[Federal Register Volume 91, Number 34 (Friday, February 20, 2026)]
[Notices]
[Page 8285]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-03330]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35957; 812-15964]
CIFC Direct Lending Evergreen Fund LP and CIFC Private Credit
Management LLC
February 17, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
18(a)(2), 18(c),18(i) and 61(a) of the Act.
Summary of Application: Applicants request an order to permit certain
closed-end investment companies that have elected to be regulated as
business development companies to issue multiple classes of shares with
varying sales loads and asset-based distribution and/or service fees.
Applicants: CIFC Direct Lending Evergreen Fund LP and CIFC Private
Credit Management LLC.
Filing Date: The application was filed on December 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. 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 16, 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.
ADDRESSES: The Commission: [email protected]. Applicants: Asha
Richards, Senior Managing Director and General Counsel, CIFC Private
Credit Management LLC, 1 SE 3rd Avenue, Suite 1660, Miami, Florida
33131 with copies to Richard Horowitz, Esq., Dechert LLP, 1095 Avenue
of the Americas, New York, New York 10036, and Alexander Karampatsos,
Esq., Dechert LLP, 1900 K Street Northwest, Washington, DC 20006.
FOR FURTHER INFORMATION CONTACT: Rachel Loko, 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,
dated December 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/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. 2026-03330 Filed 2-19-26; 8:45 am]
BILLING CODE 8011-01-P