[Federal Register Volume 90, Number 147 (Monday, August 4, 2025)]
[Notices]
[Pages 36478-36479]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-14668]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35701; File No. 812-15600]


Gemcorp Commodities Alternative Products Fund, et al.

July 30, 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: Gemcorp Commodities Alternative Products Fund, Gemcorp 
Capital Advisors LLC, Gemcorp Capital Management Limited, Gemcorp 
Commodities Trading SA, Gemcorp Commodities Global DMCC, Gemcorp Fund I 
Limited, Gemcorp Multi Strategy Master Fund SICAV SCS and Gemcorp 
Strategic Capital Solutions Fund II Limited.

Filing Dates: The application was filed on July 9, 2024, and amended on 
March 20, 2025, May 5, 2025, July 11, 2025 and July 25, 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 August 
29, 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

[[Page 36479]]

hearing may request notification by emailing the Commission's Secretary 
at [email protected].

ADDRESSES: The Commission: [email protected]. Applicants: 
Sophia Maudslay, Gemcorp Capital Management Limited, 2nd Floor, 1 New 
Burlington Place, London W1S 2HR, United Kingdom; George M. Silfen, 
Alston & Bird LLP, 90 Park Avenue, New York, NY 10016, 
[email protected].

FOR FURTHER INFORMATION CONTACT:  Anna Sandor, Senior Counsel, or Adam 
Large, Senior Special 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, dated July 25, 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. 2025-14668 Filed 8-1-25; 8:45 am]
BILLING CODE 8011-01-P