[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,

[[Page 67703]]

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