Notice2023-05043

BC Partners Lending 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
March 13, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 48 (Monday, March 13, 2023)</title>
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[Federal Register Volume 88, Number 48 (Monday, March 13, 2023)]
[Notices]
[Pages 15465-15466]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05043]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34849; File No. 812-15292]


BC Partners Lending Corporation, et al.

March 7, 2023.
AGENCY:  Securities and Exchange Commission (``Commission'' or 
``SEC'').

ACTION:  Notice.

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    Notice of application for an 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 and closed-end management investment 
companies to co-invest in portfolio companies with each other and with 
certain affiliated investment entities.

Applicants:  BC Partners Lending Corporation, Portman Ridge Finance 
Corporation, Logan Ridge Finance Corporation, BCP Special Opportunities 
Fund II LP, Alternative Credit Income Fund, Opportunistic Credit 
Interval Fund, Mount Logan Capital Inc., BC Partners Advisors L.P., 
Sierra Crest Investment Management LLC, Mount Logan Management, LLC, 
BCP Special Opportunities Fund II Eur Holdings LP, BCP Special 
Opportunities Fund II Holdings LP, BCP Special Opportunities Fund II 
Originations LP, Garrison MML CLO 2019-1 LLC, Great Lakes Senior

[[Page 15466]]

MLC I LLC, Mount Logan Funding 2018-1 LP, Mount Logan Middle Market 
Funding LP, Mount Logan Middle Market Funding A LP, Mount Logan Middle 
Market Funding II LP, Mount Logan Middle Market Funding II A LP, Mount 
Logan MML CLO 2019-1 LP, Ability Insurance Company, Mount Logan 
Bluebird Funding LP, Mount Logan Laurel Funding LP, Blue Sky Credit 
Fund LP, Capitala Business Lending, LLC, Capitalsouth Fund III, L.P., 
Capitalsouth Partners Fund II Limited Partnership, CPTA Master Blocker, 
Inc., Great Lakes Portman Ridge Funding I, LLC, PTMN Sub Holdings LLC, 
BCPL Sub Holdings LLC, Great Lakes BCPL Funding Ltd., Portman Ridge 
Funding 2018-2 Ltd. and ACIF Master Blocker, LLC.

Filing Dates:  The application was filed on December 21, 2021, and 
amended on June 17, 2022 and January 10, 2023.

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 Commission's Secretary at <a href="/cdn-cgi/l/email-protection#5704323425322336252e247a1831313e34321724323479303821"><span class="__cf_email__" data-cfemail="3261575140574653404b411f7d54545b5157724157511c555d44">[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 April 3, 
2023, and should be accompanied by proof of service on the 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#e1b2848293849580939892ccae8787888284a1928482cf868e97"><span class="__cf_email__" data-cfemail="87d4e2e4f5e2f3e6f5fef4aac8e1e1eee4e2c7f4e2e4a9e0e8f1">[email&#160;protected]</span></a>.

ADDRESSES:  The Commission: <a href="/cdn-cgi/l/email-protection#f3a0969081968792818a80debc95959a9096b3809690dd949c85"><span class="__cf_email__" data-cfemail="0a596f69786f7e6b78737927456c6c63696f4a796f69246d657c">[email&#160;protected]</span></a>. Applicants: 
Rajib Chanda, <a href="/cdn-cgi/l/email-protection#f0a2919a9992deb398919e9491b08384929c9187de939f9d"><span class="__cf_email__" data-cfemail="4f1d2e25262d610c272e212b2e0f3c3b2d232e38612c2022">[email&#160;protected]</span></a> and Christopher Healey, 
<a href="/cdn-cgi/l/email-protection#eead869c879d9a819e868b9cc0a68b8f828b97ae9d9a8c828f99c08d8183"><span class="__cf_email__" data-cfemail="db98b3a9b2a8afb4abb3bea9f593bebab7bea29ba8afb9b7baacf5b8b4b6">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT:  Aaron Ellias, Acting Branch Chief, 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 10, 2023, 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="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-05043 Filed 3-10-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on March 13, 2023.

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