[Federal Register Volume 91, Number 29 (Thursday, February 12, 2026)]
[Notices]
[Pages 6700-6701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-02793]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35943; File No. 812-15962]


Stepstone Private Credit Fund LLC, et al.

February 9, 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: StepStone Private Credit Fund LLC, StepStone Private 
Markets, StepStone Private Venture and Growth Fund, StepStone Private 
Infrastructure Fund, StepStone Private Credit Income Fund, StepStone 
Private Credit Co-Investment Fund, StepStone Private Equity Strategies 
Fund, StepStone Group Private Debt LLC, StepStone Group Private Wealth 
LLC, StepStone Group Real Assets LP, StepStone Group Europe Alternative 
Investments Limited, StepStone Group Real Estate LP, StepStone Group 
Private Debt AG, StepStone Group LP, certain of their wholly-owned 
subsidiaries as described in Schedule A to the application, and certain 
of their affiliated entities as described in Schedule B to the 
application

Filing Dates: The application was filed on December 23, 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. The email 
should include the file number referenced above. Hearing requests 
should be received by the Commission by 5:30 p.m., Eastern time, on 
March 6, 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:

[[Page 6701]]

Ariel Goldblatt, StepStone Group Private Debt LLC, New York, NY, 10172; 
Robert W. Long, StepStone Group Private Wealth LLC, 128 S Tryon St., 
Suite 880, Charlotte, NC 28202; Bendukai Bouey, 
[email protected]; David Bartels, Esq., Clay Douglas, 
Esq., Dechert LLP, 1095 Avenue of the America, New York, NY 10036; and 
Richard Horowitz, Dechert LLP, [email protected].

FOR FURTHER INFORMATION CONTACT: Jill Ehrlich, 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' application, 
filed December 23, 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/search-filings. 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. 2026-02793 Filed 2-11-26; 8:45 am]
BILLING CODE 8011-01-P