Notice2025-21151
1WS Credit Income Fund, 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
November 26, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 226 (Wednesday, November 26, 2025)</title>
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[Federal Register Volume 90, Number 226 (Wednesday, November 26, 2025)]
[Notices]
[Pages 54448-54449]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21151]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35798; File No. 812-15796]
1WS Credit Income Fund, et al.
November 21, 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: 1WS Credit Income Fund, 1WS Capital Advisors, LLC, One
William Street Capital Management, L.P., One William Street Capital
Master Fund, Ltd., OWS Credit Opportunity Master Fund, Ltd., OWS ABS
Master Fund II,LP, OWS LSAR Master Fund, L.P., OWS ABS IV, LP, OWS
Credit Opportunity Fund, L.P., OWS Credit Opportunity Fund II, L.P.,
One William Street Capital Partners, L.P., One William Street Capital
Partners II, L.P., One William Street Capital Offshore Fund, Ltd., OWS
Capital Offshore Fund II, Ltd, One William Street Capital Intermediate
Fund, L.P., OWS Credit Opportunity Offshore Fund, Ltd., OWS Credit
Opportunity Offshore Fund II, Ltd, OWS Credit Opportunity Offshore
[[Page 54449]]
Fund III, Ltd, OWS Credit Opportunity Intermediate Fund, LP, OWS Credit
Opportunity I, LLC, OWS LSAR Offshore Fund, Ltd., OWS ABS Fund II,
Ltd., and OWS ABS Fund VIII, Ltd.
Filing Dates: The application was filed on May 13, 2025, and amended
on July 17, 2025, September 10, 2025, and November 20, 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#1f4c7a7c6d7a6b7e6d666c32507979767c7a5f6c7a7c31787069"><span class="__cf_email__" data-cfemail="3360565041564752414a401e7c55555a5056734056501d545c45">[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 December
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. 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#dd8eb8beafb8a9bcafa4aef092bbbbb4beb89daeb8bef3bab2ab"><span class="__cf_email__" data-cfemail="b0e3d5d3c2d5c4d1c2c9c39dffd6d6d9d3d5f0c3d5d39ed7dfc6">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#6330060011061702111a104e2c05050a0006231006004d040c15"><span class="__cf_email__" data-cfemail="3f6c5a5c4d5a4b5e4d464c12705959565c5a7f4c5a5c11585049">[email protected]</span></a>. Applicants: Kurt
A. Locher, 1WS Capital Advisors, LLC, <a href="/cdn-cgi/l/email-protection#d7b8a0a4bbb2b0b6bbb8a7a497b8a0a4bba7f9b4b8ba"><span class="__cf_email__" data-cfemail="751a020619101214191a0506351a020619055b161a18">[email protected]</span></a> and George
M. Silfen, Alston & Bird LLP, <a href="/cdn-cgi/l/email-protection#a3e4c6ccd1c4c68df0cacfc5c6cde3c2cfd0d7cccd8dc0ccce"><span class="__cf_email__" data-cfemail="1e597b716c797b304d7772787b705e7f726d6a7170307d7173">[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' third amended
application, filed November 20, 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. 2025-21151 Filed 11-25-25; 8:45 am]
BILLING CODE 8011-01-P
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