Notice2025-04898
Barings LLC and Barings Private Credit Corporation
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 24, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 55 (Monday, March 24, 2025)</title>
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[Federal Register Volume 90, Number 55 (Monday, March 24, 2025)]
[Notices]
[Page 13507]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-04898]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35505; File No. 812-15696]
Barings LLC and Barings Private Credit Corporation
March 18, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under Section 6(c) of the Investment
Company Act of 1940 (``Act'') for an exemption from Sections 18(a)(2),
18(c), 18(i), and 61(a) of the Act.
SUMMARY OF APPLICATION: Applicants request an order to permit certain
registered closed-end investment companies that have elected to be
regulated as business development companies to issue multiple classes
of shares with varying sales loads and asset-based distribution and/or
service fees.
APPLICANTS: Barings LLC and Barings Private Credit Corporation.
FILING DATES: The application was filed on February 4, 2025, and
amended on March 14, 2025.
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#5e0d3b3d2c3b2a3f2c272d73113838373d3b1e2d3b3d70393128"><span class="__cf_email__" data-cfemail="3665535544534257444f451b7950505f55537645535518515940">[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 April 14, 2025, 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#c89badabbaadbca9bab1bbe587aeaea1abad88bbadabe6afa7be"><span class="__cf_email__" data-cfemail="bdeed8decfd8c9dccfc4ce90f2dbdbd4ded8fdced8de93dad2cb">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#efbc8a8c9d8a9b8e9d969cc2a08989868c8aaf9c8a8cc1888099"><span class="__cf_email__" data-cfemail="1f4c7a7c6d7a6b7e6d666c32507979767c7a5f6c7a7c31787069">[email protected]</span></a>. Applicants: Mr.
Brian High, Barings Private Credit Corporation, 300 South Tryon Street,
Suite 2500, Charlotte, NC 28202; Harry S. Pangas, Dechert LLP,
<a href="/cdn-cgi/l/email-protection#1951786b6b60374978777e786a597d7c7a717c6b6d377a7674"><span class="__cf_email__" data-cfemail="db93baa9a9a2f58bbab5bcbaa89bbfbeb8b3bea9aff5b8b4b6">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Jean Minarick, Senior Counsel, or Kyle
R. Ahlgren, 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 March 14, 2025, 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/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call
the SEC's Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-04898 Filed 3-21-25; 8:45 am]
BILLING CODE 8011-01-P
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