Notice2023-09911
Lafayette Square USA, Inc. 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
May 10, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 90 (Wednesday, May 10, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 90 (Wednesday, May 10, 2023)]
[Notices]
[Page 30203]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-09911]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34907; File No. 812-15365]
Lafayette Square USA, Inc. et al.
May 4, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of an application under section 6(c) of the Investment
Company Act of 1940 (``Act'') for an exemption from section 18(a) and
61(a) of the Act.
Summary of Application: Applicants request an order to permit the
Company to adhere to a modified asset coverage requirement with respect
to any direct or indirect wholly owned subsidiary of the Company that
is licensed by the Small Business Administration to operate under the
Small Business Investment Act of 1958 as a small business investment
company (``SBIC'') and relies on Section 3(c)(7) for an exclusion from
the definition of ``investment company'' under the Act.
Applicants: Lafayette Square USA, Inc. (the ``Company''), LS BDC
Adviser, LLC (the ``Adviser''), Lafayette Square SBIC, LP (the
``Lafayette Square SBIC''), and Lafayette Square SBIC GP, LLC (the
``SBIC GP'').
Filing Dates: The application was filed on July 11, 2022 and amended
on February 3, 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#7221171100170613000b015f3d14141b1117320117115c151d04"><span class="__cf_email__" data-cfemail="d98abcbaabbcadb8aba0aaf496bfbfb0babc99aabcbaf7beb6af">[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 May 29,
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.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#bae9dfd9c8dfcedbc8c3c997f5dcdcd3d9dffac9dfd994ddd5cc"><span class="__cf_email__" data-cfemail="6e3d0b0d1c0b1a0f1c171d43210808070d0b2e1d0b0d40090118">[email protected]</span></a>. Applicants: David
Kraut, <a href="/cdn-cgi/l/email-protection#056e7764707145696463647c607171607674706477602b666a68"><span class="__cf_email__" data-cfemail="7e150c1f0b0a3e121f181f071b0a0a1b0d0f0b1f0c1b501d1113">[email protected]</span></a>, Thomas Friedmann,
<a href="/cdn-cgi/l/email-protection#e195898e8c8092cf87938884858c808f8fa185848289849395cf828e8c"><span class="__cf_email__" data-cfemail="4e3a2621232f3d60283c272b2a232f20200e2a2b2d262b3c3a602d2123">[email protected]</span></a>, and Jonathan Gaines,
<a href="/cdn-cgi/l/email-protection#deb4b1b0bfaab6bfb0f0b9bfb7b0bbad9ebabbbdb6bbacaaf0bdb1b3"><span class="__cf_email__" data-cfemail="ea8085848b9e828b84c48d8b83848f99aa8e8f89828f989ec4898587">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Toyin Momoh, 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' first amended and
restated application, dated February 3, 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. 2023-09911 Filed 5-9-23; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 10, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.