Notice2025-09577

Golub Capital 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
May 28, 2025

Issuing agencies

Securities and Exchange Commission

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<title>Federal Register, Volume 90 Issue 101 (Wednesday, May 28, 2025)</title>
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[Federal Register Volume 90, Number 101 (Wednesday, May 28, 2025)]
[Notices]
[Pages 22523-22524]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09577]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35606; File No. 812-15770]


Golub Capital BDC, Inc., et al.

May 22, 2025.
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: Golub Capital BDC, Inc., Golub Capital Direct Lending 
Corporation, Golub Capital BDC 4, Inc., Golub Capital Direct Lending 
Unlevered Corporation, Golub Capital Private Credit Fund, GBDC Holdings 
Coinvest, Inc., GBDC Holdings ED Coinvest, Inc., GBDC Quick Quack 
Coinvest LLC, Golub Capital BDC CLO 8 Depositor LLC, Golub Capital BDC 
CLO 8 LLC, GCIC Funding LLC, GCIC Holdings LLC, GCIC North Haven Stack 
Buyer Coinvest Inc., GCIC Quick Quack Coinvest LLC, Golub Capital BDC 
CLO III Depositor LLC, Golub Capital BDC Holdings LLC, GBDC 3 Funding 
LLC, GBDC 3 Holdings Coinvest, Inc., GBDC3 Quick Quack Coinvest LLC, 
Golub Capital 3 Holdings LLC, Golub Capital BDC 3 CLO 1 Depositor LLC, 
Golub Capital BDC 3 ABS 2022-1 Depositor LLC, Golub Capital BDC 3 ABS 
2022-1 LLC, Golub Capital BDC 3 CLO 2 Depositor LLC, Golub Capital BDC 
3 CLO 2 LLC, GDLC Funding LLC, GDLC Holdings LLC, GDLC Holdings 
Coinvest Inc., GDLC Funding II LLC, Golub Capital 4 Holdings LLC, Golub 
Capital BDC 4 Funding LLC, Golub Capital 4 Holdings Coinvest, Inc., 
GBDC 4 Funding II LLC, GBDC 4 Funding III LLC, Golub Capital Direct 
Lending Unlevered Holdings LLC, Golub Capital Direct Lending Unlevered 
Holdings Coinvest, Inc., GCRED Holdings, LLC, Golub Capital Private 
Credit Fund CLO, Golub Capital Private Credit Fund CLO Depositor, GC 
Advisors LLC, Golub Capital LLC, GC OPAL Advisors LLC, OPAL BSL LLC 
(Management Series), GC Investment Management LLC, Golub Capital Liquid 
Credit Advisors, LLC (Management Series) and certain affiliated 
entities as described in Schedule A to the application.
    Filing Dates: The application was filed on April 29, 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#f5a6909687908194878c86d8ba93939c9690b5869096db929a83"><span class="__cf_email__" data-cfemail="9ccff9ffeef9e8fdeee5efb1d3fafaf5fff9dceff9ffb2fbf3ea">[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 June 16, 
2025, 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.

[[Page 22524]]

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#d487b1b7a6b1a0b5a6ada7f99bb2b2bdb7b194a7b1b7fab3bba2"><span class="__cf_email__" data-cfemail="e9ba8c8a9b8c9d889b909ac4a68f8f808a8ca99a8c8ac78e869f">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#a2f1c7c1d0c7d6c3d0dbd18fedc4c4cbc1c7e2d1c7c18cc5cdd4"><span class="__cf_email__" data-cfemail="e2b1878190879683909b91cfad84848b8187a2918781cc858d94">[email&#160;protected]</span></a>. Applicants: David 
B. Golub, GC Advisors LLC, <a href="/cdn-cgi/l/email-protection#b2ded7d5d3def2d5dddec7d0d1d3c2dbc6d3de9cd1dddf"><span class="__cf_email__" data-cfemail="ec80898b8d80ac8b8380998e8f8d9c85988d80c28f8381">[email&#160;protected]</span></a>; and Anne G. 
Oberndorf, Esq., Eversheds Sutherland (US) LLP, 
<a href="/cdn-cgi/l/email-protection#e4858a8a818b8681968a808b9682a481928196978c818097c99791908c819688858a80ca9197"><span class="__cf_email__" data-cfemail="97f6f9f9f2f8f5f2e5f9f3f8e5f1d7f2e1f2e5e4fff2f3e4bae4e2e3fff2e5fbf6f9f3b9e2e4">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel, 
Laura Solomon, Senior Counsel, or Daniele Marchesani, Assistant Chief 
Counsel, 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' application, 
dated April 29, 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.html">https://www.sec.gov/edgar/searchedgar/companysearch.html</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. 2025-09577 Filed 5-27-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on May 28, 2025.

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