Notice2022-17524

Owl Rock 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 16, 2022

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 87 Issue 157 (Tuesday, August 16, 2022)</title>
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[Federal Register Volume 87, Number 157 (Tuesday, August 16, 2022)]
[Notices]
[Pages 50360-50361]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17524]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34670; File No. 812-15341]


Owl Rock Capital Corporation, et al.

August 10, 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 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: Owl Rock Capital Corporation, Owl Rock Capital Corporation 
II, Owl Rock Capital Corporation III, Owl Rock Core Income Corp., Owl 
Rock Technology Finance Corp., Owl Rock Technology Finance Corp. II, 
Owl Rock Technology Income Corp., Owl Rock Capital Advisors LLC, Owl 
Rock Technology Advisors LLC, Owl Rock Technology Advisors II LLC, Owl 
Rock Capital Private Fund Advisors LLC, Owl Rock Diversified Advisors 
LLC, Owl Rock First Lien Master Fund, L.P., Owl Rock First Lien Sub-
Master Fund 2, L.P., Owl Rock First Lien Sub-Master Fund Zero, L.P., 
Parliament Funding I LLC, Owl Rock First Lien Master Fund II, L.P., Owl 
Rock Diversified Lending 2020 Master Fund, L.P., Owl Rock Unlevered 
Diversified Lending 2020 Master Fund L.P., Owl Rock Unlevered 
Diversified Lending Sub-Master Fund 1, L.P., Owl Rock Unlevered 
Diversified Lending Sub-Master Fund 2, L.P., Parliament Funding III 
LLC, Owl Rock US Direct Lending SMA 2019 LP, OR Opportunistic DL (C), 
L.P., Owl Rock Opportunistic Master Fund I, L.P., Owl Rock 
Opportunistic Master Fund II, L.P, OR Opportunistic I (H), L.P., Owl 
Rock Access Fund, L.P., OR Opportunistic Co-Invest II (A), L.P., ORO II 
Master Fund I, L.P., ORO II Master Fund II, L.P., OR Lending LLC, ORCC 
Financing II LLC, ORCC Financing III LLC, ORCC Financing IV LLC, Owl 
Rock CLO I, LLC, Owl Rock CLO I, LTD, Owl Rock CLO II, LLC, Owl Rock 
CLO II, LTD, Owl Rock CLO III, LTD, Owl Rock CLO IV, LTD, Owl Rock CLO 
V, LTD, Owl Rock CLO VI, LTD, OR AH I LLC, OR DH I LLC, OR GH I LLC, OR 
MH I LLC, OR HH I LLC, OR HEH I LLC, OR PCF I LLC, ORCC BC 2 LLC, ORCC 
BC 3 LLC, ORCC BC 4 LLC, ORCC BC 5 LLC, ORCC BC 6 LLC, ORCC BC 7 LLC, 
ORCC BC 8 LLC, OR Atlanta MH LLC, OR Garden State MH LLC, OR Jemico MH 
LLC, OR Long Island MH LLC, OR Midwest MH LLC, OR Toronto MH LLC, OR 
Lending II LLC, ORCC II Financing LLC, ORCC II Financing II LLC, OR DH 
II LLC, OR MH II LLC, OR HH II LLC, OR HEH II LLC, OR Long Island MH II 
LLC, OR Garden State MH II LLC, OR Toronto MH II LLC, OR Midwest MH II 
LLC, OR Jemico MH II LLC, OR Atlanta MH II LLC, OR PCF II LLC, OR GH II 
LLC, OR AH II LLC, ORCC II BC 2 LLC, ORCC II BC 3 LLC, ORCC II BC 4 
LLC, ORCC II BC 5 LLC, ORCC II BC 6 LLC, ORCC II BC 7 LLC, ORCC II BC 8 
LLC, OR Lending III LLC, ORCC III Financing LLC, ORCC III Financing II 
LLC, OR PCF III LLC, OR AH III LLC, ORCC III BC 2 LLC, ORCC III BC 3 
LLC, ORCC III BC 4 LLC, ORCC III BC 5 LLC, ORCC III BC 6 LLC, ORCC III 
BC 7 LLC, ORCC III BC 8 LLC, ORCIC AH LLC, ORCIC BC 2 LLC, ORCIC BC 3 
LLC, ORCIC BC 4 LLC, ORCIC BC 5 LLC, ORCIC BC 6 LLC, OR Lending IC LLC, 
ORCIC PCF LLC, Core Income Funding I LLC, Core Income Funding II LLC, 
Core Income Funding III LLC, Core Income Funding IV LLC, OR Tech 
Lending LLC, OR Tech Financing I LLC, Owl Rock Technology Financing 
2020-1, Owl Rock Technology Financing 2020-1 LLC, ORTF Funding I LLC, 
ORT KB LLC, ORTF BC 1 LLC, ORTF BC 2 LLC, ORTF BC 3 LLC, ORTF BC 4 LLC, 
OR Tech Lending II LLC, ORTF II BC 1 LLC, ORTF II BC 2 LLC, OR Tech 
Lending IC LLC, ORTIC BC 1 LLC, ORTIC BC 2 LLC, Tech Income Funding I 
LLC, ORCIC BC 7 LLC, ORCIC BC 8 LLC, ORCIC BC 9 LLC, Owl Rock CLO VII 
LLC, ORCIC BC 10 LLC, ORCIC BC 11 LLC, ORCIC BC 12 LLC, ORCIC JV WH 
LLC, ORCIC JV WH II LLC, ORTF II BC 3 LLC, ORTF II BC 4 LLC, ORTF II BC 
5 LLC, Athena Funding I LLC, Athena Funding II LLC, Athena Funding III 
LLC, ORCC BC 9 LLC, ORCC BC 10 LLC, ORCC BC 11 LLC, ORCC II BC 9 LLC, 
ORCC II BC 10 LLC, ORCC II BC 11 LLC, ORCC III BC 9 LLC, ORCC III BC 10 
LLC, ORTF BC 5 LLC, ORTF BC 6 LLC, and OR Diversified Lending (CP), 
L.P.

Filing Dates: The application was filed on May 24, 2022, and amended on 
July 20, 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#aaf9cfc9d8cfdecbd8d3d987e5ccccc3c9cfead9cfc984cdc5dc"><span class="__cf_email__" data-cfemail="4c1f292f3e29382d3e353f61032a2a252f290c3f292f622b233a">[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, 
September 6, 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#c192a4a2b3a4b5a0b3b8b2ec8ea7a7a8a2a481b2a4a2efa6aeb7"><span class="__cf_email__" data-cfemail="71221412031405100308025c3e1717181214310214125f161e07">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#3764525445524356454e441a7851515e54527744525419505841"><span class="__cf_email__" data-cfemail="3764525445524356454e441a7851515e54527744525419505841">[email&#160;protected]</span></a>. Applicants: Neena 
Reddy, Vice President and Secretary, Owl Rock Capital Corporation, at 
<a href="/cdn-cgi/l/email-protection#4b252e2e252a65392e2f2f320b29273e2e243c2765282426"><span class="__cf_email__" data-cfemail="620c07070c034c100706061b22000e17070d150e4c010d0f">[email&#160;protected]</span></a>, and Cynthia M. Krus, Esq., and Anne G. 
Oberndorf, Esq., Eversheds Sutherland (US) LLP, at 
<a href="/cdn-cgi/l/email-protection#f0919e9e959f9295829e949f8296b0958695828398959483dd8385849895829c919e94de8583"><span class="__cf_email__" data-cfemail="f5949b9b909a9790879b919a8793b590839087869d909186d88680819d908799949b91db8086">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or 
Terri Jordan, Branch Chief, at (202) 551-6825 (Division of Investment 
Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal

[[Page 50361]]

analysis, and conditions, please refer to Applicants' first amended and 
restated application, dated July 20, 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, 
<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. 2022-17524 Filed 8-15-22; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on August 16, 2022.

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