Notice2026-02468
MSD Investment Corp. and BDT & MSD BDC Management, LLC
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
February 9, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 26 (Monday, February 9, 2026)</title>
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[Federal Register Volume 91, Number 26 (Monday, February 9, 2026)]
[Notices]
[Pages 5795-5796]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02468]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35935; File No. 812-15929]
MSD Investment Corp. and BDT & MSD BDC Management, LLC
February 4, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under Section 6(c) of the Investment
Company Act of 1940 (``Act'') for an exemption from Sections 18(a)(2),
18(c), 18(i), and 61(a) of the Act.
Summary of Application: Applicants request an order to permit certain
registered closed-end investment companies that have elected to be
regulated as business development companies to issue multiple classes
of shares with varying sales loads and asset-based distribution and/or
service fees.
Applicants: MSD Investment Corp. and BDT & MSD BDC Management, LLC.
Filing Dates: The application was filed on October 28, 2025 and amended
on January 15, 2026.
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#1645737564736277646f653b5970707f75735665737538717960"><span class="__cf_email__" data-cfemail="a8fbcdcbdacddcc9dad1db85e7cecec1cbcde8dbcdcb86cfc7de">[email protected]</span></a> and serving
[[Page 5796]]
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. The
email should include the file number referenced above. Hearing requests
should be received by the Commission by 5:30 p.m., Eastern time, on
March 2, 2026, and should be accompanied by proof of service on
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#b3e0d6d0c1d6c7d2c1cac09efcd5d5dad0d6f3c0d6d09dd4dcc5"><span class="__cf_email__" data-cfemail="4417212736213025363d37690b22222d2721043721276a232b32">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#c695a3a5b4a3b2a7b4bfb5eb89a0a0afa5a386b5a3a5e8a1a9b0"><span class="__cf_email__" data-cfemail="a9facccadbccddc8dbd0da84e6cfcfc0cacce9daccca87cec6df">[email protected]</span></a>. Applicants:
Robert Simonds, MSD Investment Corp., <a href="/cdn-cgi/l/email-protection#3c5e4f55515352584f7c5e5848514f58125f5351"><span class="__cf_email__" data-cfemail="1775647e7a78797364577573637a64733974787a">[email protected]</span></a>; with copies
to: Steven B. Boehm, Esq., Payam Siadatpour, Esq., and Anne Oberndorf,
Esq., Eversheds Sutherland (US) LLP, <a href="/cdn-cgi/l/email-protection#bccfc8d9cad9d2ded3d9d4d1fcd9cad9cecfd4d9d8cf9180dd9cd4ced9da81" http: sutherland.com">sutherland.com</a>">stevenboehm@eversheds-<a href="http://sutherland.com">sutherland.com</a></a>, <a href="/cdn-cgi/l/email-protection#5222332b333f213b33363326223d27201237243720213a3736217f6e33723a2037346f" http: sutherland.com">sutherland.com</a>">payamsiadatpour@eversheds-<a href="http://sutherland.com">sutherland.com</a></a>, and
<a href="/cdn-cgi/l/email-protection#284946464d474a4d5a464c475a4e684d5e4d5a5b404d4c5b05144908405a4d4e15" http: sutherland.com">sutherland.com</a>">anneoberndorf@eversheds-<a href="http://sutherland.com">sutherland.com</a></a>.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, 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' application,
dated January 15, 2026, 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/search-filings">https://www.sec.gov/search-filings</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. 2026-02468 Filed 2-6-26; 8:45 am]
BILLING CODE 8011-01-P
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