Franklin BSP Capital Corporation, et al., 73134-73135 [2024-20241]

Download as PDF 73134 Federal Register / Vol. 89, No. 174 / Monday, September 9, 2024 / Notices time prices will be restored to the levels that were in effect prior to these increases. The changes are described generally below, with a detailed description of the changes in the attachment. The attachment includes the draft Mail Classification Schedule sections with the new prices that will take effect on October 6 displayed in the price charts, as well as the Mail Classification Schedule sections with the prices that will be restored on January 19. As shown in the nonpublic annex being filed under seal herewith, the changes we establish should enable each competitive product to cover its attributable costs (39 U.S.C. 3633(a)(2)) and should result in competitive products as a whole complying with 39 U.S.C. 3633(a)(3), which, as implemented by 39 CFR 3035.107(c), requires competitive products collectively to contribute a minimum of 9.6 percent to the Postal Service’s institutional costs. Accordingly, no issue of subsidization of competitive products by market dominant products should arise (39 U.S.C. 3633(a)(1)). We therefore find that the new prices are in accordance with 39 U.S.C. 3632–3633 and 39 CFR 3035.102. I. Domestic Products A. Priority Mail Express Overall, the Priority Mail Express price change represents a 4.9 percent increase. The existing structure of zoned Retail and Commercial price categories is maintained. Retail prices will increase 4.9 percent on average, while the Commercial price category will increase 4.9 percent on average. On average, the Priority Mail prices will be increased by 5.5 percent. The existing structure of zoned Retail and Commercial price categories is maintained. Retail prices will increase 5.3 percent on average, while the Commercial price category will increase 5.6 percent on average. ddrumheller on DSK120RN23PROD with NOTICES1 C. USPS Ground Advantage USPS Ground Advantage, introduced in July 2024, is the Postal Service’s flagship ground package product. USPS Ground Advantage prices will increase 6.4 percent on average. The existing structure of zoned Retail and Commercial price categories is maintained. Retail prices will increase 6.2 percent on average, while the Commercial price category will increase 6.5 percent on average. The Alaska Limited Overland Routes (LOR) price 17:19 Sep 06, 2024 Order The changes in prices set forth herein shall be effective at 12:00 a.m. on October 6, 2024, and will be rolled back to current levels at 12:00 a.m. on January 19, 2025. We direct the Secretary of the Board of Governors to have this decision published in the Federal Register in accordance with 39 U.S.C. 3632(b)(2), and direct management to file with the Postal Regulatory Commission appropriate notice of these changes. By The Governors: Roman Martinez IV, Chairman, Board of Governors. UNITED STATES POSTAL SERVICE OFFICE OF THE BOARD OF GOVERNORS Certification of Governors’ Vote on Governors’ Decision No. 24–4 Consistent with 39 U.S.C. 3632(a), I hereby certify that on August 8, 2024, the Governors voted on adopting Governors’ Decision No. 24–4, and that a majority of the Governors then holding office voted in favor of that Decision. Date: August 8, 2024. Michael J. Elston, Secretary of the Board of Governors. [FR Doc. 2024–20272 Filed 9–5–24; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 35313; File No. 812–15499] B. Priority Mail VerDate Sep<11>2014 category will see a 10.3 percent increase. No price changes are being made to Parcel Select, Special Services, or International competitive products. Jkt 262001 Franklin BSP Capital Corporation, et al. September 4, 2024. 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 permit certain business development companies and closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities. PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 Applicants: Franklin BSP Capital Corporation; Franklin BSP Private Credit Fund; 54th Street Equity Holdings, Inc.; FBLC Funding I, LLC; BDCA–CB Funding, LLC; FBLC 57th Street Funding LLC; BDCA SLF Funding, LLC; Benefit Street Partners Capital Opportunity Fund II L.P.; Benefit Street Partners Capital Opportunity Fund II SPV–1 LP; Benefit Street Partners Capital Opportunity Fund L.P.; Benefit Street Partners Capital Opportunity Fund SPV LLC; Benefit Street Partners Dislocation Fund (Cayman) L.P.; Benefit Street Partners Dislocation Fund (Cayman) Master L.P.; Benefit Street Partners Dislocation Fund L.P.; Benefit Street Partners Senior Secured Opportunities (U) Master Fund (Non-US) L.P.; Benefit Street Partners Senior Secured Opportunities Fund L.P.; Benefit Street Partners Senior Secured Opportunities Master Fund (Non-US) L.P.; Benefit Street Partners Debt Fund IV (Non-US) SPV L.P.; Benefit Street Partners Debt Fund IV 2019 Leverage (Non-US) SPV L.P.; Benefit Street Partners Debt Fund IV 2019 Leverage SPV L.P.; Benefit Street Partners Debt Fund IV L.P.; Benefit Street Partners Debt Fund IV Master (Non-US) L.P.; Benefit Street Partners Debt Fund IV SPV L.P.; Benefit Street Partners SMA LM LP; Benefit Street Partners SMA–C Co-Invest L.P.; Benefit Street Partners SMA–C Co-Invest L.P.— Series II; BSP Coinvest SMA–H LLC; BSP Debt Fund V LP; BSP Debt Fund V Master (Non-US) LP; BSP Debt Fund V Unlevered (Non-US) L.P.; BSP Debt Fund V Unlevered (Non-US) Master L.P.; BSP Debt Fund V–IA (Non-US) Master L.P.; BSP Debt Fund V–IA (NonUS) L.P.; Benefit Street Partners SMA– C II L.P.; Benefit Street Partners SMA– C II SPV L.P.; Benefit Street Partners SMA–C L.P.; Benefit Street Partners SMA–C SPV L.P.; Benefit Street Partners SMA–K L.P.; Benefit Street Partners SMA–K SPV LP; Benefit Street Partners SMA–L L.P.; Benefit Street Partners SMA–O L.P.; Benefit Street Partners SMA–OS L.P.; Benefit Street Partners SMA–T L.P.; Benefit Street Partners Special Situations Fund II (Cayman) L.P.; Benefit Street Partners Special Situations Fund II L.P.; BSP Coinvest SMA–N L.P.; BSP Coinvest Vehicle 1 LP; BSP Coinvest Vehicle 2 L.P.; BSP Coinvest Vehicle K LP; BSP Levered Non-US Master SOF II (Senior Secured Opportunities) Fund L.P.; BSP Levered US SOF II (Senior Secured Opportunities) Fund L.P.; BSP Senior Secured Debt Fund (Non-US) SPV–1 LP; BSP Senior Secured Debt Fund SPV–1 LP; BSP SMA–T 2020 SPV L.P.; BSP SOF II Cayman SPV–21 LP; BSP SOF II E:\FR\FM\09SEN1.SGM 09SEN1 ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 89, No. 174 / Monday, September 9, 2024 / Notices SPV Cayman LP; BSP SOF II SPV LP; BSP SOF II SPV–21 LP; BSP Special Situations Master A L.P.; BSP Special Situations Master B L.P.; BSP Unlevered Lux Flagship Evergreen SCSP; BSP Unlevered Lux SOF II (Senior Secured Opportunities) Fund ScSP; BSP Unlevered Non-US Master SOF II (Senior Secured Opportunities) Fund L.P.; FBCC Lending I, LLC; Landmark Wall SMA L.P. ; Landmark Wall SMA SPV L.P.; Providence Debt Fund III (Non-US) SPV L.P.; Providence Debt Fund III L.P.; Providence Debt Fund III Master (Non-US) L.P.; Providence Debt Fund III SPV L.P.; BSP Credit Solutions Master Fund, L.P.; Benefit Street Partners L.L.C.; Franklin BSP Capital Adviser L.L.C.; Franklin BSP Realty Trust, Inc.; BSP Michel Unlevered Direct Lending Fund SCSP; BSP JPY Unlevered Senior Debt Evergreen Fund, L.P.; Franklin BSP Real Estate Debt BDC; Benefit Street Partners Real Estate Opportunistic Debt Fund L.P.; Benefit Street Partners Real Estate Opportunistic Debt Fund II L.P.; Franklin Templeton Private Real Estate Fund IIB LP; and Franklin Templeton Private Real Estate Fund IIIA, L.P. Filing Dates: The application was filed on August 21, 2023, and amended on December 13, 2023, April 5, 2024, April 9, 2024, June 7, 2024, and August 6, 2024. 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 30, 2024, 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 SecretarysOffice@sec.gov. ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: Richard J. Byrne, Benefit Street Partners L.L.C., 9 West 57th Street, Suite 4920, New York, NY 10019; and Rajib Chanda, VerDate Sep<11>2014 17:19 Sep 06, 2024 Jkt 262001 Esq. and Steven Grigoriou, Esq., Simpson Thacher & Bartlett LLP, at Rajib.Chanda@stblaw.com and Steven.Grigoriou@stblaw.com, respectively. FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or Terri G. Jordan, Branch Chief, at (202) 551–6825 (Division of Investment Management, Chief Counsel’s Office). For Applicants’ representations, legal analysis, and conditions, please refer to Applicants’ fifth amended and restated application, dated August 5, 2024, 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, at https://www.sec.gov/edgar/searchedgar/ legacy/companysearch.html. You may also call the SEC’s Public Reference Room at (202) 551–8090. SUPPLEMENTARY INFORMATION: For the Commission, by the Division of Investment Management, under delegated authority. Vanessa A. Countryman, Secretary. [FR Doc. 2024–20241 Filed 9–6–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100896; File No. SR– NYSEARCA–2024–27] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF Under NYSE Arca Rule 8.500–E (Trust Units) 73135 published for comment in the Federal Register on March 26, 2024.3 On May 2, 2024, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On June 20, 2024, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 Section 19(b)(2) of the Act 8 provides that, after initiating disapproval proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for notice and comment in the Federal Register on March 26, 2024. September 22, 2024 is 180 days from that date, and November 21, 2024 is 240 days from that date. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the comment it has received in connection with the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,9 designates November 21, 2024 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR– NYSEARCA–2024–27). September 3, 2024. On March 13, 2024, NYSE Arca, Inc. (‘‘NYSE Arca’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to list and trade shares of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF under NYSE Arca Rule 8.500–E (Trust Units). The proposed rule change was 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00077 Fmt 4703 Sfmt 4703 3 See Securities Exchange Act Release No. 99801 (Mar. 20, 2024), 89 FR 21104. Comments on the proposed rule change are available at: https:// www.sec.gov/comments/sr-nysearca-2024-27/ srnysearca202427.htm. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 100050, 89 FR 38932 (May 8, 2024). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100390, 89 FR 53466 (June 26, 2024). 8 15 U.S.C. 78s(b)(2). 9 Id. E:\FR\FM\09SEN1.SGM 09SEN1

Agencies

[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Pages 73134-73135]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20241]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35313; File No. 812-15499]


Franklin BSP Capital Corporation, et al.

September 4, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    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 permit 
certain business development companies and closed-end management 
investment companies to co-invest in portfolio companies with each 
other and with certain affiliated investment entities.
    Applicants: Franklin BSP Capital Corporation; Franklin BSP Private 
Credit Fund; 54th Street Equity Holdings, Inc.; FBLC Funding I, LLC; 
BDCA-CB Funding, LLC; FBLC 57th Street Funding LLC; BDCA SLF Funding, 
LLC; Benefit Street Partners Capital Opportunity Fund II L.P.; Benefit 
Street Partners Capital Opportunity Fund II SPV-1 LP; Benefit Street 
Partners Capital Opportunity Fund L.P.; Benefit Street Partners Capital 
Opportunity Fund SPV LLC; Benefit Street Partners Dislocation Fund 
(Cayman) L.P.; Benefit Street Partners Dislocation Fund (Cayman) Master 
L.P.; Benefit Street Partners Dislocation Fund L.P.; Benefit Street 
Partners Senior Secured Opportunities (U) Master Fund (Non-US) L.P.; 
Benefit Street Partners Senior Secured Opportunities Fund L.P.; Benefit 
Street Partners Senior Secured Opportunities Master Fund (Non-US) L.P.; 
Benefit Street Partners Debt Fund IV (Non-US) SPV L.P.; Benefit Street 
Partners Debt Fund IV 2019 Leverage (Non-US) SPV L.P.; Benefit Street 
Partners Debt Fund IV 2019 Leverage SPV L.P.; Benefit Street Partners 
Debt Fund IV L.P.; Benefit Street Partners Debt Fund IV Master (Non-US) 
L.P.; Benefit Street Partners Debt Fund IV SPV L.P.; Benefit Street 
Partners SMA LM LP; Benefit Street Partners SMA-C Co-Invest L.P.; 
Benefit Street Partners SMA-C Co-Invest L.P.--Series II; BSP Coinvest 
SMA-H LLC; BSP Debt Fund V LP; BSP Debt Fund V Master (Non-US) LP; BSP 
Debt Fund V Unlevered (Non-US) L.P.; BSP Debt Fund V Unlevered (Non-US) 
Master L.P.; BSP Debt Fund V-IA (Non-US) Master L.P.; BSP Debt Fund V-
IA (Non-US) L.P.; Benefit Street Partners SMA-C II L.P.; Benefit Street 
Partners SMA-C II SPV L.P.; Benefit Street Partners SMA-C L.P.; Benefit 
Street Partners SMA-C SPV L.P.; Benefit Street Partners SMA-K L.P.; 
Benefit Street Partners SMA-K SPV LP; Benefit Street Partners SMA-L 
L.P.; Benefit Street Partners SMA-O L.P.; Benefit Street Partners SMA-
OS L.P.; Benefit Street Partners SMA-T L.P.; Benefit Street Partners 
Special Situations Fund II (Cayman) L.P.; Benefit Street Partners 
Special Situations Fund II L.P.; BSP Coinvest SMA-N L.P.; BSP Coinvest 
Vehicle 1 LP; BSP Coinvest Vehicle 2 L.P.; BSP Coinvest Vehicle K LP; 
BSP Levered Non-US Master SOF II (Senior Secured Opportunities) Fund 
L.P.; BSP Levered US SOF II (Senior Secured Opportunities) Fund L.P.; 
BSP Senior Secured Debt Fund (Non-US) SPV-1 LP; BSP Senior Secured Debt 
Fund SPV-1 LP; BSP SMA-T 2020 SPV L.P.; BSP SOF II Cayman SPV-21 LP; 
BSP SOF II

[[Page 73135]]

SPV Cayman LP; BSP SOF II SPV LP; BSP SOF II SPV-21 LP; BSP Special 
Situations Master A L.P.; BSP Special Situations Master B L.P.; BSP 
Unlevered Lux Flagship Evergreen SCSP; BSP Unlevered Lux SOF II (Senior 
Secured Opportunities) Fund ScSP; BSP Unlevered Non-US Master SOF II 
(Senior Secured Opportunities) Fund L.P.; FBCC Lending I, LLC; Landmark 
Wall SMA L.P. ; Landmark Wall SMA SPV L.P.; Providence Debt Fund III 
(Non-US) SPV L.P.; Providence Debt Fund III L.P.; Providence Debt Fund 
III Master (Non-US) L.P.; Providence Debt Fund III SPV L.P.; BSP Credit 
Solutions Master Fund, L.P.; Benefit Street Partners L.L.C.; Franklin 
BSP Capital Adviser L.L.C.; Franklin BSP Realty Trust, Inc.; BSP Michel 
Unlevered Direct Lending Fund SCSP; BSP JPY Unlevered Senior Debt 
Evergreen Fund, L.P.; Franklin BSP Real Estate Debt BDC; Benefit Street 
Partners Real Estate Opportunistic Debt Fund L.P.; Benefit Street 
Partners Real Estate Opportunistic Debt Fund II L.P.; Franklin 
Templeton Private Real Estate Fund IIB LP; and Franklin Templeton 
Private Real Estate Fund IIIA, L.P.
    Filing Dates: The application was filed on August 21, 2023, and 
amended on December 13, 2023, April 5, 2024, April 9, 2024, June 7, 
2024, and August 6, 2024.
    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 
30, 2024, 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: 
Richard J. Byrne, Benefit Street Partners L.L.C., 9 West 57th Street, 
Suite 4920, New York, NY 10019; and Rajib Chanda, Esq. and Steven 
Grigoriou, Esq., Simpson Thacher & Bartlett LLP, at 
[email protected] and [email protected], respectively.

FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or 
Terri G. 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' fifth amended and 
restated application, dated August 5, 2024, 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, 
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.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-20241 Filed 9-6-24; 8:45 am]
BILLING CODE 8011-01-P
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