Notice2025-11835
Principal Private Credit Fund I, 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
June 26, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 121 (Thursday, June 26, 2025)</title>
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[Federal Register Volume 90, Number 121 (Thursday, June 26, 2025)]
[Notices]
[Page 27354]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-11835]
[[Page 27354]]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35650; File No. 812-15780]
Principal Private Credit Fund I, et al.
June 24, 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: Principal Private Credit Fund I, Principal Real Asset Fund,
Principal Global Investors, LLC, Principal Life Insurance Company,
Principal Alternative Credit Unlevered Fund, LP, and Principal Real
Estate Investors, LLC.
Filing Dates: The application was filed on May 6, 2025 and amended on
June 18, 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#40132523322534213239336d0f2626292325003325236e272f36"><span class="__cf_email__" data-cfemail="82d1e7e1f0e7f6e3f0fbf1afcde4e4ebe1e7c2f1e7e1ace5edf4">[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 July 21,
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. 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#287b4d4b5a4d5c495a515b05674e4e414b4d685b4d4b064f475e"><span class="__cf_email__" data-cfemail="e7b4828495829386959e94caa881818e8482a7948284c9808891">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#e6b5838594839287949f95cba980808f8583a6958385c8818990"><span class="__cf_email__" data-cfemail="8fdceaecfdeafbeefdf6fca2c0e9e9e6eceacffceaeca1e8e0f9">[email protected]</span></a>. Applicants: John
L. Sullivan, c/o Principal Financial Group, Inc., 711 High Street, Des
Moines, IA 50392, <a href="/cdn-cgi/l/email-protection#f182849d9d9887909fdf9b9e999fdf9db18183989f929881909ddf929e9c"><span class="__cf_email__" data-cfemail="daa9afb6b6b3acbbb4f4b0b5b2b4f4b69aaaa8b3b4b9b3aabbb6f4b9b5b7">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Jill Ehrlich, Senior Counsel, or Adam
Large, Senior Special 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' first amended
application, dated June 18, 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. 2025-11835 Filed 6-25-25; 8:45 am]
BILLING CODE 8011-01-P
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