[Federal Register Volume 90, Number 70 (Monday, April 14, 2025)]
[Notices]
[Pages 15609-15610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-06250]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35525; File No. 812-15712]
BlackRock Growth Equity Fund LP, et al.
April 8, 2025.
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. The requested
order includes streamlined terms and conditions as compared to past
comparable orders.
APPLICANTS: BlackRock Credit Strategies Fund, CREDX Subsidiary, LLC,
BlackRock Direct Lending Corp., BlackRock Private Credit Fund, BDEBT
Subsidiary LLC, BlackRock Private Credit Fund Leverage I, LLC,
BlackRock Private Investments Fund, BPIF Subsidiary, LLC, Cayman
Private Investments Fund, Ltd., BlackRock TCP Capital Corp., Special
Value Continuation Partners LLC, TCPC Funding I, LLC, TCPC Funding II,
LLC, TCPC SBIC, LP, TCPC SBIC GP, LLC, BCIC Merger Sub, LLC, BlackRock
Capital Investment Advisors, LLC, Tennenbaum Capital Partners, LLC,
SVOF/MM, LLC, and certain of their affiliated entities as described in
Appendix A to the application.
FILING DATES: The application was filed on March 4, 2025, and amended
on March 20, 2025, April 3, 2025, and April 8, 2025.
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 May 5,
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: Diana
Huffman, General Counsel, BlackRock Private Credit Fund, 50 Hudson
Yards, New York, New York 10001, [email protected];
Laurence D. Paredes, Managing Director, BlackRock Capital Investment
Advisors, LLC, 50 Hudson Yards, New York, New York 1000; Erik Cuellar,
Director, Tennenbaum Capital Partners, LLC, 2951 28th Street, Suite
1000, Santa Monica, California 90405; Ryan P. Brizek, Simpson Thacher &
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Bartlett LLP, 900 G Street, NW, Washington, DC 20001; Michael Hoffman,
Skadden, Arps, Slate, Meagher & Flom LLP, One Manhattan West, New York,
New York 10019; and Margery K. Neale, Esq., Willkie Farr & Gallagher
LLP, 787 Seventh Avenue, New York, New York 10019.
FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel,
Jill Ehrlich, Senior Counsel, or Daniele Marchesani, Assistant Chief
Counsel, 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
application, dated April 8, 2025, 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/companysearch.html. You may also
call the SEC's Office of Investor Education and Advocacy at (202) 551-
8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-06250 Filed 4-11-25; 8:45 am]
BILLING CODE 8011-01-P