Notice2022-17425
Rand Capital Corporation, 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
August 15, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 156 (Monday, August 15, 2022)</title>
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[Federal Register Volume 87, Number 156 (Monday, August 15, 2022)]
[Notices]
[Pages 50129-50130]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17425]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34667; File No. 812-15348]
Rand Capital Corporation, et al.
August 9, 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
[[Page 50130]]
(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 amend a previous
order granted by the Commission that permits 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: Rand Capital Corporation, Rand Capital Management, LLC,
Rand Capital Sub LLC, Callodine Capital Management, LP, Callodine
Credit Management, LLC, Callodine Strategic Credit, LLC, Bluearc
Mezzanine Partners I, L.P., Callodine Asset Based Loan Fund II, LP,
Callodine Perpetual ABL Fund, LP, Callodine Capital Fund, LP, Callodine
Capital Offshore Fund, Ltd., Callodine Capital Master Fund, LP,
Callodine BDC Income Fund, LP, Callodine Equity Income Fund, LP,
Callodine Strategic Credit Fund II, LP, Thorofare, LLC, Thorofare Asset
Based Lending Fund IV, L.P., Thorofare Asset Based Lending REIT Fund
IV, LLC, Thorofare Asset Based Lending Fund V, L.P. and Thorofare Asset
Based Lending REIT Fund V, LLC.
FILING DATES: The application was filed on June 13, 2022, and amended
on August 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#6f3c0a0c1d0a1b0e1d161c42200909060c0a2f1c0a0c41080019"><span class="__cf_email__" data-cfemail="2e7d4b4d5c4b5a4f5c575d03614848474d4b6e5d4b4d00494158">[email 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 September
2, 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#d586b0b6a7b0a1b4a7aca6f89ab3b3bcb6b095a6b0b6fbb2baa3"><span class="__cf_email__" data-cfemail="a7f4c2c4d5c2d3c6d5ded48ae8c1c1cec4c2e7d4c2c489c0c8d1">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#c093a5a3b2a5b4a1b2b9b3ed8fa6a6a9a3a580b3a5a3eea7afb6"><span class="__cf_email__" data-cfemail="3d6e585e4f58495c4f444e10725b5b545e587d4e585e135a524b">[email protected]</span></a>. Applicants: James
Morrow at <a href="/cdn-cgi/l/email-protection#274d4a48555548506744464b4b48434e49420944484a"><span class="__cf_email__" data-cfemail="244e494b56564b5364474548484b404d4a410a474b49">[email protected]</span></a> or Daniel Penberthy at
<a href="/cdn-cgi/l/email-protection#debaaebbb0bcbbacaab6a79eacbfb0babdbfaeb7aabfb2f0bdb1b3"><span class="__cf_email__" data-cfemail="117561747f7374636579685163707f757270617865707d3f727e7c">[email protected]</span></a>. Anne G. Oberndorf, Esq., Eversheds
Sutherland (US) LLP, at <a href="/cdn-cgi/l/email-protection#d5b4bbbbb0bab7b0a7bbb1baa7b395b0a3b0a7a6bdb0b1a6f8a6a0a1bdb0a7b9b4bbb1fba0a6"><span class="__cf_email__" data-cfemail="a4c5cacac1cbc6c1d6cac0cbd6c2e4c1d2c1d6d7ccc1c0d789d7d1d0ccc1d6c8c5cac08ad1d7">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Bruce R. MacNeil, Senior Counsel, or
Kaitlin C. Bottock, 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' first amended and
restated application, dated August 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 <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,
Deputy Secretary.
[FR Doc. 2022-17425 Filed 8-12-22; 8:45 am]
BILLING CODE 8011-01-P
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