[Federal Register Volume 91, Number 57 (Wednesday, March 25, 2026)]
[Notices]
[Pages 14603-14604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-05824]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 36030; File No. 812-15872]
ACAP Strategic Fund, et al.
March 23, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
[[Page 14604]]
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: ACAP Strategic Fund; Innovation Access Fund; SilverBay
Capital Management LLC; Alkeon Capital Management, LLC and certain of
their affiliated entities as described in Exhibit B to the Application.
FILING DATES: The application was filed on August 4, 2025, and amended
on March 9, 2026.
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. This email
should include the file number referenced above. Hearing requests
should be received by the Commission by 5:30 p.m., Eastern time, on
April 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:
Jennifer Shufro, SilverBay Capital Management LLC, 350 Madison Avenue,
20th Floor, New York, New York, 10017; George M. Silfen, Esq., Alston &
Bird LLP, [email protected].
FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, 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' first amended
application, filed March 9, 2026, 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.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-05824 Filed 3-24-26; 8:45 am]
BILLING CODE 8011-01-P