[Federal Register Volume 90, Number 175 (Friday, September 12, 2025)]
[Notices]
[Pages 44258-44259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-17653]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35745; File No. 812-15807]


Banner Ridge DSCO Private Markets Fund, et al.

September 10, 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)

[[Page 44259]]

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:  Banner Ridge DSCO Private Markets Fund, Banner Ridge 
Partners, LP, and certain of their affiliated entities as described in 
Schedule A to the application.

FILING DATES:  The application was filed on May 21, 2025 and amended on 
September 3, 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 October 
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: Scott 
Halper, Banner Ridge Partners, 641 Lexington Avenue, 31st Floor, New 
York, NY 10022; David W. Freese, Esq., Morgan, Lewis & Bockius LLP, 
[email protected]; and John J. O'Brien, Esq., Morgan, Lewis 
& Bockius LLP, [email protected].

FOR FURTHER INFORMATION CONTACT: Jill Ehrlich, Senior Counsel, or 
Thomas Ahmadifar, 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 
application, dated September 3, 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. 2025-17653 Filed 9-11-25; 8:45 am]
BILLING CODE 8011-01-P