Pender Real Estate Credit Fund, et al.

Issuing agencies

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<title>Federal Register, Volume 91 Issue 162 (Monday, August 24, 2026)</title>
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[Federal Register Volume 91, Number 162 (Monday, August 24, 2026)]
[Notices]
[Pages 54782-54783]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17191]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 36307; File No. 812-15981]


Pender Real Estate Credit Fund, et al.

August 19, 2026.

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: Pender Real Estate Credit Fund; PC ABL SMA 1, L.P., Pender 
Capital Management, LLC and certain of their affiliated entities as 
described in Schedule A to the application.

Filing Dates: The application was filed on January 30, 2026, and 
amended on July 28, 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 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. 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 September 14, 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#5704323425322336252e247a1831313e34321724323479303821"><span class="__cf_email__" data-cfemail="2675434554435247545f550b6940404f45436655434508414950">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#84d7e1e7f6e1f0e5f6fdf7a9cbe2e2ede7e1c4f7e1e7aae3ebf2"><span class="__cf_email__" data-cfemail="0457616776617065767d77294b62626d6761447761672a636b72">[email&#160;protected]</span></a>. Applicants: 
Joshua B. Deringer, Esq., <a href="/cdn-cgi/l/email-protection#b1dbdec2d9c4d09fd5d4c3d8dfd6d4c3f1d7d0d4d6c3d4d5c3d8dfdad4c39fd2dedc"><span class="__cf_email__" data-cfemail="4f25203c273a2e612b2a3d2621282a3d0f292e2a283d2a2b3d2621242a3d612c2022">[email&#160;protected]</span></a> and 
Gwendolyn A. Williamson, Esq., <a href="/cdn-cgi/l/email-protection#5e39293b303a313227307029373232373f332d31301e383f3b392c3b3a2c3730353b2c703d3133"><span class="__cf_email__" data-cfemail="baddcddfd4ded5d6c3d494cdd3d6d6d3dbd7c9d5d4fadcdbdfddc8dfdec8d3d4d1dfc894d9d5d7">[email&#160;protected]</span></a>, 
each of Faegre Drinker Biddle & Reath LLP.

FOR FURTHER INFORMATION CONTACT: Thomas Ahmadifar, Branch Chief, or 
Stephan N. Packs, 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' amended 
application, filed July 28, 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

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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.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-17191 Filed 8-21-26; 8:45 am]
BILLING CODE 8011-01-P


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