[Federal Register Volume 89, Number 249 (Monday, December 30, 2024)]
[Notices]
[Page 106644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30857]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35425; File No. 812-15543]
Morgan Stanley Direct Lending Fund, et al.
December 19, 2024.
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: Morgan Stanley Direct Lending Fund, MS Capital Partners
Adviser Inc., NH Credit Partners III Holdings L.P., NH Expansion Credit
Fund Holdings LP, North Haven Credit Partners II L.P., North Haven
Credit Partners III L.P., North Haven Senior Loan Fund (ALMA)
Designated Activity Company, North Haven Senior Loan Fund L.P., North
Haven Senior Loan Fund Offshore L.P., North Haven Senior Loan Fund
Unleveraged Offshore L.P., North Haven Tactical Value Fund (AIV) LP,
North Haven Tactical Value Fund LP, North Haven Unleveraged Senior Loan
Fund (Yen) L.P., NH Senior Loan Fund Offshore Holdings L.P., NH Senior
Loan Fund Onshore Holdings LLC, DLF CA SPV LLC, DLF Equity Holdings
LLC, DLF SPV LLC, DLF Financing SPV LLC, SL Investment Fund II LLC,
SLIF II CA SPV LLC, SLIC CA SPV LLC, SLIC Equity Holdings LLC, SLIC
Financing SPV LLC, T Series Middle Market Loan Fund LLC, T Series CA
SPV LLC, T Series Equity Holdings LLC, T Series Financing SPV LLC, T
Series Financing II SPV LLC, T Series Financing III SPV LLC, North
Haven Private Income Fund LLC, North Haven Private Income Fund A LLC,
LGAM Private Credit LLC, PIF CA SPV LLC, NHPIF Equity Holdings SPV LLC,
Broadway Funding Holdings LLC, PIF Financing SPV LLC, PIF Financing II
SPV LLC, PIF A CA SPV LLC, Broadway Funding Holdings II LLC, PIF A
Financing SPV LLC, PIF A Equity Holdings LLC, 1585 Koala Holdings LLC,
LGAM CA SPV LLC, LGAM Financing SPV LLC, LGAM Equity Holdings LLC,
Credit Opportunities (Series M) LP, NH-G 2022 SCSp, North Haven Senior
Loan Fund (ALMA) II Designated Activity Company, North Haven Expansion
Credit II L.P., North Haven Direct Lending Fund Aggregator L.P., NHDL I
SPV LLC, North Haven Credit Partners IV Holdings A L.P., North Haven
Credit Partners IV Holdings B L.P., North Haven Tactical Value Fund II
Lux AIV-B SCSp, North Haven Tactical Value Fund II Lux AIV-C SCSp, NHTV
II Onshore Aggregator LP, North Haven Structured Solutions Fund LP and
Morgan Stanley Senior Funding, Inc.
Filing Dates: The application was filed on January 29, 2024 and
amended on August 20, 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 Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on January
13, 2025 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
[email protected].
ADDRESSES: The Commission: [email protected]. Applicants: Orit
Mizrachi, 1585 Broadway, 23rd floor, New York, NY 10036, with a copy
to: Thomas Friedmann, Dechert LLP, One International Place, 100 Oliver
St., 40th Floor, Boston, MA 02110.
FOR FURTHER INFORMATION CONTACT: Adam Lovell, 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' amended and
restated application, dated August 20, 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.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-30857 Filed 12-27-24; 8:45 am]
BILLING CODE 8011-01-P