Notice2025-23397
Barings Corporate Investors, 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
December 19, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 242 (Friday, December 19, 2025)</title>
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[Federal Register Volume 90, Number 242 (Friday, December 19, 2025)]
[Notices]
[Page 59618]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-23397]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35826; File No. 812-15800]
Barings Corporate Investors, et al.
December 16, 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: Barings Corporate Investors, Barings Participation
Investors, Barings Global Short Duration High Yield Fund, Barings
Dynamic Credit Income Fund, Invesco Dynamic Credit Opportunity Fund,
Barings BDC, Inc., Barings Private Credit Corporation, Barings Capital
Investment Corporation, Massachusetts Mutual Life Insurance Company,
C.M. Life Insurance Company, MassMutual Ascend Life Insurance Company,
MassMutual Trad Private Equity LLC, Barings Finance LLC, BCF Europe
Funding Limited, BCF Senior Funding I LLC, BCF Senior Funding I
Designated Activity Company, Barings LLC, certain of their wholly-owned
subsidiaries and joint ventures as described in Schedule A to the
application, and certain of their affiliated entities as described in
Schedule B to the application.
Filing Dates: The application was filed on May 15, 2025, and amended on
September 5, 2025, December 3, 2025, and December 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#a3f0c6c0d1c6d7c2d1dad08eecc5c5cac0c6e3d0c6c08dc4ccd5"><span class="__cf_email__" data-cfemail="ecbf898f9e89988d9e959fc1a38a8a858f89ac9f898fc28b839a">[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 January
12, 2026, 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#82d1e7e1f0e7f6e3f0fbf1afcde4e4ebe1e7c2f1e7e1ace5edf4"><span class="__cf_email__" data-cfemail="3a695f59485f4e5b48434917755c5c53595f7a495f59145d554c">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#5506303627302134272c26781a33333c3630152630367b323a23"><span class="__cf_email__" data-cfemail="71221412031405100308025c3e1717181214310214125f161e07">[email protected]</span></a>. Applicants: Jill
Dinerman, Esq., Barings LLC, 300 S Tryon Street, Suite 2500, Charlotte,
NC 28202; Melanie Ringold, Esq., Invesco Dynamic Credit Opportunity
Fund, 11 Greenway Plaza, Houston, Texas 77046; Richard Horowitz, Esq.,
<a href="/cdn-cgi/l/email-protection#0d7f646e656c7f692365627f627a6479774d69686e65687f79236e6260"><span class="__cf_email__" data-cfemail="daa8b3b9b2bba8bef4b2b5a8b5adb3aea09abebfb9b2bfa8aef4b9b5b7">[email protected]</span></a>; Dechert LLP, 1095 Avenue of the Americas
New York, NY 10036; Harry Pangas, Esq., <a href="/cdn-cgi/l/email-protection#3f575e4d4d46114f5e51585e4c7f5b5a5c575a4d4b115c5052"><span class="__cf_email__" data-cfemail="cda5acbfbfb4e3bdaca3aaacbe8da9a8aea5a8bfb9e3aea2a0">[email protected]</span></a>,
Dechert LLP, 1900 K Street NW, Washington, DC 20006; Clay Douglas,
Esq., <a href="/cdn-cgi/l/email-protection#abc8c7cad285cfc4deccc7cad8ebcfcec8c3ced9df85c8c4c6"><span class="__cf_email__" data-cfemail="a1c2cdc0d88fc5ced4c6cdc0d2e1c5c4c2c9c4d3d58fc2cecc">[email protected]</span></a>, Dechert LLP, 1900 K Street NW,
Washington, DC 20006.
FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel or
Toyin Momoh, Senior 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 December 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. 2025-23397 Filed 12-18-25; 8:45 am]
BILLING CODE 8011-01-P
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