2e7d4c2c489c0c8d1"><span class="__cf_email__" data-cfemail="e6b5838594839287949f95cba980808f8583a6958385c8818990">[email&#160;protected]</span></a>. Applicants: 
William J. Kennedy, <a href="/cdn-cgi/l/email-protection#67100c02090902031e2701060b0408090e09110214130a020913144904080a"><span class="__cf_email__" data-cfemail="76011d13181813120f3610171a1519181f18001305021b131802055815191b">[email&#160;protected]</span></a>, Rajib Chanda, 
<a href="/cdn-cgi/l/email-protection#c391a2a9aaa1ed80aba2ada7a283b0b7a1afa2b4eda0acae"><span class="__cf_email__" data-cfemail="481a2922212a660b2029262c29083b3c2a24293f662b2725">[email&#160;protected]</span></a>, and Steven Grigoriou, 
<a href="/cdn-cgi/l/email-protection#184b6c7d6e7d76365f6a717f776a71776d586b6c7a74796f367b7775"><span class="__cf_email__" data-cfemail="693a1d0c1f0c07472e1b000e061b00061c291a1d0b05081e470a0604">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Jessica D. Leonardo, Senior Counsel, 
or Lisa Reid Ragen, Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' second amended 
and restated application, dated January 4, 2022, which may be obtained 
via the Commission's website by searching for the file number at the 
top of this document, or for an Applicant using the Company name search 
field, on the SEC's EDGAR system. The SEC's EDGAR system may be 
searched at, at

[[Page 13024]]

<a href="http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may 
also call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-04816 Filed 3-7-22; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on March 8, 2022.

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