[Federal Register Volume 89, Number 162 (Wednesday, August 21, 2024)]
[Notices]
[Pages 67702-67704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18664]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35296; File No. 812-15549]
Oaktree Strategic Credit Fund, et al.
August 15, 2024.
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 amend a previous
order granted by the Commission that permits certain business
development companies and closed-end management investment companies to
co-invest in portfolio companies with each other and with certain
affiliated investment entities.
Applicants: Oaktree Strategic Income, LLC, Oaktree Strategic Credit
Fund, Oaktree Specialty Lending Corporation, Oaktree Gardens OLP, LLC,
Oaktree Capital Management, L.P., Oaktree Fund Advisors, LLC, Oaktree
Capital Management (UK) LLP, Oaktree Capital Management (Europe) LLP,
Oaktree Capital Management (International) Limited, LFE European Asset
Management S.[agrave] r.l., Oaktree High Yield Bond Fund, L.P., Oaktree
High Yield Fund II, L.P., Oaktree Expanded High Yield Fund, L.P.,
Oaktree Global High Yield Bond Fund, L.P., Oaktree European High Yield
Fund, L.P., Oaktree Senior Loan Fund, L.P., Oaktree Enhanced Income
Fund III, L.P., Oaktree Enhanced Income Fund III (Parallel), L.P.,
Oaktree CLO 2014-1 Ltd., Oaktree CLO 2014-2 Ltd., Oaktree CLO 2015-1
Ltd., Oaktree CLO 2018-1 Ltd., Oaktree CLO 2019-1 Ltd., Oaktree CLO
2019-2 Ltd., Oaktree CLO 2019-3 Ltd., Oaktree CLO 2019-4 Ltd., Oaktree
CLO 2020-1 Ltd., Oaktree CLO 2021-1, Ltd., Oaktree CLO 2021-2, Ltd.,
Oaktree CLO 2022-1, Ltd., Oaktree CLO 2022-2, Ltd., Oaktree CLO 2022-3,
Ltd., Oaktree CLO 2023-1, Ltd., Oaktree CLO 2023-2, Ltd., Oaktree CLO
Equity Fund I, L.P., Oaktree Strategic Credit Fund A, L.P., Oaktree
Strategic Credit Fund B, L.P., Ace Strategic Credit Holdings (Cayman),
L.P., Exelon Strategic Credit Holdings, LLC, Oaktree-Minn Strategic
Credit, LLC, INPRS Strategic Credit Holdings, LLC, Oaktree-NGP
Strategic Credit, LLC, Oaktree-TBMR Strategic Credit Fund,
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LLC, Oaktree-TBMR Strategic Credit Fund C, LLC, Oaktree-TBMR Strategic
Credit Fund F, LLC, Oaktree-TBMR Strategic Credit Fund G, LLC, Oaktree-
TCDRS Strategic Credit, LLC, Oaktree-TSE 16 Strategic Credit, LLC,
Oaktree AZ Strategic Lending Fund, L.P., Oaktree Jalapeno Investment
Fund, L.P., Oaktree PRE Life Sciences Fund, L.P., Oaktree PRE Life
Sciences AIF, L.P., Oaktree Life Sciences Lending Fund, L.P., Oaktree
Life Sciences Lending Fund (Parallel), L.P., Oaktree Life Sciences
Lending Fund (Parallel 2), L.P., Oaktree Life Sciences Lending Fund,
SCSp, Oaktree Life Sciences Lending Fund (Parallel), SCSp, Oaktree Loan
Acquisition Fund, L.P., INPRS Emerging Markets Total Return Holdings,
LLC, Investin Pro RED Holdings, LLC, Investin Pro RED Holdings
S.[agrave].r.l., Oaktree Gilead Investment Fund, L.P., Oaktree Gilead
Investment Fund AIF (Delaware), L.P., Oaktree Direct Lending Fund,
L.P., Oaktree Direct Lending Fund Unlevered, L.P., Oaktree Direct
Lending Fund (Parallel), L.P., Oaktree Direct Lending Fund Unlevered
(Parallel), L.P., Oaktree Debt Acquisition Fund (Parallel 2), L.P.,
Oaktree Direct Lending Fund, SCSp, Oaktree Alpha Credit Fund, L.P.,
Oaktree Mezzanine Fund IV, L.P., Oaktree Mezzanine Fund V, L.P.,
Oaktree Mezzanine Fund V (Parallel), SCSp, Oaktree SBIC Fund, L.P.,
Oaktree Middle-Market Direct Lending Fund, L.P., Oaktree Middle-Market
Direct Lending Unlevered Fund, L.P., Oaktree Middle-Market Direct
Lending Fund (Parallel), L.P., Oaktree Middle-Market Direct Lending
Unlevered Fund (Parallel), L.P., Oaktree Middle-Market Direct Lending
Fund (Parallel 2), L.P., Oaktree European Capital Solutions Fund
(Parallel), L.P., Oaktree European Capital Solutions Fund, L.P.,
Oaktree European Capital Solutions Fund II, L.P., Oaktree European
Capital Solutions Fund II, SCSp, Oaktree European Capital Solutions
Fund, SCSp-RAIF, Oaktree European Capital Solutions Fund III, L.P.,
Oaktree European Capital Solutions Fund III, SCSp, Oaktree Mercury
Investment Fund, L.P., Oaktree European Special Situations Fund, L.P.,
Oaktree Maritime and Transportation Fund, L.P., Oaktree Emerging
Markets Debt Total Return Fund, L.P., Oaktree Boulder Investment Fund,
L.P., Oaktree Epsilon Investment Fund, L.P., Oaktree Opportunities Fund
X, L.P., Oaktree Opportunities Fund X (Parallel), L.P., Oaktree
Opportunities Fund X (Parallel 2), L.P., Oaktree Opportunities Fund Xb,
L.P., Oaktree Opportunities Fund Xb (Parallel), L.P., Oaktree
Opportunities Fund Xb (Parallel 2), L.P., Oaktree Opportunities Fund
XI, L.P., Oaktree Opportunities Fund XI (Parallel), L.P., Oaktree
Opportunities Fund XI (Parallel 2), SCSP, Oaktree Opportunities Fund XI
(Parallel 3), L.P., Oaktree Latigo Investment Fund, L.P., Oaktree
Opportunities Fund XII, L.P., Oaktree Opportunities Fund XII
(Parallel), L.P., Oaktree Opportunities Fund XII (Parallel 2), SCSp,
Oaktree Opportunities Fund XII (Parallel 3), L.P., Oaktree
Opportunities Fund XII (Parallel 4), SCSp, Oaktree Huntington
Investment Fund II, L.P., Oaktree Cascade Investment Fund I, L.P.,
Oaktree Cascade Investment Fund II, L.P., Oaktree Cascade Investment
Fund III, L.P., Oaktree Value Opportunities Fund, L.P., Oaktree Phoenix
Investment Fund, L.P., Oaktree Glacier Investment Fund, L.P., Oaktree
TX Emerging Market Opportunities Fund, L.P., Oaktree Emerging Market
Opportunities Fund, L.P., Oaktree Glacier Investment Fund II, L.P.,
Oaktree Moraine Co-Investment Fund, L.P., Oaktree Emerging Markets
Opportunities Fund II, L.P., Oaktree FF Emerging Markets Opportunities
Fund, L.P., Oaktree Oasis Investment Fund, L.P., Oaktree Special
Situations Fund, L.P., Oaktree Special Situations Fund II, L.P., OCM
Avalon Co-Investment Fund, L.P., Oaktree Avalon Co-Investment Fund II,
L.P., Oaktree Star Investment Fund II, L.P., Oaktree Special Situations
Fund III, L.P., Oaktree Special Situations Fund III (Parallel 2), SCSp,
Oaktree European Principal Fund IV, L.P., Oaktree European Principal
Fund IV, S.C.S., Oaktree Power Opportunities Fund IV, L.P., Oaktree
Power Opportunities Fund IV (Parallel), L.P., Oaktree European
Principal Fund V, L.P., Oaktree European Principal Fund V, SCSp,
Oaktree Power Opportunities Fund V, L.P., Oaktree Power Opportunities
Fund V (Parallel), L.P., Oaktree Power Opportunities Fund VI, L.P.,
Oaktree Power Opportunities Fund VI (Parallel 3), L.P., Oaktree
Transportation Infrastructure Fund, L.P., Oaktree Transportation
Infrastructure Fund (Parallel), L.P., Oaktree Transportation
Infrastructure Fund (Parallel 2), L.P., Oaktree Transportation
Infrastructure Fund (Parallel 3), L.P., Oaktree Transportation
Infrastructure Capital Partners, L.P., Oaktree Transportation
Infrastructure Capital Partners (Parallel), L.P., Oaktree
Transportation Infrastructure Capital Partners (Parallel 2), L.P.,
Oaktree Baltimore Investment Fund, L.P., Oaktree TICP Managed Co-
Investment Fund, L.P., Oaktree Ports America Capital Partners, L.P.,
Oaktree Real Estate Opportunities Fund VII, L.P., Oaktree Real Estate
Opportunities Fund VII (Parallel), L.P., Oaktree Real Estate
Opportunities Fund VII (Parallel 2), L.P., Oaktree Real Estate
Opportunities Fund VII (Parallel 3), L.P., Oaktree Real Estate
Opportunities Fund VII (Parallel 4), L.P., Oaktree Real Estate
Opportunities Fund VIII, L.P., Oaktree Real Estate Opportunities Fund
VIII (Parallel), L.P., Oaktree Real Estate Opportunities Fund VIII
(Parallel), S.C.Sp, Oaktree Real Estate Opportunities Fund VIII
(Parallel) 2, L.P., Oaktree Real Estate Opportunities Fund VIII
(Parallel) 3, L.P., Oaktree Real Estate Opportunities Fund VIII
(Parallel) 4, L.P., Oaktree Real Estate Opportunities Fund VIII
(Parallel) 5, L.P., Oaktree Real Estate Opportunities Fund VIII
(Parallel) 6, L.P., Oaktree Real Estate Opportunities Fund IX, L.P.,
Oaktree Pinnacle Investment Fund, L.P., Oaktree Real Estate Debt Fund
II, L.P., Oaktree Real Estate Debt Fund II (Parallel), L.P., Oaktree
Real Estate Debt Fund III, L.P., Oaktree Real Estate Debt Fund III
(Lux), S.C.Sp, Oaktree Real Estate Debt Fund III (Parallel), L.P.,
Oaktree Real Estate Debt Fund IV, L.P., Oaktree-TSE 16 Real Estate
Debt, LLC, Oaktree (Lux.) FS S.C.SP. SICAV RAIF, Oaktree Patriot
Investment Fund, L.P., Tirro Fund, L.P., Oaktree Real Estate Income
Fund, L.P., Oaktree Real Estate Income Fund (Parallel), L.P., Oaktree
Real Estate Income Fund (Parallel II), L.P., Oaktree Real Estate Income
Fund (Parallel III), L.P., Oaktree Emerging Markets Equity Fund, L.P.,
Oaktree Value Equity Fund, L.P., Oaktree Private Investment Fund IV,
L.P., Oaktree-Forrest Multi-Strategy, LLC, Oaktree TT Multi-Strategy
Fund, L.P., Oaktree Global Credit Fund, L.P., Oaktree GC Super Fund,
L.P., Oaktree Huntington-GCF Investment Fund, L.P., Oaktree Huntington-
GCF Investment Fund (Direct Lending AIF), L.P., Oaktree Absolute Return
Income Fund, L.P., Oaktree Global Credit Plus Fund, L.P., Oaktree
Broadgate Multi-Strategy Fund, L.P., Oaktree Route 66 Multi-Strategy
Fund, L.P., and Oaktree Emerging Market Debt Fund, L.P.
Filing Dates: The application was filed on February 13, 2024, and
amended on May 17, 2024.
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
[[Page 67704]]
Applicant below. Hearing requests should be received by the Commission
by 5:30 p.m. on, September 9, 2024, 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: Mary
Gallegly, Managing Director, Oaktree Capital Management, L.P., at
[email protected]; and William G. Farrar, Esq., Sullivan &
Cromwell LLP, at [email protected].
FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or
Terri 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' first amended and
restated application, dated May 17, 2024, 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
https://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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18664 Filed 8-20-24; 8:45 am]
BILLING CODE 8011-01-P