[Federal Register Volume 87, Number 134 (Thursday, July 14, 2022)]
[Notices]
[Pages 42235-42236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14979]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34644; File No. 812-15090]


Sixth Street Specialty Lending, Inc., et al

July 8, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order (``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: Sixth Street Specialty Lending, Inc., Sixth Street 
Specialty Lending Advisers, LLC, Sixth Street Opportunities Partners 
III (A), L.P., Sixth Street Opportunities Partners III (B), L.P., Sixth 
Street Opportunities Partners III (C), L.P., TOP III Delaware AIV I-A, 
L.P., Opps III Delaware AIV I-B, L.P., Sixth Street Opportunities 
Partners IV (A), L.P., Sixth Street Opportunities Partners IV (B), 
L.P., Sixth Street Opportunities Partners IV (C), L.P., Opps IV 
Delaware AIV I-A, L.P., Opps IV Delaware AIV I-B, L.P., Sixth Street 
Opportunities Partners V (A), L.P., Sixth Street Opportunities Partners 
V (B), L.P., Sixth Street Opportunities Partners V (C), L.P., Sixth 
Street Opps V Delaware AIV I-A, L.P., Sixth Street Opps V Delaware AIV 
I-B, L.P., Sixth Street TAO Partners, L.P., Sixth Street TAO Partners 
(A), L.P., Sixth Street TAO Partners (B), L.P., Sixth Street TAO 
Partners (C), L.P., Sixth Street TAO Partners (D), L.P., Sixth Street 
TAO Partners (E), L.P., Sixth Street TAO Partners (F), L.P., Super TAO 
Contingent MA, L.P., Knight TAO, L.P., Super TAO MA, L.P., PSERS TAO 
Partners Parallel Fund, L.P., TAO (B) AIV II-A, L.P., TAO (C) AIV II-A, 
L.P., TAO (D) AIV II-A, L.P., TAO (E) AIV II-A, L.P., Sixth Street 
Growth Partners (A), L.P., Sixth Street Growth Partners (B), L.P., 
Sixth Street Growth Partners (A) AIV, L.P., Sixth Street Growth 
Partners (B) AIV, L.P., Sixth Street Growth Partners II (A), L.P., 
Sixth Street Growth Partners II (B), L.P., Sixth Street Growth II (A) 
AIV, L.P., Sixth Street Growth II (B) AIV, L.P., Growth II Lending, 
LLC, Sixth Street Fundamental Strategies Partners (A), L.P., Sixth 
Street Fundamental Strategies Partners (B), L.P., Sixth Street FS AIV 
I-A, L.P., Sixth Street FS AIV I-B, L.P., Sixth Street Specialty 
Lending Europe I, L.P., Sixth Street Specialty Lending Europe II, L.P., 
Super TSLE, L.P., Sixth Street Agriculture Partners (A), L.P., Sixth 
Street Bluegrass Strategic Holdings I, L.P., Sixth Street Willow 
Strategic Holdings I, L.P., Sixth Street Cottonwood Strategic Holdings 
I, L.P., Sixth Street Dogwood Strategic Holdings I, L.P., Sixth Street 
Red Pine Strategic Holdings I, L.P., Sixth Street CMS Dynamic Credit 
Fund, L.P., TCS Lending, LLC, TDL Lending, LLC, TOP IV Lending, LLC, 
Opps V Lending, LLC, FS I Lending, LLC, TICP CLO V 2016-1, Ltd., TICP 
CLO VI 2016-2, Ltd., TICP CLO VII, Ltd., TICP CLO VIII, Ltd., TICP

[[Page 42236]]

CLO IX, Ltd., TICP CLO X, Ltd., TICP CLO XI, Ltd., TICP CLO XII, Ltd., 
TICP CLO XIII, Ltd., TICP CLO XIV, Ltd., TICP CLO XV, Ltd., Sixth 
Street CLO XVI, Ltd., Sixth Street CLO XVII, Ltd., Sixth Street CLO 
XVIII, Ltd., Sixth Street CLO XIX, Ltd., Sixth Street CLO XX, Ltd., 
Sixth Street CLO Equity Fund IV, L.P., TSSP Rotational Credit Fund, 
L.P., Sixth Street Wheeler Peak Rotational Credit Fund I, LLC, Sixth 
Street Rotational Credit Fund III, L.P., TSSP Structured Credit 
Opportunities Fund, L.P., Sixth Street Structured Credit Opportunities 
Fund II, L.P., Sixth Street Structured Credit Opportunities Fund III, 
L.P., Sixth Street Structured Credit Opportunities Fund IV, L.P., Sixth 
Street Structured Credit Opportunities Fund V, L.P., TICP CLO Partners 
II, L.P., TICP CLO Holdings, L.P., TSSP Institutional Credit Partners 
III, L.P., Sixth Street Credit Market Strategies Partners I, L.P., 
Sixth Street Credit Market Strategies Partners I-A, L.P., TICP III 
Cayman, Ltd., Sixth Street Mid-Stage Growth Partners (A), L.P., Sixth 
Street Mid-Stage Growth Partners (B), L.P., Sixth Street Mid-Stage 
Growth (A) AIV, L.P., Sixth Street Mid-Stage Growth (B) AIV, L.P., 
Sixth Street Advisers, LLC, Sixth Street Fundamental Strategies I 
Management, LLC, Sixth Street Opportunities III Management, LLC, Sixth 
Street Opportunities IV Management, LLC, Sixth Street Opportunities V 
Management, LLC, Sixth Street TAO Management, LLC, Sixth Street Growth 
I Management, LLC, Sixth Street Growth II Management, LLC, Sixth Street 
Specialty Lending Europe I Management, LLC, Sixth Street Specialty 
Lending Europe II Management, LLC, Sixth Street Agriculture Management, 
LLC, Sixth Street Strategic Holdings Management, LLC, Sixth Street CMS 
Dynamic Credit Management, LLC, TICP CLO V 2016-1 Management, LLC, TICP 
CLO VI 2016-2 Management, LLC, TICP CLO VII Management, LLC, TICP CLO 
VIII Management, LLC, TICP CLO IX Management, LLC, TICP CLO X 
Management, LLC, TICP CLO XI Management, LLC, TICP CLO XII Management, 
LLC, TICP CLO XIII Management, LLC, TICP CLO XIV Management, LLC, TICP 
CLO XV Management, LLC, Sixth Street CLO XVI Management, LLC, Sixth 
Street CLO XVII Management, LLC, Sixth Street CLO XVIII Management, 
LLC, Sixth Street CLO XIX Management, LLC, Sixth Street CLO XX 
Management, LLC, Sixth Street CLO Equity IV Management, LLC, TSSP 
Rotational Credit Management, LLC, Sixth Street Rotational Credit II 
Management, LLC, Sixth Street Rotational Credit III Management, LLC, 
TSSP Structured Credit Opportunities Management, LLC, Sixth Street 
Structured Credit Opportunities II Management, LLC, Sixth Street 
Structured Credit Opportunities III Management, LLC, Sixth Street 
Structured Credit Opportunities IV Management, LLC, Sixth Street 
Structured Credit Opportunities V Management, LLC, Sixth Street CLO 
Advisers II, LLC, TSSP Institutional Credit III Management, LLC, Sixth 
Street Credit Market Strategies Management, LLC, Sixth Street Mid-Stage 
Growth I Management, LLC, MSGP Lending, LLC, Sixth Street Lending 
Partners Advisers, LLC and Sixth Street Lending Partners.

Filing Dates: The application was filed on January 16, 2020, and 
amended on July 20, 2021, December 28, 2021, May 26, 2022, and June 29, 
2022.

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 [email protected] 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 August 2, 
2022, 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 
[email protected].

ADDRESSES: The Commission: [email protected]. Applicants: 
Joshua Peck, [email protected]; John J. Mahon, Esq., 
[email protected].

FOR FURTHER INFORMATION CONTACT: Jennifer O. Palmer, Senior Counsel, or 
Terri G. Jordan, Branch Chief, 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' fourth amended 
and restated application, dated June 29, 2022, 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, at http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also call the SEC's Public Reference Room 
at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-14979 Filed 7-13-22; 8:45 am]
BILLING CODE 8011-01-P