Notice2025-21152
Star Mountain Lower Middle-Market Capital Corp., 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
<html>
<head>
<title>Federal Register, Volume 90 Issue 226 (Wednesday, November 26, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 226 (Wednesday, November 26, 2025)]
[Notices]
[Page 54448]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21152]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35797; File No. 812-15855]
Star Mountain Lower Middle-Market Capital Corp., et al.
November 21, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
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: Star Mountain Lower Middle-Market Capital Corp., Star
Mountain Lower Middle-Market Capital Holdings, LLC, Star Mountain Fund
Management, LLC, and certain of their affiliated entities as described
in Schedule A to the application.
Filing Dates: The application was filed on July 15, 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#ebb88e88998e9f8a999298c6a48d8d82888eab988e88c58c849d"><span class="__cf_email__" data-cfemail="c192a4a2b3a4b5a0b3b8b2ec8ea7a7a8a2a481b2a4a2efa6aeb7">[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#60330503120514011219134d2f0606090305201305034e070f16"><span class="__cf_email__" data-cfemail="bbe8ded8c9decfdac9c2c896f4ddddd2d8defbc8ded895dcd4cd">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#4211272130273623303b316f0d24242b2127023127216c252d34"><span class="__cf_email__" data-cfemail="0b586e68796e7f6a79727826446d6d62686e4b786e68256c647d">[email protected]</span></a>. Applicants:
Austin Ericson, Star Mountain Fund Management, LLC,
<a href="/cdn-cgi/l/email-protection#48093d3b3c2126660d3a212b3b2726081b3c293a05273d263c2921260b2938213c2924662b2725"><span class="__cf_email__" data-cfemail="d190a4a2a5b8bfff94a3b8b2a2bebf9182a5b0a39cbea4bfa5b0b8bf92b0a1b8a5b0bdffb2bebc">[email protected]</span></a>, Richard Horowitz, Esq.,
<a href="/cdn-cgi/l/email-protection#d381bab0bbb2a1b7fd9bbca1bca4baa7a993b7b6b0bbb6a1a7fdb0bcbe"><span class="__cf_email__" data-cfemail="d785beb4bfb6a5b3f99fb8a5b8a0bea3ad97b3b2b4bfb2a5a3f9b4b8ba">[email protected]</span></a> and Alexander Karampatsos, Esq.,
<a href="/cdn-cgi/l/email-protection#d998b5bca1b8b7bdbcabf792b8abb8b4a9b8adaab6aa99bdbcbab1bcabadf7bab6b4"><span class="__cf_email__" data-cfemail="80c1ece5f8e1eee4e5f2aecbe1f2e1edf0e1f4f3eff3c0e4e5e3e8e5f2f4aee3efed">[email protected]</span></a>, both of Dechert LLP.
FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel,
Stephan N. Packs, 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 July 15, 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. 2025-21152 Filed 11-25-25; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on November 26, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.