[Federal Register Volume 90, Number 94 (Friday, May 16, 2025)]
[Notices]
[Page 21088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08718]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35582; File No. 812-15562]
MSD Investment Corp., et al.
May 12, 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.
Applicants: MSD Investment Corp., MSD Partners, L.P., BDT Capital
Partners, LLC, BDTCP Investments 2022, LLC, Arcus Parent, LLC, Arcus
Holdings, Inc., Investors Life Insurance Company of North America, MSD
BDC SPV I, LLC, MSD BDC SPV II, LLC, and MSD BDC CLO I, LLC, and
certain of their affiliated entities as described in Schedule A to the
application.
Filing Dates: The application was filed on April 11, 2024, and amended
on August 13, 2024, November 25, 2024, March 26, 2025 and April 29,
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 June 6,
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:
Robert Simonds, MSD Partners, L.P., 550 Madison Avenue, 20th Floor, New
York, NY 10022, [email protected]; Anne G. Oberndorf, Eversheds
Sutherland (US) LLP, 700 Sixth Street NW, Suite 700, Washington, DC
20001, sutherland.com">anneoberndorf@eversheds-sutherland.com.
FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel,
Deepak T. Pai, 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' fourth amended
application, filed April 29, 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. 2025-08718 Filed 5-15-25; 8:45 am]
BILLING CODE 8011-01-P