[Federal Register Volume 87, Number 194 (Friday, October 7, 2022)]
[Notices]
[Page 61112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21824]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34723; File No. 812-15305]


PennantPark Investment Advisers, LLC, et al.

October 3, 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 supersede a 
previous order granted by the Commission that permits 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:  PennantPark Investment Advisers, LLC, PennantPark 
Investment Corporation, PennantPark Floating Rate Capital Ltd., 
PennantPark Credit Opportunities Fund II, LP, PennantPark Credit 
Opportunities Fund III, LP, PennantPark Credit Opportunities Fund IV 
Aggregator, LP, PennantPark Capital Liquidity Solutions, LP, 
PennantPark Senior Credit Fund, LLC, PennantPark Senior Credit Fund 
Levered, LP, Berkeley Road WC Funding SPV, LP, Berkeley Road WC Funding 
SPV 2, LP, SP Credit Acquisitions, LLC, PennantPark Senior Credit Fund, 
SMA, LP, TPDS I Platinum Holdings LP.

Filing Dates:  The application was filed on January 28, 2022, and 
amended on March 11, 2022, April 29, 2022 and July, 28, 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 October 
27, 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: 
Arthur H. Penn, 1691 Michigan Avenue, Suite 500, Miami Beach, FL 33139.

FOR FURTHER INFORMATION CONTACT: Bruce R. MacNeil, Senior Counsel, or 
Lisa Reid Ragen, 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' third amended and 
restated application, dated July 28, 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, 
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,
Deputy Secretary.
[FR Doc. 2022-21824 Filed 10-6-22; 8:45 am]
BILLING CODE 8011-01-P