Notice2023-15561

KKR Real Estate Select Trust 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
July 24, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 140 (Monday, July 24, 2023)</title>
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[Federal Register Volume 88, Number 140 (Monday, July 24, 2023)]
[Notices]
[Pages 47528-47529]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-15561]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34962; File No. 812-15181]


KKR Real Estate Select Trust Inc., et al.

July 18, 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 (``BDCs'') and closed-end management 
investment companies to co-invest in portfolio companies with each 
other and with certain affiliated investment entities.

Applicants: KKR Real Estate Select Trust Inc., KKR Registered Advisor 
LLC, Kohlberg Kravis Roberts & Co. L.P., KKR Real Estate Finance 
Manager LLC, KREST Operating Partnership L.P., KKR Asia Property 
Partners SCSp, KKR Property Partners Americas L.P., KKR Property 
Partners Americas (EEA) SCSp, KKR Property Partners Europe (EUR) SCSp, 
KKR Property Partners Europe GER (EUR) SCSp. KKR Real Estate Partners 
Americas II L.P., KKR Real Estate Partners Americas II SBS L.P., KKR 
Real Estate Partners Americas III SCSp, KKR Real Estate Partners 
Americas IV SCSp, KKR Real Estate Partners Europe II (USD) SCSp, KKR 
Real Estate Partners Europe II (EUR) SCSp, KKR Real Estate Partners 
Europe III (USD) SCSp, KKR Real Estate Partners Europe III (EUR) SCSp, 
KKR Asia Real Estate Partners SCSp, KKR Asia Real Estate Partners II 
SCSp, KKR Real Estate Finance Trust Inc., KKR Real Estate Stabilized 
Credit Partners L.P.; KKR Real Estate Credit Opportunity Partners II 
L.P., KKR Real Estate Credit Opportunity Partners II (Offshore) L.P., 
KKR Real Estate Credit Opportunity Partners III L.P., KKR Opportunistic 
Real Estate Credit Fund II L.P., KKR Opportunistic Real Estate Credit 
Fund II SCSp, MCS Corporate Lending LLC, and Merchant Capital Solutions 
LLC.

Filing Dates: The application was filed on November 27, 2020, and 
amended on February 16, 2021, August 12, 2022, January 13, 2023, and 
June 5, 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 SEC's Secretary at <a href="/cdn-cgi/l/email-protection#3467515746514055464d47197b52525d5751744751571a535b42"><span class="__cf_email__" data-cfemail="386b5d5b4a5d4c594a414b15775e5e515b5d784b5d5b165f574e">[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 August 
14, 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#b5e6d0d6c7d0c1d4c7ccc698fad3d3dcd6d0f5c6d0d69bd2dac3"><span class="__cf_email__" data-cfemail="f7a4929485928396858e84dab891919e9492b7849294d9909881">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#da89bfb9a8bfaebba8a3a9f795bcbcb3b9bf9aa9bfb9f4bdb5ac"><span class="__cf_email__" data-cfemail="095a6c6a7b6c7d687b707a24466f6f606a6c497a6c6a276e667f">[email&#160;protected]</span></a>. Applicants: 
<a href="/cdn-cgi/l/email-protection#4f2c20223f23262e212c2a21360f24243d612c2022"><span class="__cf_email__" data-cfemail="c0a3afadb0aca9a1aea3a5aeb980ababb2eea3afad">[email&#160;protected]</span></a>, <a href="/cdn-cgi/l/email-protection#beccdfd4d7dc90ddd6dfd0dadffecdcadcd2dfc990ddd1d3"><span class="__cf_email__" data-cfemail="b1c3d0dbd8d39fd2d9d0dfd5d0f1c2c5d3ddd0c69fd2dedc">[email&#160;protected]</span></a>, <a href="/cdn-cgi/l/email-protection#167461737a7a65566562747a77613875797b"><span class="__cf_email__" data-cfemail="ee8c998b82829dae9d9a8c828f99c08d8183">[email&#160;protected]</span></a> and 
<a href="/cdn-cgi/l/email-protection#dcb2bda8b4bdb2f2afb3b1b3bbb5b99cafa8beb0bdabf2bfb3b1"><span class="__cf_email__" data-cfemail="d2bcb3a6bab3bcfca1bdbfbdb5bbb792a1a6b0beb3a5fcb1bdbf">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Barbara T. Heussler, Senior Counsel, 
or Terri G. Jordan, 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' fourth amended 
and restated application, dated June 5, 2023, which may be obtained via 
the Commission's website by searching for

[[Page 47529]]

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.

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-15561 Filed 7-21-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on July 24, 2023.

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