Ares Capital Corporation, et al., 56474-56477 [2022-19818]
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56474
Federal Register / Vol. 87, No. 177 / Wednesday, September 14, 2022 / Notices
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
[FR Doc. 2022–19817 Filed 9–13–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
MRX–2022–12 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
khammond on DSKJM1Z7X2PROD with NOTICES
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.74
J. Matthew DeLesDernier,
Deputy Secretary.
All submissions should refer to File
Number SR–MRX–2022–12. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also
will be available for inspection and
copying at the principal office of the
Exchange. All comments received will
be posted without change. Persons
submitting comments are cautioned that
we do not redact or edit personal
identifying information from comment
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–MRX–
2022–12 and should be submitted on or
before October 5, 2022.
[Investment Company Act Release No.
34699; File No. 812–15368]
Ares Capital Corporation, et al.
September 8, 2022.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:
Notice of application for an order
(‘‘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 amend a previous
order granted by the Commission that
permits 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: ACE III Master Fund, L.P.,
ACIP Investment Management LLC,
ACIP Parallel Fund A, L.P., ACIP Apex
Co-Investment, L.P., ACOF Investment
Management LLC, ACOF IV ATD CoInvest, L.P., ACOF Operating Manager
II, L.P., ACOF Operating Manager III,
LLC, ACOF Operating Manager IV, LLC,
ACOF Operating Manager, L.P., ADREX
Advisor LLC, AEIF Kleen Investor, LLC,
AEIF Linden Blocker II LLC, AEPEP II
N Strategic Investments, L.P., AEPEP III
N Strategic Co-Invest, L.P., AF Energy
Feeder, L.P., AF V APR Co-Invest, L.P.,
AIREX Advisor LLC, Ambition
Holdings, L.P., American Capital Equity
I, LLC, American Capital Equity II, LP,
Apollo Poland Real Estate CoInvestment, L.P., Apollo Real Estate
Investment Fund V, L.P., Apollo Real
Estate Management V L.P., Apollo Real
Estate Parallel Fund V–A, L.P., Apollo
Real Estate Parallel Fund V–B, L.P.,
Apollo Real Estate Parallel Fund V–C,
L.P., APSecurities Manager LP, AREA
EAGLE Co-Invest Management LLC,
AREA EAGLE Co-Invest Partnership,
L.P., AREA European Property
Enhancement Management, LLC, AREA
74 17
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European Property Enhancement
Program, L.P., AREA UK Co-Invest Real
Estate Management L.P., AREA–C, L.P.,
AREA–CAELUS Co-Invest Management,
L.P., AREA–CAELUS Co-Invest, L.P.,
AREG AC Makena Holdings LLC, AREG
CC II Manager L.P., AREG CIP 601 W.
29 AIV LP, AREG CIP 601 W. 29 CoInvest Member LLC, AREG CIP DAQ
AIV LP, AREG CIP IE Portfolio AIV LP,
AREG CIP Needham AIV LP, AREG CIP
One South Halsted AIV LP, AREG CIP
Portland Industrial AIV LP, AREG CIP
RW50 AIV LP, AREG CIP Wellington
Bay AIV LP, AREG CV Boston Hotel CoInvestor LLC, AREG ELI Co-Invest
Vehicle, L.P., AREG Iberian Residential
Co-Invest Vehicle SCSp, AREG Kennedy
Co-Invest S.C.A., AREG Klondike
Manager, L.P., AREG LPKC Partners,
L.P., AREG Makena Management L.P.,
AREG Star and Garter Co-Invest
Partnership, L.P., AREG–T European
Portfolio, L.P., AREG–T Manager III,
L.P., AREG-Talisman Fred Supp
Partners, L.P., Ares Alternative Credit
Management LLC, Ares Apex Pooling,
LLC, Ares Asia Management Ltd, Ares
ASIP VII Management, L.P., Ares AssetBacked Loan Fund LP, Ares Cactus
Operating Manager, L.P., Ares Capital
Corporation, Ares Capital Europe IV (E)
Levered, Ares Capital Europe IV (E)
Unlevered, Ares Capital Europe IV (G)
Levered, Ares Capital Europe IV (G)
Unlevered, Ares Capital Europe V (E)
Levered, Ares Capital Europe V (E)
Unlevered, Ares Capital Europe V (G)
Levered, Ares Capital Europe V (G)
Unlevered, Ares Capital Europe, L.P.,
Ares Capital Management LLC, Ares
Capital Management II LLC, Ares
Capital Management III LLC, Ares
Centre Street Management, L.P., Ares
Centre Street Partnership, L.P., Ares CIP
(V) Management LLC, ARES CIP US
Real Estate Opportunity Partners A,
L.P., ARES CIP US Real Estate
Opportunity Partners B, L.P, Ares
Climate Infrastructure Partners, L.P.,
Ares CLO Funding I, L.P., Ares CLO
Funding III LP, Ares CLO Management
LLC, Ares CLO Management XXVII,
L.P., Ares CLO Management II, LLC,
Ares CLO Management IIIR/IVR, L.P.,
Ares CLO Management VIR, L.P., Ares
CLO Management VR, L.P., Ares CLO
Management X, L.P., Ares CLO
Management XI, L.P., Ares CLO
Management XX, L.P., Ares CLO
Management XXI, L.P., Ares CLO
Management XXIX, L.P., Ares CLO
Warehouse 2021–6 Ltd., Ares CLO
Warehouse 2021–8 Ltd., Ares
Commercial Finance LP, Ares
Commercial Finance Management, LP,
Ares Commercial Real Estate
Corporation, Ares Commercial Real
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Federal Register / Vol. 87, No. 177 / Wednesday, September 14, 2022 / Notices
Estate Management LLC, Ares Corporate
Opportunities Fund Asia, L.P., Ares
Corporate Opportunities Fund II, L.P.,
Ares Corporate Opportunities Fund III,
L.P., Ares Corporate Opportunities Fund
IV, L.P., Ares Corporate Opportunities
Fund V, L.P., Ares Corporate
Opportunities Fund VI Parallel
(Foreign), L.P., Ares Corporate
Opportunities Fund VI Parallel (TE),
L.P., Ares Corporate Opportunities Fund
VI, L.P., Ares Corporate Opportunities
Fund, L.P., Ares Credit Hedge Fund LP,
Ares Credit Investment Partnership I (V)
L.P., Ares Credit Investment Partnership
II (A), L.P., Ares Credit Strategies Feeder
III UK, L.P., Ares Credit Strategies Fund
I, L.P., Ares Credit Strategies Fund III,
L.P., Ares Credit Strategies Insurance
Dedicated Fund—Series of SALI Multi
Series Fund LP, Ares CSF III Investment
Management, LLC, Ares CSF IV
Management LLC, Ares CSF Operating
Manager I, LLC, Ares Customized Credit
Fund L.P., Ares Direct Finance I LP,
Ares Direct Investments (AC) LP, Ares
Direct Lending Opportunities LLC, Ares
Direct Lending Opportunities Offshore
LLC, Ares Direct Lending Opportunities
Parallel LLC, Ares Diversified Credit
Strategies Fund (S), L.P., Ares
Diversified Credit Strategies Fund II
(IM), L.P., Ares Diversified Real Estate
Exchange LLC, Ares EHP Co-Invest
Holdings, L.P., Ares EIF Management,
LLC, Ares Energy Investors Fund V,
L.P., Ares Energy Opportunities Fund A,
L.P., Ares Energy Opportunities Fund B,
L.P., Ares Energy Opportunities Fund,
L.P., Ares Enhanced Credit
Opportunities Investment Management
II, LLC, Ares Enhanced Credit
Opportunities Master Fund II, LTD.,
Ares Enhanced Loan Investment
Strategy Advisor IV, L.P., Ares
Enhanced Loan Investment Strategy II,
LTD., Ares Enhanced Loan Investment
Strategy III, LTD., Ares Enhanced Loan
Investment Strategy IR, LTD., Ares
Enhanced Loan Management II, L.P.,
Ares Enhanced Loan Management III,
L.P., Ares Enhanced Loan Management
IR, L.P., Ares EPIC Co-Invest II, L.P.,
Ares EPIC Co-Invest, L.P., Ares
European CLO II B.V., Ares European
CLO IX Designated Activity Company,
Ares European CLO VI Designated
Activity Company, Ares European CLO
VII Designated Activity Company, Ares
European CLO VIII Designated Activity
Company, Ares European CLO X
Designated Activity Company, Ares
European CLO XI Designated Activity
Company, Ares European CLO XII
Designated Activity Company, Ares
European CLO XIII Designated Activity
Company, Ares European CLO XIV
Designated Activity Company, Ares
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European CLO XV Designated Activity
Company, Ares European CLO XVI
Designated Activity Company, Ares
European Credit Investments I (C), L.P.,
Ares European Credit Investments II (G),
L.P., Ares European Credit Investments
III (K), L.P., Ares European Credit
Investments IV (A), L.P., Ares European
Credit Investments V (X), L.P., Ares
European Credit Investments VI (N),
L.P., Ares European Credit Investments
VII (CP), L.P., Ares European Credit
Investments IX (AF), L.P., Ares
European Credit Strategies Fund II (B),
L.P., Ares European Credit Strategies
Fund III (A), L.P., Ares European Credit
Strategies Fund IV (M), L.P., Ares
European Credit Strategies Fund IX (C),
L.P., Ares European Credit Strategies
Fund V (G) L.P., Ares European Credit
Strategies Fund VI (B), LP, Ares
European Credit Strategies Fund VII
(Palo Verde), L.P., Ares European Credit
Strategies Fund X (T), L.P., Ares
European Credit Strategies Fund XI (S),
L.P., Ares European Credit Strategies
Fund XII (Z), SCSp RAIF—Sub-Fund 1,
Ares European Credit Strategies Fund
XII (Z), SCSp RAIF—Sub-Fund 2, Ares
European Loan Funding II, Ares
European Loan Funding S.L.P., Ares
European Loan Management LLP, Ares
European Property Enhancement
Parallel Partners III SCSp, Ares
European Property Enhancement
Partners II, L.P., Ares European Property
Enhancement Partners III SCSp, Ares
European Real Estate Fund I (EU), L.P.,
Ares European Real Estate Fund I (IF),
L.P., Ares European Real Estate Fund II
(EURO), L.P., Ares European Real Estate
Fund II, L.P., Ares European Real Estate
Fund III (EURO), L.P., Ares European
Real Estate Fund III, L.P., Ares European
Real Estate Fund IV (EURO), L.P., Ares
European Real Estate Fund IV, L.P.,
Ares European Real Estate Fund V
(Dollar) SCSp, Ares European Real
Estate Fund V SCSp, Ares European
Real Estate Fund VI SCSp, Ares
European Real Estate Management I,
L.P., Ares European Real Estate
Management II, L.P., Ares European
Real Estate Management III, L.P., Ares
Global Credit Fund S.C.A., SICAV–
RAIF—Ares European Loan Fund (G),
Ares Global Credit Fund S.C.A., SICAV–
RAIF—Ares U.S. Loan Fund (G), Ares
Global High Grade CLO Debt Fund, L.P.,
Ares Global Multi-Asset Credit Master
Fund, L.P., Ares Ground Lease Partners,
L.P., Ares HICOF Operating Manager,
L.P., Ares High Income Credit
Opportunities Fund II (Master) LP, Ares
High Income Credit Opportunities
Fund, L.P., Ares High Yield Strategies
Fund IV Management, L.P., Ares ICOF
II Management, LLC, Ares ICOF II
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56475
Master Fund, L.P., Ares ICOF III Fund
(CAYMAN) LP, Ares ICOF III Fund
(Delaware) LP, Ares ICOF III
Management LP, Ares IDF Management
LLC, Ares IIIR/IVR CLO LTD., Ares
Income Opportunity Fund, L.P., Ares
Industrial Real Estate Exchange LLC,
Ares Industrial Real Estate Fund GP
LLC, Ares Industrial Real Estate Fund
LP, Ares Industrial Real Estate Fund
Manager LLC, Ares Industrial Real
Estate Income Trust Inc., Ares Industrial
Real Estate Income Trust Inc.—BuildTo-Core Industrial Partnership I LP,
Ares Industrial Real Estate Income Trust
Inc.-Build-To-Core Industrial
Partnership II LP, Ares Industrial Real
Estate Income Trust Inc.- Build-To-Core
Industrial Partnership III LLC, Ares
Institutional Credit Fund L.P., Ares
Institutional High Yield Master Fund
LP, Ares Institutional Loan Fund, L.P.,
Ares Institutional Structured Credit
Management, L.P., Ares Jasper Fund,
L.P., Ares L CLO Ltd., Ares LI CLO Ltd.,
Ares LII CLO Ltd., Ares LIII CLO Ltd.,
Ares LIV CLO Ltd., Ares LIX CLO Ltd.,
Ares Loan Funding I, Ltd., Ares Loan
Trust 2011, Ares Loan Trust 2016, Ares
LV CLO Ltd. (fka Ares CLO Warehouse
2018–6), Ares LVI CLO Ltd., Ares LVII
CLO Ltd., Ares LVIII CLO Ltd., Ares LX
CLO Ltd., Ares LXI CLO Ltd., Ares LXII
CLO Ltd., Ares Management Limited,
Ares Management LLC, Ares
Management Luxembourg S.a.r.l., Ares
Management UK Limited, Ares Master
Employee Co-Invest Program 2015, L.P.,
Ares Master Employee Co-Invest
Program 2019 Offshore, L.P., Ares
Master Employee Co-Invest Program
2019 Onshore, L.P., Ares Mezzanine
Management LLC, Ares Mezzanine
Partners, L.P., Ares Midway Partners,
L.P., Ares Minerva Co-Invest, L.P., Ares
MSCF V (H) Management LLC, Ares
Multi-Asset Credit Strategies Fund LP,
Ares Multi-Credit Fund LLC, Ares
Multi-Strategy Credit Fund V (H), L.P.,
Ares ND Credit Strategies Fund LLC,
Ares PA Opportunities Fund, L.P., Ares
Pan-European Logistics Partnership,
L.P., Ares Pathfinder Core Fund
(Offshore), L.P., Ares Pathfinder Core
Fund, L.P., Ares Pathfinder Fund
(Offshore), L.P., Ares Pathfinder Fund,
L.P., Ares PBN Finance Co. LLC, Ares
PE Extended Value Fund LP, Ares PG
Co-Invest L.P., Ares Private Account
Management I, L.P., Ares Private Credit
Solutions (Cayman), L.P., Ares Private
Credit Solutions (Offshore) II, L.P., Ares
Private Credit Solutions II, L.P., Ares
Private Credit Solutions, L.P., Ares
Private Debt Strategies Fund II, L.P.,
Ares Private Markets Fund, Ares Private
Opportunities (CP), L.P., Ares Private
Opportunities (NYC), L.P., Ares Private
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56476
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Opportunities 2020 (C), LP, Ares Real
Estate Enhanced Income Fund, L.P.,
Ares Real Estate Management Holdings,
LLC, Ares Real Estate Income Trust Inc.,
Ares Real Estate Secured Income Fund,
L.P., Ares RF Co-Invest (H), L.P., Ares
RF Co-Invest, L.P., Ares RLG Co-Invest
Holdings, L.P., Ares SCM Co-Invest III,
L.P., Ares Secured Income Master Fund
LP, Ares Senior Direct Lending Master
Fund Designated Activity Company,
Ares Senior Direct Lending Master Fund
II Designated Activity Company, Ares
Senior Direct Lending Parallel Fund (L)
II, L.P., Ares Senior Direct Lending
Parallel Fund (L), L.P., Ares Senior
Direct Lending Parallel Fund (U) B, L.P.,
Ares Senior Direct Lending Parallel
Fund (U) II, L.P., Ares Senior Direct
Lending Parallel Fund (U), L.P., Ares
Senior Loan Trust, Ares Senior Loan
Trust Management L.P., Ares SDL II
Capital Management LLC, Ares SFERS
Credit Strategies Fund LLC, Ares
Special Opportunities Fund (Offshore),
L.P., Ares Special Opportunities Fund,
L.P., Ares Special Opportunities Fund II
(Jersey A) L.P., Ares Special
Opportunities Fund II (Jersey) L.P., Ares
Special Opportunities Fund II
(Offshore), L.P., Ares Special
Opportunities Fund II, L.P., Ares
Special Situations Fund III, L.P., Ares
Special Situations Fund IV, L.P., Ares
Sports, Media and Entertainment
Finance (Offshore), L.P., Ares Sports,
Media and Entertainment Finance, L.P.,
Ares SSG Capital Management
(Australia) PTY LTD, Ares SSG Capital
Management (Hong Kong) Limited, Ares
SSG Capital Management Limited, Ares
SSG Capital Management (Mauritius)
LTD., Ares SSG Capital Management
(Singapore) PTE. LTD., Ares SSG
Capital Management (Thailand)
Limited, Ares SSG Capital Partners VI,
L.P., Ares SSG Excelsior Co-Investment,
L.P., Ares SSG Direct Lending, L.P.,
Ares SSG Secured Lending
Opportunities III, L.P., Ares Strategic
Income Fund, Ares Strategic Investment
Partners IV, Ares Strategic Real Estate
Program-HHC, LLC, Ares UK Credit
Strategies, L.P., Ares U.S. CLO
Management III LLC—Series A, Ares US
Real Estate Development and
Redevelopment Fund II, LP, Ares US
Real Estate Fund IX, L.P., Ares US Real
Estate Fund VII 892, L.P., Ares US Real
Estate Fund VII, L.P., Ares US Real
Estate Fund VIII, L.P., Ares US Real
Estate Fund X, L.P., Ares US Real Estate
Fund X–A, L.P., Ares US Real Estate
Fund X–B, L.P., Ares US Real Estate
Opportunity Fund III, L.P., Ares US Real
Estate Opportunity Fund, L.P., Ares US
Real Estate Opportunity Management,
L.P., Ares US Real Estate Opportunity
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Parallel Fund III–A, L.P., Ares US Real
Estate Opportunity Parallel Fund III–B,
L.P., Ares US Real Estate Parallel Fund
IX, L.P., Ares US Real Estate Parallel II
Fund IX, L.P., Ares US Real Estate VII
Management, LLC, Ares US Real Estate
VIII Management, LLC, Ares VAL CoInvest Holdings I, L.P., Ares VAL CoInvest Holdings II, L.P., Ares VIR CLO
LTD., Ares VR CLO, LTD., Ares X CLO
LTD., Ares XI CLO LTD., Ares XL CLO
Ltd, Ares XLI CLO Ltd, Ares XLII CLO
Ltd., Ares XLIII CLO Ltd., Ares XLIV
CLO Ltd., Ares XLIX CLO Ltd, Ares XLV
CLO Ltd., Ares XLVI CLO LTD, Ares
XLVII CLO LTD, Ares XLVIII CLO Ltd.,
Ares XX CLO LTD, Ares XXI CLO LTD.,
Ares XXIX CLO LTD, Ares XXVII CLO
LTD, Ares XXVIIIR CLO Ltd., Ares
XXXIIR CLO Ltd., Ares XXXIR CLO
Ltd., ARES XXXIV CLO LTD., Ares
XXXIX CLO Ltd., Ares XXXVII CLO,
LTD, Ares XXXVIII CLO, LTD, ASIP
Operating Manager IV, LLC, ASOF
Delaware Feeder, L.P., ASOF Direct
Investments (A), L.P., ASOF Investment
Management LLC, Ares Insurance
Partners, L.P., Ares Insurance Solutions
LLC, Aspida Holdings Ltd., Aspida Life
Re Ltd., Aspida Holdings LLC, Aspida
Re (Bermuda) Ltd., Aspida Re Services
Ltd., Aspida Risk Advisors, LLC, Aspida
Financial Services, LLC, Aspida Life
Insurance Company, ASSF Operating
Manager III, LLC, ASSF Operating
Manager IV, L.P., BCG BTC III Managing
Member LLC, Cal Ares Real Estate Debt
Partners, LLC, Chengdu Ares Yuanjing
Equity Investment Fund L.P., Chengdu
Ares Yuankang Investment Management
Co Ltd, Chimney Tops Loan Fund, LLC,
CION Ares Diversified Credit Fund,
CION Ares Management, LLC, COLTS
2005–1 LTD., COLTS 2005–2 LTD.,
Columbus Opportunity Fund, L.P.,
Crestline Denali Capital LLC, Crestline
Denali CLO XIV, Ltd., Crestline Denali
CLO XV, Ltd., Crestline Denali CLO
XVI, Ltd., Crestline Denali CLO XVII,
Ltd., Denali Capital CLO X, Ltd., Denali
Capital CLO XI, Ltd., Denali Capital
CLO XII, Ltd., EIF Calypso II Blocker,
LLC, EIF Channelview Blocker, LLC, EIF
Oregon, LLC, EIF United States Power
Fund IV, L.P., Emporia Preferred
Funding III, LTD., Goldman Sachs
Multi-Manager Non-Core Fixed Income
Fund, Hush Lux S.a.r.l., Industrial
Property Advisors Sub II LLC, Industrial
Property Advisors Sub III LLC, Ivy Hill
Asset Management, L.P., Ivy Hill
Investment Holdings, LLC, Ivy Hill
Middle Market Credit Fund IV, LTD.,
Ivy Hill Middle Market Credit Fund IX,
LTD, Ivy Hill Middle Market Credit
Fund V, LTD., Ivy Hill Middle Market
Credit Fund VII, LTD., Ivy Hill Middle
Market Credit Fund VIII, LTD., Ivy Hill
PO 00000
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Middle Market Credit Fund X, LTD, Ivy
Hill Middle Market Credit Fund XII,
LTD, Ivy Hill Middle Market Credit
Fund XIV, Ltd, Ivy Hill Middle Market
Credit Fund XV, Ltd., Ivy Hill Middle
Market Credit Fund XVI, Ltd., Ivy Hill
Middle Market Credit Fund XVII, Ltd.,
Ivy Hill Middle Market Credit Fund
XIX, Ltd., Ivy Hill Middle Market Credit
Fund XVIII, Ltd., Ivy Hill Revolver
Funding LP, Klondike LLC, Landmark—
NYC Fund I, L.P., Landmark CoInvestment Partners IX, L.P., Landmark
Equity Advisors LLC, Landmark Equity
Partners XIII, L.P., Landmark Equity
Partners XIII–A, L.P., Landmark Equity
Partners XIV, L.P., Landmark Equity
Partners XV, L.P., Landmark Equity
Partners XVI Co-Investment Fund, L.P.,
Landmark Equity Partners XVI, L.P.,
Landmark Equity Partners XVII CoInvestment Fund, L.P., Landmark Equity
Partners XVII, L.P, Landmark Equity
Partners XVII–B, L.P., Landmark Growth
Capital Partners, L.P., Landmark
Hudson Partners I, L.P., Landmark IAM
Growth Capital, L.P., Landmark IAM
Real Estate Partnership V, L.P.,
Landmark Infrastructure Partners II,
L.P., Landmark Pacific Partners II, L.P.,
Landmark Pacific Partners, L.P.—Series
A, Landmark Pacific Partners, L.P.—
Series B, Landmark Pacific Partners,
L.P.—Series C, Landmark Partners LLC,
Landmark Partners 1907 Fund I, L.P.,
Landmark Partners 1907 Fund II, L.P.,
Landmark Partners 1907 Fund III, L.P.,
Landmark Partners Insurance Fund
Series Interests of the SALI Multi-Series
Fund, L.P., Landmark Private
Opportunities (FG) 2021, L.P.,
Landmark Realty Advisors LLC,
Landmark Real Estate Partners IX CoInvestment Fund, L.P., Landmark Real
Estate Partners IX, L.P., Landmark Real
Estate Partners V, L.P., Landmark Real
Estate Partners VI Offshore, L.P.,
Landmark Real Estate Partners VI, L.P.,
Landmark Real Estate Partners VII
Offshore, L.P., Landmark Real Estate
Partners VII OPERS Co-Investment, L.P.,
Landmark Real Estate Partners VII, L.P.,
Landmark Real Estate Partners VIII CoInvestment Fund, L.P., Landmark Real
Estate Partners VIII, L.P., Landmark Real
Estate Partners VIII–A, L.P., Landmark
Real Estate Partners VIII-Campbell CoInvestment, L.P., Landmark Real Estate
Partners IX-Campbell Co-Investment,
L.P., Landmark Real Estate Partners VII–
IP Co-Investment, L.P., Landmark Real
Estate Partners VI–OPERS CoInvestment, L.P., Landmark Sing CoInvestment Fund I, L.P., Landmark Tig
Co-Investment Fund I, L.P., Landmark
TX ERS Co-Investment Fund I, L.P.,
Landmark TX ERS Co-Investment Fund
II, L.P., Legacy SCM Aggregator, LLC,
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LWFB Co-Investment Fund I, L.P., MC
European Real Estate Debt Parent LP,
MC Investments Parent L.P, NCL III—
Outside Opportunities B, NCL
Investments II—Outside Opportunities
Series A, NCL Investments II—Outside
Opportunities Series B, NCL
Investments II—PE Series, NCL
Investments II—RA Series, NCL
Investments II—RE Series, NCL
Investments III PE Series, NCL
Investments III RA Series, NCL
Investments III RE Series, NCL
Investments III, L.P. Outside
Opportunities Series A, NCL
Investments, L.P.—PE Series, NCL
Investments, L.P.—RA Series, NCL
Investments, L.P.—RE Series, Passero
18, L.P., Private Debt Strategies Fund III,
L.P., Private Debt Strategies Fund IV,
L.P., Private Debt Strategies Fund V,
L.P., Renaissance Floating Rate Income
Fund, SEI Global Master Fund PLC, SEI
Institutional Investments Trust—High
Yield Bond Fund, SEI Institutional
Investments Trust—Opportunistic
Income Fund, SEI Institutional Managed
Trust—High Yield Bond Fund, SEI
Investments Canada Company—U.S.
High Yield Bond Fund, Shanghai SSG
Investment Management Company
Limited, Spring Bridge Partners
(Longshore), LP, Spring Bridge Partners
(PES) Fund, LP, Spring Bridge Partners,
L.P., SSG Capital Partners I Side Pocket,
L.P., SSG Capital Partners II, L.P., SSG
Capital Partners III, LP, SSG Capital
Partners IV SIDECAR, L.P., SSG Capital
Partners IV, L.P., SSG Capital Partners V
SIDECAR, L.P., SSG Capital Partners V,
L.P., SSG Secured Lending
Opportunities I–A, L.P., SSG Secured
Lending Opportunities II, L.P.,
Touchstone Credit Opportunities Fund,
Towers Watson Focused High Yield
Master Fund, United States Power Fund
II, L.P., United States Power Fund III,
L.P., USPF II Institutional Fund, L.P.,
Wafra Venture Master Fund I, and VEF
Group Management, LLC.
Filing Dates: The application was
filed on July 15, 2022, and amended on
September 1, 2022.
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
Secretarys-Office@sec.gov 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, September 29, 2022,
and should be accompanied by proof of
VerDate Sep<11>2014
18:31 Sep 13, 2022
Jkt 256001
service on 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
Secretarys-Office@sec.gov.
SECURITIES AND EXCHANGE
COMMISSION
The Commission:
Secretarys-Office@sec.gov. Applicants:
R. Kipp deVeer, Chief Executive Officer,
and Joshua M. Bloomstein, General
Counsel, Ares Capital Corporation, 245
Park Avenue, 44th Floor, New York, NY
10167; Naseem Sagati Aghili, General
Counsel, Ares Management Corporation,
2000 Avenue of the Stars, 12th Floor,
Los Angeles, CA 90067; and Nicole M.
Runyan, Kirkland & Ellis LLP, at
nicole.runyan@kirkland.com.
September 8, 2022.
ADDRESSES:
56477
[Release No. 34–95707; File No. SR–CBOE–
2022–036]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Order Approving a
Proposed Rule Change To Amend
Cboe Rule 5.6 and Cboe Rule 5.33 To
Allow Delta-Adjusted at Close Orders
To Be Submitted in FLEX Equity
Options
Kieran G. Brown, Senior Counsel, or
Terri Jordan, Branch Chief, at (202) 551–
6825 (Division of Investment
Management, Chief Counsel’s Office).
I. Introduction
On July 8, 2022, Cboe Exchange, Inc.
(‘‘Cboe’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Exchange Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to allow the Delta-Adjusted at
Close (‘‘DAC’’) Order Instruction to be
submitted in FLEX equity options on
the Exchange. The proposed rule change
was published for comment in the
Federal Register on July 27, 2022.3 The
Commission has received no comment
letters on the proposal. This order
approves the proposed rule change.
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ first amended and restated
application, dated September 1, 2022,
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/
legacy/companysearch.html. You may
also call the SEC’s Public Reference
Room at (202) 551–8090.
II. Description of the Proposed Rule
Change
The Exchange proposes to amend
Cboe Rule 5.6 (for simple DAC orders)
and Cboe Rule 5.33 (for complex DAC
orders) to allow DAC orders to be
submitted in any FLEX option,
including equity options, except that a
simple DAC order submitted in a single
stock equity option may not be
submitted until 45 minutes prior to the
market close and may not be submitted
on its expiration day.4
A DAC order is an order for which the
System 5 delta-adjusts its execution
price after the market close.6 Currently,
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–19818 Filed 9–13–22; 8:45 am]
BILLING CODE 8011–01–P
PO 00000
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 95344
(July 21, 2022), 87 FR 45138 (‘‘Notice’’).
4 The Exchange notes that references to equity
options and equity securities within this proposed
rule change refers to options on securities that are
not exchange-traded products (‘‘ETPs’’) and equity
securities that are not ETPs (i.e., single stock
securities), respectively. Under this proposal, DAC
orders will continue to be available only for FLEX
options. For a more detailed description of the
proposed rule change, see Notice. Id.
5 The term ‘‘System’’ means the Exchange’s
hybrid trading platform that integrates electronic
and open outcry trading of option contracts on the
Exchange, and includes any connectivity to the
foregoing trading platform that is administered by
or on behalf of the Exchange, such as a
communications hub. See Cboe Rule 1.1.
6 See Cboe Rule 5.6(c) and Cboe Rule 5.33(b)(5).
See also Securities Exchange Act Release No. 90319
2 17
Continued
Frm 00082
Fmt 4703
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14SEN1
]]>Agencies
[Federal Register Volume 87, Number 177 (Wednesday, September 14, 2022)]
[Notices]
[Pages 56474-56477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19818]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34699; File No. 812-15368]
Ares Capital Corporation, et al.
September 8, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of application for an order (``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 amend a
previous order granted by the Commission that permits 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: ACE III Master Fund, L.P., ACIP Investment Management
LLC, ACIP Parallel Fund A, L.P., ACIP Apex Co-Investment, L.P., ACOF
Investment Management LLC, ACOF IV ATD Co-Invest, L.P., ACOF Operating
Manager II, L.P., ACOF Operating Manager III, LLC, ACOF Operating
Manager IV, LLC, ACOF Operating Manager, L.P., ADREX Advisor LLC, AEIF
Kleen Investor, LLC, AEIF Linden Blocker II LLC, AEPEP II N Strategic
Investments, L.P., AEPEP III N Strategic Co-Invest, L.P., AF Energy
Feeder, L.P., AF V APR Co-Invest, L.P., AIREX Advisor LLC, Ambition
Holdings, L.P., American Capital Equity I, LLC, American Capital Equity
II, LP, Apollo Poland Real Estate Co-Investment, L.P., Apollo Real
Estate Investment Fund V, L.P., Apollo Real Estate Management V L.P.,
Apollo Real Estate Parallel Fund V-A, L.P., Apollo Real Estate Parallel
Fund V-B, L.P., Apollo Real Estate Parallel Fund V-C, L.P.,
APSecurities Manager LP, AREA EAGLE Co-Invest Management LLC, AREA
EAGLE Co-Invest Partnership, L.P., AREA European Property Enhancement
Management, LLC, AREA European Property Enhancement Program, L.P., AREA
UK Co-Invest Real Estate Management L.P., AREA-C, L.P., AREA-CAELUS Co-
Invest Management, L.P., AREA-CAELUS Co-Invest, L.P., AREG AC Makena
Holdings LLC, AREG CC II Manager L.P., AREG CIP 601 W. 29 AIV LP, AREG
CIP 601 W. 29 Co-Invest Member LLC, AREG CIP DAQ AIV LP, AREG CIP IE
Portfolio AIV LP, AREG CIP Needham AIV LP, AREG CIP One South Halsted
AIV LP, AREG CIP Portland Industrial AIV LP, AREG CIP RW50 AIV LP, AREG
CIP Wellington Bay AIV LP, AREG CV Boston Hotel Co-Investor LLC, AREG
ELI Co-Invest Vehicle, L.P., AREG Iberian Residential Co-Invest Vehicle
SCSp, AREG Kennedy Co-Invest S.C.A., AREG Klondike Manager, L.P., AREG
LPKC Partners, L.P., AREG Makena Management L.P., AREG Star and Garter
Co-Invest Partnership, L.P., AREG-T European Portfolio, L.P., AREG-T
Manager III, L.P., AREG-Talisman Fred Supp Partners, L.P., Ares
Alternative Credit Management LLC, Ares Apex Pooling, LLC, Ares Asia
Management Ltd, Ares ASIP VII Management, L.P., Ares Asset-Backed Loan
Fund LP, Ares Cactus Operating Manager, L.P., Ares Capital Corporation,
Ares Capital Europe IV (E) Levered, Ares Capital Europe IV (E)
Unlevered, Ares Capital Europe IV (G) Levered, Ares Capital Europe IV
(G) Unlevered, Ares Capital Europe V (E) Levered, Ares Capital Europe V
(E) Unlevered, Ares Capital Europe V (G) Levered, Ares Capital Europe V
(G) Unlevered, Ares Capital Europe, L.P., Ares Capital Management LLC,
Ares Capital Management II LLC, Ares Capital Management III LLC, Ares
Centre Street Management, L.P., Ares Centre Street Partnership, L.P.,
Ares CIP (V) Management LLC, ARES CIP US Real Estate Opportunity
Partners A, L.P., ARES CIP US Real Estate Opportunity Partners B, L.P,
Ares Climate Infrastructure Partners, L.P., Ares CLO Funding I, L.P.,
Ares CLO Funding III LP, Ares CLO Management LLC, Ares CLO Management
XXVII, L.P., Ares CLO Management II, LLC, Ares CLO Management IIIR/IVR,
L.P., Ares CLO Management VIR, L.P., Ares CLO Management VR, L.P., Ares
CLO Management X, L.P., Ares CLO Management XI, L.P., Ares CLO
Management XX, L.P., Ares CLO Management XXI, L.P., Ares CLO Management
XXIX, L.P., Ares CLO Warehouse 2021-6 Ltd., Ares CLO Warehouse 2021-8
Ltd., Ares Commercial Finance LP, Ares Commercial Finance Management,
LP, Ares Commercial Real Estate Corporation, Ares Commercial Real
[[Page 56475]]
Estate Management LLC, Ares Corporate Opportunities Fund Asia, L.P.,
Ares Corporate Opportunities Fund II, L.P., Ares Corporate
Opportunities Fund III, L.P., Ares Corporate Opportunities Fund IV,
L.P., Ares Corporate Opportunities Fund V, L.P., Ares Corporate
Opportunities Fund VI Parallel (Foreign), L.P., Ares Corporate
Opportunities Fund VI Parallel (TE), L.P., Ares Corporate Opportunities
Fund VI, L.P., Ares Corporate Opportunities Fund, L.P., Ares Credit
Hedge Fund LP, Ares Credit Investment Partnership I (V) L.P., Ares
Credit Investment Partnership II (A), L.P., Ares Credit Strategies
Feeder III UK, L.P., Ares Credit Strategies Fund I, L.P., Ares Credit
Strategies Fund III, L.P., Ares Credit Strategies Insurance Dedicated
Fund--Series of SALI Multi Series Fund LP, Ares CSF III Investment
Management, LLC, Ares CSF IV Management LLC, Ares CSF Operating Manager
I, LLC, Ares Customized Credit Fund L.P., Ares Direct Finance I LP,
Ares Direct Investments (AC) LP, Ares Direct Lending Opportunities LLC,
Ares Direct Lending Opportunities Offshore LLC, Ares Direct Lending
Opportunities Parallel LLC, Ares Diversified Credit Strategies Fund
(S), L.P., Ares Diversified Credit Strategies Fund II (IM), L.P., Ares
Diversified Real Estate Exchange LLC, Ares EHP Co-Invest Holdings,
L.P., Ares EIF Management, LLC, Ares Energy Investors Fund V, L.P.,
Ares Energy Opportunities Fund A, L.P., Ares Energy Opportunities Fund
B, L.P., Ares Energy Opportunities Fund, L.P., Ares Enhanced Credit
Opportunities Investment Management II, LLC, Ares Enhanced Credit
Opportunities Master Fund II, LTD., Ares Enhanced Loan Investment
Strategy Advisor IV, L.P., Ares Enhanced Loan Investment Strategy II,
LTD., Ares Enhanced Loan Investment Strategy III, LTD., Ares Enhanced
Loan Investment Strategy IR, LTD., Ares Enhanced Loan Management II,
L.P., Ares Enhanced Loan Management III, L.P., Ares Enhanced Loan
Management IR, L.P., Ares EPIC Co-Invest II, L.P., Ares EPIC Co-Invest,
L.P., Ares European CLO II B.V., Ares European CLO IX Designated
Activity Company, Ares European CLO VI Designated Activity Company,
Ares European CLO VII Designated Activity Company, Ares European CLO
VIII Designated Activity Company, Ares European CLO X Designated
Activity Company, Ares European CLO XI Designated Activity Company,
Ares European CLO XII Designated Activity Company, Ares European CLO
XIII Designated Activity Company, Ares European CLO XIV Designated
Activity Company, Ares European CLO XV Designated Activity Company,
Ares European CLO XVI Designated Activity Company, Ares European Credit
Investments I (C), L.P., Ares European Credit Investments II (G), L.P.,
Ares European Credit Investments III (K), L.P., Ares European Credit
Investments IV (A), L.P., Ares European Credit Investments V (X), L.P.,
Ares European Credit Investments VI (N), L.P., Ares European Credit
Investments VII (CP), L.P., Ares European Credit Investments IX (AF),
L.P., Ares European Credit Strategies Fund II (B), L.P., Ares European
Credit Strategies Fund III (A), L.P., Ares European Credit Strategies
Fund IV (M), L.P., Ares European Credit Strategies Fund IX (C), L.P.,
Ares European Credit Strategies Fund V (G) L.P., Ares European Credit
Strategies Fund VI (B), LP, Ares European Credit Strategies Fund VII
(Palo Verde), L.P., Ares European Credit Strategies Fund X (T), L.P.,
Ares European Credit Strategies Fund XI (S), L.P., Ares European Credit
Strategies Fund XII (Z), SCSp RAIF--Sub-Fund 1, Ares European Credit
Strategies Fund XII (Z), SCSp RAIF--Sub-Fund 2, Ares European Loan
Funding II, Ares European Loan Funding S.L.P., Ares European Loan
Management LLP, Ares European Property Enhancement Parallel Partners
III SCSp, Ares European Property Enhancement Partners II, L.P., Ares
European Property Enhancement Partners III SCSp, Ares European Real
Estate Fund I (EU), L.P., Ares European Real Estate Fund I (IF), L.P.,
Ares European Real Estate Fund II (EURO), L.P., Ares European Real
Estate Fund II, L.P., Ares European Real Estate Fund III (EURO), L.P.,
Ares European Real Estate Fund III, L.P., Ares European Real Estate
Fund IV (EURO), L.P., Ares European Real Estate Fund IV, L.P., Ares
European Real Estate Fund V (Dollar) SCSp, Ares European Real Estate
Fund V SCSp, Ares European Real Estate Fund VI SCSp, Ares European Real
Estate Management I, L.P., Ares European Real Estate Management II,
L.P., Ares European Real Estate Management III, L.P., Ares Global
Credit Fund S.C.A., SICAV-RAIF--Ares European Loan Fund (G), Ares
Global Credit Fund S.C.A., SICAV-RAIF--Ares U.S. Loan Fund (G), Ares
Global High Grade CLO Debt Fund, L.P., Ares Global Multi-Asset Credit
Master Fund, L.P., Ares Ground Lease Partners, L.P., Ares HICOF
Operating Manager, L.P., Ares High Income Credit Opportunities Fund II
(Master) LP, Ares High Income Credit Opportunities Fund, L.P., Ares
High Yield Strategies Fund IV Management, L.P., Ares ICOF II
Management, LLC, Ares ICOF II Master Fund, L.P., Ares ICOF III Fund
(CAYMAN) LP, Ares ICOF III Fund (Delaware) LP, Ares ICOF III Management
LP, Ares IDF Management LLC, Ares IIIR/IVR CLO LTD., Ares Income
Opportunity Fund, L.P., Ares Industrial Real Estate Exchange LLC, Ares
Industrial Real Estate Fund GP LLC, Ares Industrial Real Estate Fund
LP, Ares Industrial Real Estate Fund Manager LLC, Ares Industrial Real
Estate Income Trust Inc., Ares Industrial Real Estate Income Trust
Inc.--Build-To-Core Industrial Partnership I LP, Ares Industrial Real
Estate Income Trust Inc.-Build-To-Core Industrial Partnership II LP,
Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial
Partnership III LLC, Ares Institutional Credit Fund L.P., Ares
Institutional High Yield Master Fund LP, Ares Institutional Loan Fund,
L.P., Ares Institutional Structured Credit Management, L.P., Ares
Jasper Fund, L.P., Ares L CLO Ltd., Ares LI CLO Ltd., Ares LII CLO
Ltd., Ares LIII CLO Ltd., Ares LIV CLO Ltd., Ares LIX CLO Ltd., Ares
Loan Funding I, Ltd., Ares Loan Trust 2011, Ares Loan Trust 2016, Ares
LV CLO Ltd. (fka Ares CLO Warehouse 2018-6), Ares LVI CLO Ltd., Ares
LVII CLO Ltd., Ares LVIII CLO Ltd., Ares LX CLO Ltd., Ares LXI CLO
Ltd., Ares LXII CLO Ltd., Ares Management Limited, Ares Management LLC,
Ares Management Luxembourg S.a.r.l., Ares Management UK Limited, Ares
Master Employee Co-Invest Program 2015, L.P., Ares Master Employee Co-
Invest Program 2019 Offshore, L.P., Ares Master Employee Co-Invest
Program 2019 Onshore, L.P., Ares Mezzanine Management LLC, Ares
Mezzanine Partners, L.P., Ares Midway Partners, L.P., Ares Minerva Co-
Invest, L.P., Ares MSCF V (H) Management LLC, Ares Multi-Asset Credit
Strategies Fund LP, Ares Multi-Credit Fund LLC, Ares Multi-Strategy
Credit Fund V (H), L.P., Ares ND Credit Strategies Fund LLC, Ares PA
Opportunities Fund, L.P., Ares Pan-European Logistics Partnership,
L.P., Ares Pathfinder Core Fund (Offshore), L.P., Ares Pathfinder Core
Fund, L.P., Ares Pathfinder Fund (Offshore), L.P., Ares Pathfinder
Fund, L.P., Ares PBN Finance Co. LLC, Ares PE Extended Value Fund LP,
Ares PG Co-Invest L.P., Ares Private Account Management I, L.P., Ares
Private Credit Solutions (Cayman), L.P., Ares Private Credit Solutions
(Offshore) II, L.P., Ares Private Credit Solutions II, L.P., Ares
Private Credit Solutions, L.P., Ares Private Debt Strategies Fund II,
L.P., Ares Private Markets Fund, Ares Private Opportunities (CP), L.P.,
Ares Private Opportunities (NYC), L.P., Ares Private
[[Page 56476]]
Opportunities 2020 (C), LP, Ares Real Estate Enhanced Income Fund,
L.P., Ares Real Estate Management Holdings, LLC, Ares Real Estate
Income Trust Inc., Ares Real Estate Secured Income Fund, L.P., Ares RF
Co-Invest (H), L.P., Ares RF Co-Invest, L.P., Ares RLG Co-Invest
Holdings, L.P., Ares SCM Co-Invest III, L.P., Ares Secured Income
Master Fund LP, Ares Senior Direct Lending Master Fund Designated
Activity Company, Ares Senior Direct Lending Master Fund II Designated
Activity Company, Ares Senior Direct Lending Parallel Fund (L) II,
L.P., Ares Senior Direct Lending Parallel Fund (L), L.P., Ares Senior
Direct Lending Parallel Fund (U) B, L.P., Ares Senior Direct Lending
Parallel Fund (U) II, L.P., Ares Senior Direct Lending Parallel Fund
(U), L.P., Ares Senior Loan Trust, Ares Senior Loan Trust Management
L.P., Ares SDL II Capital Management LLC, Ares SFERS Credit Strategies
Fund LLC, Ares Special Opportunities Fund (Offshore), L.P., Ares
Special Opportunities Fund, L.P., Ares Special Opportunities Fund II
(Jersey A) L.P., Ares Special Opportunities Fund II (Jersey) L.P., Ares
Special Opportunities Fund II (Offshore), L.P., Ares Special
Opportunities Fund II, L.P., Ares Special Situations Fund III, L.P.,
Ares Special Situations Fund IV, L.P., Ares Sports, Media and
Entertainment Finance (Offshore), L.P., Ares Sports, Media and
Entertainment Finance, L.P., Ares SSG Capital Management (Australia)
PTY LTD, Ares SSG Capital Management (Hong Kong) Limited, Ares SSG
Capital Management Limited, Ares SSG Capital Management (Mauritius)
LTD., Ares SSG Capital Management (Singapore) PTE. LTD., Ares SSG
Capital Management (Thailand) Limited, Ares SSG Capital Partners VI,
L.P., Ares SSG Excelsior Co-Investment, L.P., Ares SSG Direct Lending,
L.P., Ares SSG Secured Lending Opportunities III, L.P., Ares Strategic
Income Fund, Ares Strategic Investment Partners IV, Ares Strategic Real
Estate Program-HHC, LLC, Ares UK Credit Strategies, L.P., Ares U.S. CLO
Management III LLC--Series A, Ares US Real Estate Development and
Redevelopment Fund II, LP, Ares US Real Estate Fund IX, L.P., Ares US
Real Estate Fund VII 892, L.P., Ares US Real Estate Fund VII, L.P.,
Ares US Real Estate Fund VIII, L.P., Ares US Real Estate Fund X, L.P.,
Ares US Real Estate Fund X-A, L.P., Ares US Real Estate Fund X-B, L.P.,
Ares US Real Estate Opportunity Fund III, L.P., Ares US Real Estate
Opportunity Fund, L.P., Ares US Real Estate Opportunity Management,
L.P., Ares US Real Estate Opportunity Parallel Fund III-A, L.P., Ares
US Real Estate Opportunity Parallel Fund III-B, L.P., Ares US Real
Estate Parallel Fund IX, L.P., Ares US Real Estate Parallel II Fund IX,
L.P., Ares US Real Estate VII Management, LLC, Ares US Real Estate VIII
Management, LLC, Ares VAL Co-Invest Holdings I, L.P., Ares VAL Co-
Invest Holdings II, L.P., Ares VIR CLO LTD., Ares VR CLO, LTD., Ares X
CLO LTD., Ares XI CLO LTD., Ares XL CLO Ltd, Ares XLI CLO Ltd, Ares
XLII CLO Ltd., Ares XLIII CLO Ltd., Ares XLIV CLO Ltd., Ares XLIX CLO
Ltd, Ares XLV CLO Ltd., Ares XLVI CLO LTD, Ares XLVII CLO LTD, Ares
XLVIII CLO Ltd., Ares XX CLO LTD, Ares XXI CLO LTD., Ares XXIX CLO LTD,
Ares XXVII CLO LTD, Ares XXVIIIR CLO Ltd., Ares XXXIIR CLO Ltd., Ares
XXXIR CLO Ltd., ARES XXXIV CLO LTD., Ares XXXIX CLO Ltd., Ares XXXVII
CLO, LTD, Ares XXXVIII CLO, LTD, ASIP Operating Manager IV, LLC, ASOF
Delaware Feeder, L.P., ASOF Direct Investments (A), L.P., ASOF
Investment Management LLC, Ares Insurance Partners, L.P., Ares
Insurance Solutions LLC, Aspida Holdings Ltd., Aspida Life Re Ltd.,
Aspida Holdings LLC, Aspida Re (Bermuda) Ltd., Aspida Re Services Ltd.,
Aspida Risk Advisors, LLC, Aspida Financial Services, LLC, Aspida Life
Insurance Company, ASSF Operating Manager III, LLC, ASSF Operating
Manager IV, L.P., BCG BTC III Managing Member LLC, Cal Ares Real Estate
Debt Partners, LLC, Chengdu Ares Yuanjing Equity Investment Fund L.P.,
Chengdu Ares Yuankang Investment Management Co Ltd, Chimney Tops Loan
Fund, LLC, CION Ares Diversified Credit Fund, CION Ares Management,
LLC, COLTS 2005-1 LTD., COLTS 2005-2 LTD., Columbus Opportunity Fund,
L.P., Crestline Denali Capital LLC, Crestline Denali CLO XIV, Ltd.,
Crestline Denali CLO XV, Ltd., Crestline Denali CLO XVI, Ltd.,
Crestline Denali CLO XVII, Ltd., Denali Capital CLO X, Ltd., Denali
Capital CLO XI, Ltd., Denali Capital CLO XII, Ltd., EIF Calypso II
Blocker, LLC, EIF Channelview Blocker, LLC, EIF Oregon, LLC, EIF United
States Power Fund IV, L.P., Emporia Preferred Funding III, LTD.,
Goldman Sachs Multi-Manager Non-Core Fixed Income Fund, Hush Lux
S.a.r.l., Industrial Property Advisors Sub II LLC, Industrial Property
Advisors Sub III LLC, Ivy Hill Asset Management, L.P., Ivy Hill
Investment Holdings, LLC, Ivy Hill Middle Market Credit Fund IV, LTD.,
Ivy Hill Middle Market Credit Fund IX, LTD, Ivy Hill Middle Market
Credit Fund V, LTD., Ivy Hill Middle Market Credit Fund VII, LTD., Ivy
Hill Middle Market Credit Fund VIII, LTD., Ivy Hill Middle Market
Credit Fund X, LTD, Ivy Hill Middle Market Credit Fund XII, LTD, Ivy
Hill Middle Market Credit Fund XIV, Ltd, Ivy Hill Middle Market Credit
Fund XV, Ltd., Ivy Hill Middle Market Credit Fund XVI, Ltd., Ivy Hill
Middle Market Credit Fund XVII, Ltd., Ivy Hill Middle Market Credit
Fund XIX, Ltd., Ivy Hill Middle Market Credit Fund XVIII, Ltd., Ivy
Hill Revolver Funding LP, Klondike LLC, Landmark--NYC Fund I, L.P.,
Landmark Co-Investment Partners IX, L.P., Landmark Equity Advisors LLC,
Landmark Equity Partners XIII, L.P., Landmark Equity Partners XIII-A,
L.P., Landmark Equity Partners XIV, L.P., Landmark Equity Partners XV,
L.P., Landmark Equity Partners XVI Co-Investment Fund, L.P., Landmark
Equity Partners XVI, L.P., Landmark Equity Partners XVII Co-Investment
Fund, L.P., Landmark Equity Partners XVII, L.P, Landmark Equity
Partners XVII-B, L.P., Landmark Growth Capital Partners, L.P., Landmark
Hudson Partners I, L.P., Landmark IAM Growth Capital, L.P., Landmark
IAM Real Estate Partnership V, L.P., Landmark Infrastructure Partners
II, L.P., Landmark Pacific Partners II, L.P., Landmark Pacific
Partners, L.P.--Series A, Landmark Pacific Partners, L.P.--Series B,
Landmark Pacific Partners, L.P.--Series C, Landmark Partners LLC,
Landmark Partners 1907 Fund I, L.P., Landmark Partners 1907 Fund II,
L.P., Landmark Partners 1907 Fund III, L.P., Landmark Partners
Insurance Fund Series Interests of the SALI Multi-Series Fund, L.P.,
Landmark Private Opportunities (FG) 2021, L.P., Landmark Realty
Advisors LLC, Landmark Real Estate Partners IX Co-Investment Fund,
L.P., Landmark Real Estate Partners IX, L.P., Landmark Real Estate
Partners V, L.P., Landmark Real Estate Partners VI Offshore, L.P.,
Landmark Real Estate Partners VI, L.P., Landmark Real Estate Partners
VII Offshore, L.P., Landmark Real Estate Partners VII OPERS Co-
Investment, L.P., Landmark Real Estate Partners VII, L.P., Landmark
Real Estate Partners VIII Co-Investment Fund, L.P., Landmark Real
Estate Partners VIII, L.P., Landmark Real Estate Partners VIII-A, L.P.,
Landmark Real Estate Partners VIII-Campbell Co-Investment, L.P.,
Landmark Real Estate Partners IX-Campbell Co-Investment, L.P., Landmark
Real Estate Partners VII-IP Co-Investment, L.P., Landmark Real Estate
Partners VI-OPERS Co-Investment, L.P., Landmark Sing Co-Investment Fund
I, L.P., Landmark Tig Co-Investment Fund I, L.P., Landmark TX ERS Co-
Investment Fund I, L.P., Landmark TX ERS Co-Investment Fund II, L.P.,
Legacy SCM Aggregator, LLC,
[[Page 56477]]
LWFB Co-Investment Fund I, L.P., MC European Real Estate Debt Parent
LP, MC Investments Parent L.P, NCL III--Outside Opportunities B, NCL
Investments II--Outside Opportunities Series A, NCL Investments II--
Outside Opportunities Series B, NCL Investments II--PE Series, NCL
Investments II--RA Series, NCL Investments II--RE Series, NCL
Investments III PE Series, NCL Investments III RA Series, NCL
Investments III RE Series, NCL Investments III, L.P. Outside
Opportunities Series A, NCL Investments, L.P.--PE Series, NCL
Investments, L.P.--RA Series, NCL Investments, L.P.--RE Series, Passero
18, L.P., Private Debt Strategies Fund III, L.P., Private Debt
Strategies Fund IV, L.P., Private Debt Strategies Fund V, L.P.,
Renaissance Floating Rate Income Fund, SEI Global Master Fund PLC, SEI
Institutional Investments Trust--High Yield Bond Fund, SEI
Institutional Investments Trust--Opportunistic Income Fund, SEI
Institutional Managed Trust--High Yield Bond Fund, SEI Investments
Canada Company--U.S. High Yield Bond Fund, Shanghai SSG Investment
Management Company Limited, Spring Bridge Partners (Longshore), LP,
Spring Bridge Partners (PES) Fund, LP, Spring Bridge Partners, L.P.,
SSG Capital Partners I Side Pocket, L.P., SSG Capital Partners II,
L.P., SSG Capital Partners III, LP, SSG Capital Partners IV SIDECAR,
L.P., SSG Capital Partners IV, L.P., SSG Capital Partners V SIDECAR,
L.P., SSG Capital Partners V, L.P., SSG Secured Lending Opportunities
I-A, L.P., SSG Secured Lending Opportunities II, L.P., Touchstone
Credit Opportunities Fund, Towers Watson Focused High Yield Master
Fund, United States Power Fund II, L.P., United States Power Fund III,
L.P., USPF II Institutional Fund, L.P., Wafra Venture Master Fund I,
and VEF Group Management, LLC.
Filing Dates: The application was filed on July 15, 2022, and
amended on September 1, 2022.
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,
September 29, 2022, and should be accompanied by proof of service on
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: R.
Kipp deVeer, Chief Executive Officer, and Joshua M. Bloomstein, General
Counsel, Ares Capital Corporation, 245 Park Avenue, 44th Floor, New
York, NY 10167; Naseem Sagati Aghili, General Counsel, Ares Management
Corporation, 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA
90067; and Nicole M. Runyan, Kirkland & Ellis LLP, at
[email protected].
FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or
Terri Jordan, 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 and
restated application, dated September 1, 2022, 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/legacy/companysearch.html. You may also call the SEC's Public Reference Room
at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-19818 Filed 9-13-22; 8:45 am]
BILLING CODE 8011-01-P
