[Federal Register Volume 91, Number 17 (Tuesday, January 27, 2026)]
[Notices]
[Page 3567]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-01589]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35911; File No. 812-15836]


Carlyle Secured Lending, Inc., et al.

January 23, 2026.
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:  Carlyle Secured Lending, Inc., Carlyle Credit Solutions, 
Inc., Carlyle Tactical Private Credit Fund, Carlyle AlpInvest Private 
Markets Fund, Carlyle Credit Income Fund, Carlyle Global Credit 
Investment Management L.L.C., AlpInvest Partners BV, AlpInvest Private 
Equity Investment Management, LLC, Carlyle Private Equity Partners 
Fund, L.P., CELF Advisors LLP, Carlyle Investment Management L.L.C., 
Carlyle CLO Management L.L.C., TCG BDC SPV LLC, Carlyle Direct Lending 
CLO 2015-1R LLC, Carlyle Credit Solutions SPV LLC, Carlyle Direct 
Lending CLO 2024-1, LLC, Carlyle Credit Solutions SPV 2 LLC, OCPC 
Credit Facility SPV LLC, Middle Market Credit Fund, LLC, TCG Capital 
Markets L.L.C., TCG Senior Funding L.L.C. and certain of their 
affiliated entities as described in Schedule A to the Application.

Filing Dates: The application was filed on June 20, 2025, and amended 
on September 8, 2025, October 2, 2025, and December 4, 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 February 
17, 2026, 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: 
Joshua Lefkowitz, Carlyle Global Credit Investment Management LLC, 
[email protected]; William G. Farrar, Sullivan & Cromwell 
LLP, [email protected].

FOR FURTHER INFORMATION CONTACT:  Adam Large, Senior Special Counsel, 
or Deepak T. Pai, Senior 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, filed December 4, 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/search/. 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.
Stephanie J. Fouse,
Assistant Secretary.
[FR Doc. 2026-01589 Filed 1-26-26; 8:45 am]
BILLING CODE 8011-01-P