Notice2023-23764

26North BDC, 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
October 27, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 207 (Friday, October 27, 2023)</title>
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[Federal Register Volume 88, Number 207 (Friday, October 27, 2023)]
[Notices]
[Page 73919]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-23764]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35036; File No. 812-15398]


26North BDC, Inc., et al.

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:  26North BDC, Inc., 26North Direct Lending LP, 26North 
Direct Lending II LP, Tidal Notes Issuer LLC, Gemini Notes Issuer LLC, 
Jordan Notes Issuer LLC, Ripple Notes Issuer LLC, Chestnut Notes Issuer 
LLC and Element Notes Issuer LLC.

Filing Dates:  The application was filed on October 20, 2022, and 
amended on February 2, 2023, and August 2, 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#70231513021504110209035d3f1616191315300315135e171f06"><span class="__cf_email__" data-cfemail="fdae989e8f98899c8f848ed0b29b9b949e98bd8e989ed39a928b">[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 November 
13, 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#1241777160776673606b613f5d74747b7177526177713c757d64"><span class="__cf_email__" data-cfemail="d586b0b6a7b0a1b4a7aca6f89ab3b3bcb6b095a6b0b6fbb2baa3">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#0e5d6b6d7c6b7a6f7c777d23416868676d6b4e7d6b6d20696178"><span class="__cf_email__" data-cfemail="bdeed8decfd8c9dccfc4ce90f2dbdbd4ded8fdced8de93dad2cb">[email&#160;protected]</span></a>. Applicants: 
<a href="/cdn-cgi/l/email-protection#07616a66757566473531692964686a"><span class="__cf_email__" data-cfemail="e2848f83909083a2d0d48ccc818d8f">[email&#160;protected]</span></a>, <a href="/cdn-cgi/l/email-protection#fc92959f939099d28e8992859d92bc97958e97909d9298d29f9391"><span class="__cf_email__" data-cfemail="b4daddd7dbd8d19ac6c1dacdd5daf4dfddc6dfd8d5dad09ad7dbd9">[email&#160;protected]</span></a>, and 
<a href="/cdn-cgi/l/email-protection#781f0a1d1f170a01560a170f1419161c381c190e110b08171413561b1715"><span class="__cf_email__" data-cfemail="bcdbced9dbd3cec592ced3cbd0ddd2d8fcd8ddcad5cfccd3d0d792dfd3d1">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, 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' Second Amended 
and Restated Application, dated August 2, 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="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.

    Dated: October 24, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-23764 Filed 10-26-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on October 27, 2023.

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