Onex Falcon Direct Lending BDC Fund, et al., 60726-60727 [2023-19088]

Download as PDF 60726 Federal Register / Vol. 88, No. 170 / Tuesday, September 5, 2023 / Notices MATTERS TO BE CONSIDERED: Meeting of the Board of Governors Week of September 4, 2023 Friday, September 8, 2023, at 10:00 a.m. There are no meetings scheduled for the week of September 4, 2023. Week of September 11, 2023—Tentative Tuesday, September 12, 2023 10:00 a.m. All Employees Meeting (Public Meeting) (Contact: Anthony de Jesus: 301–287–9219; Adrienne Brown: 301–415–3764) Additional Information: The meeting will be held in the Two White Flint North auditorium, 11555 Rockville Pike, Rockville, Maryland. The public is invited to attend the Commission’s meeting live by webcast at the Web address—https://video.nrc.gov/. Thursday, September 14, 2023 There are no meetings scheduled for the week of September 18, 2023. Week of September 25, 2023—Tentative There are no meetings scheduled for the week of September 25, 2023. Week of October 2, 2023—Tentative There are no meetings scheduled for the week of October 2, 2023. Week of October 9, 2023—Tentative There are no meetings scheduled for the week of October 9, 2023. CONTACT PERSON FOR MORE INFORMATION: For more information or to verify the status of meetings, contact Wesley Held at 301–287–3591 or via email at Wesley.Held@nrc.gov. The NRC is holding the meetings under the authority of the Government in the Sunshine Act, 5 U.S.C. 552b. BILLING CODE 7590–01–P ddrumheller on DSK120RN23PROD with NOTICES1 POSTAL SERVICE Sunshine Act Meetings September 8, 2023, at 10:00 a.m. PLACE: Washington, DC. STATUS: Closed. MATTERS TO BE CONSIDERED: TIME AND DATE: VerDate Sep<11>2014 18:02 Sep 01, 2023 Jkt 259001 CONTACT PERSON FOR MORE INFORMATION: Michael J. Elston, Secretary of the Board of Governors, U.S. Postal Service, 475 L’Enfant Plaza SW, Washington, DC 20260–1000. Telephone: (202) 268– 4800. Michael J. Elston, Secretary. [FR Doc. 2023–19128 Filed 8–31–23; 11:15 am] SECURITIES AND EXCHANGE COMMISSION Week of September 18, 2023—Tentative [FR Doc. 2023–19160 Filed 8–31–23; 11:15 am] The General Counsel of the United States Postal Service has certified that the meeting may be closed under the Government in the Sunshine Act. GENERAL COUNSEL CERTIFICATION: BILLING CODE 7710–12–P 10:00 a.m. Briefing on NRC International Activities (Closed— Ex. 1 & 9) Dated: August 31, 2023. For the Nuclear Regulatory Commission. Wesley W. Held, Policy Coordinator, Office of the Secretary. 1. Financial Matters. 2. Administrative Matters. [Investment Company Act Release No. 34994; File No. 812–15462] Onex Falcon Direct Lending BDC Fund, et al. August 30, 2023. 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: Onex Falcon Direct Lending BDC Fund, Onex Credit Lending Partners I LP, Onex Senior Credit Fund, L.P., Onex Senior Credit II, LP, Onex Capital Solutions (Luxembourg), SCSP, Onex Capital Solutions LP, Onex Credit High Yield Bond Fund, LP, Onex Credit HY LP, Onex Credit Proprietary Fund LP, Onex Senior Loan Opportunity Fund I, LP, Onex Structured Credit Opportunities Fund I, LP, P–O Senior Loan Opportunity Fund, LP., OCP CLO 2013–4, Ltd., OCP CLO 2014–5, Ltd., OCP CLO 2014–6, Ltd., OCP CLO 2014– 7, Ltd., OCP CLO 2015–9, Ltd., OCP PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 CLO 2015–10, Ltd., OCP CLO 2016–11, Ltd., OCP CLO 2016–12, Ltd., OCP CLO 2017–13, Ltd., OCP CLO 2017–14, Ltd., OCP CLO 2018–15, Ltd., OCP CLO 2019–16, Ltd., OCP CLO 2019–17, Ltd., OCP CLO 2020–8R, Ltd., OCP CLO 2020–18, Ltd., OCP CLO 2020–19, Ltd., OCP CLO 2020–20, Ltd., OCP CLO 2021–21, Ltd., OCP CLO 2021–22, Ltd., OSD CLO 2021–23, Ltd., OCP CLO 2022–24, Ltd., OCP CLO 2022–25, Ltd., OCP CLO 2023–26, Ltd., OSD CLO 2023–27, Ltd., OCP Euro CLO 2017–1 Designated Activity Company, OCP Euro CLO 2017–2 Designated Activity Company, OCP Euro CLO 2019–3 Designated Activity Company, OCP Euro CLO 2020–4 Designated Activity Company, OCP Euro CLO 2022–5 Designated Activity Company, OCP Euro CLO 2022–6 Designated Activity Company, Falcon Strategic Partners IV, LP, Falcon Strategic Partners V, LP, Falcon Structured Equity Partners, LP, Falcon Private Credit Opportunities VI, LP, Onex Falcon Private Credit Opportunities VII, LP, Onex Falcon Private Credit Opportunities VII (Luxembourg), SCSP, Onex Falcon Direct Lending (Luxembourg), SCSP, Onex Evergreen Credit Master Fund, L.P., Onex Passive Holdings LLC, OMI Interval Holdings LLC, Onex Credit Partners, LLC, Onex Falcon Investment Advisors, LLC, Onex Credit Management LLC, Onex Credit Partners Europe LLP, Onex Credit Finance Corporation and Onex Credit Finance II Corporation. FILING DATES: The application was filed on May 5, 2023, and amended on July 20, 2023. 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 25, 2023, 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 E:\FR\FM\05SEN1.SGM 05SEN1 Federal Register / Vol. 88, No. 170 / Tuesday, September 5, 2023 / Notices emailing the Commission’s Secretary at Secretarys-Office@sec.gov. ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: Rajib Chanda, Esq., Simpson Thacher & Bartlett LLP, at Rajib.Chanda@ stblaw.com; Steven Grigoriou, Esq., Simpson Thacher & Bartlett LLP, at Steven.Grigoriou@stblaw.com; and William J. Kennedy, Jr., Onex Falcon Investment Advisors, LLC, 21 Custom House Street, 10th Floor, Boston, MA 02110. FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, 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 July 20, 2023, 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. Sherry R. Haywood, Assistant Secretary. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold an Open Meeting on Wednesday, September 6, 2023 at 10:00 a.m. PLACE: The meeting will be webcast on the Commission’s website at www.sec.gov. STATUS: This meeting will begin at 10:00 a.m. (ET) and will be open to the public via webcast on the Commission’s website at www.sec.gov. MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to approve a proposed amendment to the National Market ddrumheller on DSK120RN23PROD with NOTICES1 VerDate Sep<11>2014 18:02 Sep 01, 2023 Jkt 259001 CONTACT PERSON FOR MORE INFORMATION: For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. Authority: 5 U.S.C. 552b. Dated: August 30, 2023. J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2023–19137 Filed 8–31–23; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–98237; File No. SR–ICEEU– 2023–021] Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, Relating to Amendments to Its Operational Risk and Resilience Policy August 29, 2023. [FR Doc. 2023–19088 Filed 9–1–23; 8:45 am] TIME AND DATE: System Plan Governing the Consolidated Audit Trail (‘‘CAT NMS Plan’’) to implement a revised funding model (‘‘Executed Share Model’’) for the consolidated audit trail (‘‘CAT’’) and to establish a fee schedule for CAT fees for the self-regulatory organizations that are participants to the CAT NMS Plan in accordance with the Executed Share Model. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on August 15, 2023, ICE Clear Europe Limited (‘‘ICE Clear Europe’’ or the ‘‘Clearing House’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule changes described in Items I, II and III below, which Items have been prepared primarily by ICE Clear Europe. On August 24, 2023, ICE Clear Europe filed Amendment No. 1 to the proposed rule change to make certain changes to the Exhibit 5.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1 (hereafter ‘‘the proposed rule change’’), from interested persons. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 corrects the presentation of changes in Exhibit 5 by reflecting the deletion of the prior ‘‘Oversight of the Policy’’ section as part of the updated governance and oversight provisions. 60727 I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change ICE Clear Europe Limited (‘‘ICE Clear Europe’’ or the ‘‘Clearing House’’) proposes to modify its Operational Risk and Resilience Policy (the ‘‘Operational Risk and Resilience Policy’’ or ‘‘Policy’’).4 The amendments would modify the Policy to enhance scenario analysis and testing relating to operational risk and resilience, introduce an element for emerging risks, and update the review process for the document, among other changes discussed herein. II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, ICE Clear Europe included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. ICE Clear Europe has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of such statements. (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change (a) Purpose ICE Clear Europe is proposing to amend its Operational Risk and Resilience Policy to incorporate enhanced procedures for analysis and testing of operational risk and resilience scenarios into the policy, among other amendments discussed herein. The description of the Clearing House’s overall operational risk and resilience framework would update a reference to the Outsourcing Policy to reflect its new name, the Outsourcing and Third Party Risk Management Policy (and reflect that the updated policy has been approved by the Board and is pending regulatory approval). With respect to scenario analysis and testing relating to operational risk and resilience, the amendments would add that the Clearing House must maintain an inventory of scenarios for the purposes of scenario analysis and testing. The amendments would clarify that testing must include scenarios that take into account both internal and external dependencies. The amendments would also state that a 2 17 PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 4 Capitalized terms used but not defined herein have the meanings specified in the ICE Clear Europe Clearing Rules and the Operational Risk and Resilience Policy. E:\FR\FM\05SEN1.SGM 05SEN1

Agencies

[Federal Register Volume 88, Number 170 (Tuesday, September 5, 2023)]
[Notices]
[Pages 60726-60727]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19088]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34994; File No. 812-15462]


Onex Falcon Direct Lending BDC Fund, et al.

August 30, 2023.
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: Onex Falcon Direct Lending BDC Fund, Onex Credit Lending 
Partners I LP, Onex Senior Credit Fund, L.P., Onex Senior Credit II, 
LP, Onex Capital Solutions (Luxembourg), SCSP, Onex Capital Solutions 
LP, Onex Credit High Yield Bond Fund, LP, Onex Credit HY LP, Onex 
Credit Proprietary Fund LP, Onex Senior Loan Opportunity Fund I, LP, 
Onex Structured Credit Opportunities Fund I, LP, P-O Senior Loan 
Opportunity Fund, LP., OCP CLO 2013-4, Ltd., OCP CLO 2014-5, Ltd., OCP 
CLO 2014-6, Ltd., OCP CLO 2014-7, Ltd., OCP CLO 2015-9, Ltd., OCP CLO 
2015-10, Ltd., OCP CLO 2016-11, Ltd., OCP CLO 2016-12, Ltd., OCP CLO 
2017-13, Ltd., OCP CLO 2017-14, Ltd., OCP CLO 2018-15, Ltd., OCP CLO 
2019-16, Ltd., OCP CLO 2019-17, Ltd., OCP CLO 2020-8R, Ltd., OCP CLO 
2020-18, Ltd., OCP CLO 2020-19, Ltd., OCP CLO 2020-20, Ltd., OCP CLO 
2021-21, Ltd., OCP CLO 2021-22, Ltd., OSD CLO 2021-23, Ltd., OCP CLO 
2022-24, Ltd., OCP CLO 2022-25, Ltd., OCP CLO 2023-26, Ltd., OSD CLO 
2023-27, Ltd., OCP Euro CLO 2017-1 Designated Activity Company, OCP 
Euro CLO 2017-2 Designated Activity Company, OCP Euro CLO 2019-3 
Designated Activity Company, OCP Euro CLO 2020-4 Designated Activity 
Company, OCP Euro CLO 2022-5 Designated Activity Company, OCP Euro CLO 
2022-6 Designated Activity Company, Falcon Strategic Partners IV, LP, 
Falcon Strategic Partners V, LP, Falcon Structured Equity Partners, LP, 
Falcon Private Credit Opportunities VI, LP, Onex Falcon Private Credit 
Opportunities VII, LP, Onex Falcon Private Credit Opportunities VII 
(Luxembourg), SCSP, Onex Falcon Direct Lending (Luxembourg), SCSP, Onex 
Evergreen Credit Master Fund, L.P., Onex Passive Holdings LLC, OMI 
Interval Holdings LLC, Onex Credit Partners, LLC, Onex Falcon 
Investment Advisors, LLC, Onex Credit Management LLC, Onex Credit 
Partners Europe LLP, Onex Credit Finance Corporation and Onex Credit 
Finance II Corporation.

Filing Dates: The application was filed on May 5, 2023, and amended on 
July 20, 2023.

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 25, 2023, 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

[[Page 60727]]

emailing the Commission's Secretary at [email protected].

ADDRESSES: The Commission: [email protected]. Applicants: Rajib 
Chanda, Esq., Simpson Thacher & Bartlett LLP, at 
[email protected]; Steven Grigoriou, Esq., Simpson Thacher & 
Bartlett LLP, at [email protected]; and William J. Kennedy, 
Jr., Onex Falcon Investment Advisors, LLC, 21 Custom House Street, 10th 
Floor, Boston, MA 02110.

FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, 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 July 20, 2023, 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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-19088 Filed 9-1-23; 8:45 am]
BILLING CODE 8011-01-P
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