MidCap Financial Investment Corporation, et al., 105167-105169 [2024-30655]
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Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices
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
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of NSCC and on DTCC’s website
(dtcc.com/legal/sec-rule-filings). Do not
include personal identifiable
information in submissions; you should
submit only information that you wish
to make available publicly. We may
redact in part or withhold entirely from
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to File Number SR–NSCC–2024–012
and should be submitted on or before
January 16, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–30679 Filed 12–23–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35423; File No. 812–15538]
MidCap Financial Investment
Corporation, et al.
December 18, 2024.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
Notice of application for an order
under sections 17(d) and 57(i) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
15 17
CFR 200.30–3(a)(12).
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19:37 Dec 23, 2024
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otherwise prohibited by sections 17(d)
and 57(a)(4) of the Act and rule 17d–1
under the Act.
Summary of Application: Applicants
request an order to permit certain
business development companies
(‘‘BDCs’’) and closed-end management
investment companies to co-invest in
portfolio companies with each other and
with certain affiliated investment
entities.
Applicants: MidCap Financial
Investment Corporation, Apollo Debt
Solutions BDC, Apollo Diversified
Credit Fund, Apollo S3 Private Markets
Fund, Middle Market Apollo
Institutional Private Lending, Apollo
Investment Management, L.P., Apollo
Credit Management, LLC, Apollo
Capital Credit Adviser, LLC, Apollo S3
RIC Management, L.P., AA Direct, L.P.,
AA Infrastructure Fund 1 Ltd., ACE
Credit Fund, L.P., AGRE Debt Fund I,
L.P., AGRE U.S. Real Estate Fund, L.P.,
Amissima Diversified Income ICAV,
AMN Loan Fund, L.P., AP Kent Credit
Master Fund, L.P., Apollo Accord
Master Fund II, L.P., Apollo Accord
Master Fund III, L.P., Apollo Accord
Fund III B, L.P., Apollo Accord Fund IV,
L.P., Apollo A–N Credit Fund, L.P.,
Apollo Asia Real Estate Fund II, L.P.,
Apollo Atlas Master Fund, LLC, Apollo
Chiron Credit Fund, L.P., Apollo
Commercial Real Estate Finance, Inc.,
Apollo Credit Master Fund Ltd., Apollo
Credit Opportunity Fund III LP, Apollo
Credit Strategies Master Fund Ltd.,
Apollo European Principal Finance
Fund III (Dollar A), L.P., Apollo Hybrid
Value Fund, L.P., Apollo Hybrid Value
Fund II, L.P., Apollo Impact Mission
Fund, L.P., Apollo Infrastructure
Opportunities Fund II, L.P., Apollo
Investment Fund IX, L.P., Apollo
Investment Fund VII, L.P., Apollo
Investment Fund VIII, L.P., Apollo
Lincoln Fixed Income Fund, L.P.,
Apollo Moultrie Credit Fund, L.P.,
Apollo Natural Resources Partners II,
L.P., Apollo Natural Resources Partners
III, L.P., Apollo Navigator Aviation
Fund I, L.P., Apollo Revolver Fund,
L.P., Apollo Strategic Origination
Partners, L.P., Apollo Tactical Value
SPN Investments, L.P., Apollo Total
Return Master Fund L.P., Apollo Tower
Credit Fund, L.P., Apollo U.S. Real
Estate Fund II L.P., Apollo U.S. Real
Estate Fund III, L.P., Apollo/Cavenham
European Managed Account II, L.P.,
Athene Holding Ltd., Athora Lux Invest
S.C.Sp, Financial Credit Investment II,
L.P., Financial Credit Investment III,
L.P., Financial Credit Investment IV,
L.P., MidCap FinCo Holdings Limited,
NNN Investor 1, L.P., Athora Lux Invest
NL S.C.Sp, ACE Credit Management,
LLC, ACF Europe Management, LLC,
PO 00000
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Fmt 4703
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105167
ACREFI Management, LLC, Aegon
Ireland plc, AGRE–CRE Debt Manager,
LLC, AGRE NA Management, LLC, AP
Kent Management, LLC, Apollo Accord
Management II, LLC, Apollo Accord
Management III, LLC, Apollo Accord
Management III B, L.P., Apollo Accord
Management IV, L.P., Apollo A–N
Credit Management, LLC, Apollo Asia
Management II, L.P., Apollo Asset
Management Europe LLP, Apollo Atlas
Management, LLC, Apollo Capital
Management, L.P., Apollo Centre Street
Management, LLC, Apollo Centre Street
Partnership, L.P., Apollo Chiron
Management, LLC, Apollo Credit
Management (CLO), LLC, Apollo Credit
Opportunity Management III, LLC,
Apollo EPF Management III, LLC,
Apollo Europe Management III, LLC,
Apollo European Senior Debt
Management, LLC, Apollo European
Strategic Management, L.P., Apollo
Global Real Estate Management, L.P.,
Apollo Hercules Management, LLC,
Apollo Hercules Partners, L.P., Apollo
Hybrid Value Management, L.P., Apollo
Hybrid Value Management II, L.P.,
Apollo Impact Mission Management,
L.P., Apollo India Credit Opportunity
Management, LLC, Apollo Infrastructure
Opportunities Management II, L.P.,
Apollo Investment Management Europe
LLP, Apollo Kings Alley Credit Fund
Management, LLC, Apollo Lincoln
Fixed Income Management, LLC, Apollo
Lincoln Private Credit Management,
LLC, Apollo Management International
LLP, Apollo Management IX, L.P.,
Apollo Management VII, L.P., Apollo
Management VIII, L.P., Apollo Moultrie
Credit Fund Management LLC, Apollo
NA Management II, LLC, Apollo NA
Management III, LLC, Apollo Navigator
Management I, LLC, Apollo Oasis
Management, LLC, Apollo Origination
Management, L.P., Apollo PPF Credit
Strategies Management, LLC, Apollo
Oasis Partners, L.P., Apollo Origination
Partnership, L.P., Apollo Palmetto
Strategic Partnership, L.P., Apollo
Revolver Capital Management, LLC,
Apollo ST Fund Management LLC,
Apollo Strategic Origination
Management, L.P., Apollo Tactical
Value SPN Management, LLC, Apollo
Tower Credit Management, LLC, Apollo
Union Street Management, LLC, Apollo
Union Street Partners, L.P., Apollo Zeus
Strategic Management, LLC, Apollo/
Cavenham EMA Management II, LLC,
Financial Credit Investment II Manager,
LLC, Financial Credit Investment III
Manager, LLC, Financial Credit
Investment IV Manager, LLC, Apollo
Investment Management Europe
(Luxembourg) S.a r.l., Apollo Total
Return Management LLC, Apollo
E:\FR\FM\26DEN1.SGM
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ddrumheller on DSK120RN23PROD with NOTICES1
105168
Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices
Commodities Management, L.P., Apollo
Insurance Solutions Group LP, Apollo
MidCap US Direct Lending 2019, L.P.,
NNN Investor 2 (Auto), L.P., NNN
Opportunities Fund, L.P., Apollo PPF
Opportunistic Credit Partners (Lux),
SCSp, Apollo PPF Credit Strategies,
LLC, Apollo PPF Credit Management,
LLC, Apollo Co-Investment Capital
Management, LLC, Alteri Investments II,
SCSp, Merx Aviation Finance, LLC,
Apollo Accord+ Fund (Lux), SCSp,
Apollo Accord+ Offshore Fund, L.P.,
Apollo Accord+ Fund, L.P., Apollo
Revolver Fund II (Offshore), L.P., Apollo
Revolver Fund II, L.P., Apollo Revolver
Fund II (ATH), L.P., Apollo Accord+
Management, L.P., Apollo Revolver
Management II (ATH), L.P., Apollo
Revolver Management II, L.P., Apollo
Accord Fund V, L.P., Apollo Investment
Fund X, L.P., Apollo Total Return
Fund—Investment Grade, L.P., Apollo
Accord Management V, L.P., Apollo
Management X, L.P., Apollo Total
Return Fund—Investment Grade
Management, L.P., ACMP Holdings,
LLC, Apollo Aligned Alternatives, L.P.,
Redding Ridge Asset Management, LLC,
Apollo Asset-Backed Finance Fund,
L.P., Apollo Origination Partnership II
(Levered), L.P., Apollo Origination
Partnership II (Unlevered), L.P., Apollo
Delphi Fund, L.P., Apollo Credit
Strategies Absolute Return Fund, L.P.,
Apollo European Principal Finance
Fund IV (Dollar A), L.P., Apollo
European Principal Finance Fund IV
(Dollar B), L.P., Apollo European
Principal Finance Fund IV (Euro B1),
L.P., Apollo European Principal Finance
Fund IV (Lux Euro B2), SCSp, Apollo
EPF Management IV, L.P., Apollo
Accord Offshore Fund V, L.P., Apollo
Accord Fund V (Lux), SCSp, Apollo
Clean Transition Capital Overseas II,
L.P., Apollo Clean Transition Capital
Fund, L.P., Apollo Calliope Fund, L.P.,
Apollo Digital Origin Partners, L.P.,
Apollo Starmoon CEPF Co-Invest
(Overseas), L.P., Apollo Infrastructure
Opportunities Fund II (Overseas), L.P.,
Apollo Infrastructure Opportunities
Fund II (TE 892), L.P., Apollo
Infrastructure Opportunities Fund II
(Lux), SCSp, Apollo Infrastructure
Opportunities Fund III (Overseas), L.P.,
Apollo Infrastructure Opportunities
Fund III (TE 892), L.P., Apollo
Infrastructure Opportunities Fund III
(Lux), SCSp, Apollo Infrastructure
Opportunities Fund III, L.P., RRE 17
Loan Management Designated Activity
Company, RRE 16 Loan Management
Designated Activity Company, RRE 9
Loan Management Designated Activity
Company, RRE 12 Loan Management
Designated Activity Company, RRE 8
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19:37 Dec 23, 2024
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Loan Management Designated Activity
Company, RRE 7 Loan Management
Designated Activity Company, RRE 10
Loan Management Designated Activity
Company, RRE 6 Loan Management
DAC, RRE 15 Loan Management
Designated Activity Company, RRE 2
Loan Management Designated Activity
Company, RRE 11 Loan Management
Designated Activity Company, RRE 3
Loan Management Designated Activity
Company, RRE 5 Loan Management
Designated Company, RRE 1 Loan
Management Designated Activity
Company, RR 1 Ltd., RR 14 Ltd., RR 15
Ltd., RR 16 Ltd., RR 17 Ltd., RR 18 Ltd.,
RR 19 Ltd., RR 2 Ltd., RR 20 Ltd., RR
21 Ltd., RR 22 Ltd., RR 23 Ltd., RR 24
Ltd., RR 25 Ltd., RR 26 Ltd., RR 27 Ltd.,
RR 4 Ltd., RR 5 Ltd., RR 6 Ltd., RR 7
Ltd., RR 8 Ltd., RR Berbere 2 Ltd., RR
Bhut Jolokia 3 Ltd., RR Cayenne 4 Ltd.,
RR Poblano 4 Ltd., RR Reaper Brown
Carolina 2 Ltd., RR Reaper Brown
Carolina 3 Ltd., RR Tabasco 1 Ltd., AP
Tundra Holdings LLC, ALM 2020, Ltd.,
AOP Finance Partners, L.P., Athora Lux
Invest SCSP Duration Fund, Mercer
Multi-Asset Credit Fund, Apollo Credit
Funds ICAV—Apollo Helius MultiCredit Fund I, AAA Aviation Holdings,
L.P., AA Pencil Holdings, L.P., AA
Tundra Investor, L.P., Aspen American
Insurance Company, Aspen Specialty
Insurance Company, Apollo Credit
Secondaries Fund I, L.P., Apollo US
Broadly Syndicated Loans Fund, Apollo
Opportunistic Credit Fund, MMJV LLC,
Apollo S3 Equity & Hybrid Solutions
Fund, L.P., Apollo S3 Equity & Hybrid
Solutions Offshore Fund, L.P., Apollo
S3 Equity & Hybrid Solutions Fund (TE
892), L.P., Apollo S3 Equity & Hybrid
Solutions Offshore Fund (Lux), SCSp,
AA MMF 1 HoldCo LP, ACE Credit
Allocation Fund I, AM–EDL (Lux)
SCSP, Apollo Accord Fund VI (Lux),
SCSp, Apollo Accord Fund VI, L.P.,
Apollo Accord+ II Fund, L.P., Apollo
Accord+ II Offshore Fund, L.P., Apollo
Alster Lending Fund (Lux) SCSP,
Apollo Broad Middle Markets Lending
Fund, L.P., Apollo Credit Strategies IDF,
LP, Apollo Debt Solutions IDF, LP,
Apollo European Direct Lending SCSP,
Apollo European Private Credit (Master)
SCSp, Apollo Excelsior Co-Invest, L.P.,
Apollo Excelsior, L.P., Apollo GLDC
Fund, L.P., Apollo Jade Partnership,
L.P., Cervus Loan Origination III,
MICAD Account (Cayman), LP, Apollo
Libra Credit Opportunities Fund, L.P.,
Apollo PPF Credit Strategies (Lux),
SCSP, Apollo S3 Private Markets
(Master) SCSP, Apollo S3 Credit
Solutions Fund II, L.P., RR 12 LTD, RR
3 LTD, RR 28 LTD, RR 29 LTD, RR 30
LTD, RR 31 LTD, RR 32 LTD, RR 33
PO 00000
Frm 00204
Fmt 4703
Sfmt 4703
LTD, RR Shishito 1 LTD, RRE 18 Loan
Management Designated Activity
Company, RRE 19 Loan Management
Designated Activity Company, RRE 20
Loan Management Designated Activity
Company, RRE 21 Loan Management
Designated Activity Company, RRE
Portrush 1 Designated Activity
Company, RRX 5 LTD, RRX 6 LTD, RRX
7 LTD, RRAM Beta 1, Ltd., RRAM Beta
1 Tax Subsidiary Inc., RRE 22 Loan
Management Designated Activity
Company, RRE Belfry 1 Designated
Activity Company, Apollo M–EDL
Management, L.P., Apollo Alster
Management, LLC, Apollo European
Direct Lending Management, L.P.,
Apollo Excelsior Management, L.P.,
Apollo Capital Markets Management,
L.P., Redding Ridge Asset Management
(UK) LLP, Apollo S3 Investment
Management, L.P, Lord Abbett Flexible
Income Fund and Lord Abbett FIF
Advisor LLC.
Filing Dates: The application was
filed on January 5, 2024, and amended
on June 26, 2024, October 11, 2024, and
December 9, 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 January 13, 2025 and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary at
Secretarys-Office@sec.gov.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov. Applicants:
David Blass at David.Blass@stblaw.com
and Steven Grigoriou at
Steven.Grigoriou@stblaw.com.
FOR FURTHER INFORMATION CONTACT:
Laura L. Solomon, 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
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Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices
analysis, and conditions, please refer to
Applicants’ third amended and restated
application, dated December 9, 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,
https://www.sec.gov/edgar/searchedgar/
legacy/companysearch.html. You may
also call the SEC’s Public Reference
Room at (202) 551–8090.
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
BILLING CODE 8011–01–P
In its filing with the Commission, the
clearing agency 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. The
clearing agency has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
SECURITIES AND EXCHANGE
COMMISSION
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–30655 Filed 12–23–24; 8:45 am]
[Release No. 34–101955; File No. SR–FICC–
2024–013]
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Modify the
Clearing Agency Operational Risk
Management Framework
December 18, 2024.
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 December
11, 2024, Fixed Income Clearing
Corporation (‘‘FICC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II and III
below, which Items have been prepared
by the clearing agency. FICC filed the
proposed rule change pursuant to
Section 19(b)(3)(A) of the Act 3 and Rule
19b–4(f)(4) thereunder.4 The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
ddrumheller on DSK120RN23PROD with NOTICES1
Company (‘‘DTC,’’ and together with
NSCC and FICC, the ‘‘Clearing
Agencies’’) in order to reflect recent
changes to group names and make other
nonmaterial clarifying edits.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
amendments to the Clearing Agency
Operational Risk Management
Framework (‘‘ORM Framework’’ or
‘‘Framework’’) of FICC and its affiliates
National Securities Clearing Corporation
(‘‘NSCC’’) and The Depository Trust
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(4).
2 17
19:37 Dec 23, 2024
The Clearing Agencies adopted the
ORM Framework 5 to provide an outline
for how each of the Clearing Agencies
manages its operational risks. In this
way, the Framework supports the
Clearing Agencies’ compliance with
Rule 17ad–22(e)(17) under the Act,6 as
described in the Initial Filing. In
addition to setting forth the way each of
the Clearing Agencies addresses these
requirements, the ORM Framework also
contains a section titled ‘‘Framework
Ownership and Change Management’’
that, among other matters, describes the
Framework ownership and the required
governance process for review and
approval of changes to the Framework.
In connection with the annual review
and approval of the Framework by the
Board of Directors of each of the
Clearing Agencies, the Clearing
Agencies are proposing to make certain
revisions to the Framework. Such
proposed changes would include
updating the ORM Framework to reflect
recent changes to group names and
making other nonmaterial clarifying
edits. The proposed changes are
described in greater detail below.
i. Proposed Amendments To Update
Organizational Name Changes
The Framework is owned and
managed by an officer within the
Operational Risk group within the
5 See Securities Exchange Act Release No. 81745
(Sept. 28, 2017), 82 FR 46332 (Oct. 4, 2017) (SR–
DTC–2017–014; SR–NSCC–2017–013; SR–FICC–
2017–017) (‘‘Initial Filing’’).
6 17 CFR 240.17ad–22(e)(17).
1 15
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1. Purpose
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105169
Group Chief Risk Office of DTCC,7 who
works with the Technology Risk
Management group within the Group
Chief Risk Office in administration of
the Framework. The Technology Risk
Management group’s name has changed
to the Cyber Security & Technology Risk
Management group. The proposed
changes to the Framework would reflect
the recent organizational name change.
ii. Proposed Changes To Make
Nonmaterial Clarifying Edits
The proposed rule change would
make additional immaterial edits to the
Framework that include (a) the removal
of a defined term not used in the
Framework and therefore unnecessary,
and (b) adding additional context in
Section 6 related to data centers. The
proposed changes to Section 6 add
context around data centers, specifically
the out-of-region centers, to allow for
greater understanding of configurations,
parameters, and limitations. This
proposed change also provides
consistency across the Clearing
Agencies disclosures. These immaterial
changes do not alter how the Clearing
Agencies comply with the applicable
requirements of Rule 17ad–22(e)(17)
under the Act.8
2. Statutory Basis
The Clearing Agencies believe that the
proposed changes are consistent with
Section 17A(b)(3)(F) of the Act 9 for the
reasons described below.
Section 17A(b)(3)(F) of the Act
requires, in part, that the rules of a
registered clearing agency be designed
to promote the prompt and accurate
clearance and settlement of securities
transactions, and to assure the
safeguarding of securities and funds
which are in the custody or control of
the clearing agency or for which it is
responsible.10 The proposed changes to
update the ORM Framework to reflect
recent changes to group names and
making other nonmaterial clarifying
edits would update and clarify the
Framework and would make it more
comprehensive in how it describes the
methods and tools currently used by the
Clearing Agencies to manage
operational risks and therefore comply
with Section 17A(b)(3)(F) of the Act.11
By creating clearer, updated and more
comprehensive descriptions, the
Clearing Agencies believe the proposed
changes would make the ORM
7 The Depository Trust & Clearing Corporation
(‘‘DTCC’’) is the parent company of the Clearing
Agencies.
8 17 CFR 240.17ad–22(e)(17).
9 15 U.S.C. 78q–1(b)(3)(F).
10 Id.
11 Id.
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Agencies
[Federal Register Volume 89, Number 247 (Thursday, December 26, 2024)]
[Notices]
[Pages 105167-105169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30655]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35423; File No. 812-15538]
MidCap Financial Investment Corporation, et al.
December 18, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of application for an order under sections 17(d) and 57(i)
of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1
under the Act to permit certain joint transactions otherwise prohibited
by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
Summary of Application: Applicants request an order to permit
certain business development companies (``BDCs'') and closed-end
management investment companies to co-invest in portfolio companies
with each other and with certain affiliated investment entities.
Applicants: MidCap Financial Investment Corporation, Apollo Debt
Solutions BDC, Apollo Diversified Credit Fund, Apollo S3 Private
Markets Fund, Middle Market Apollo Institutional Private Lending,
Apollo Investment Management, L.P., Apollo Credit Management, LLC,
Apollo Capital Credit Adviser, LLC, Apollo S3 RIC Management, L.P., AA
Direct, L.P., AA Infrastructure Fund 1 Ltd., ACE Credit Fund, L.P.,
AGRE Debt Fund I, L.P., AGRE U.S. Real Estate Fund, L.P., Amissima
Diversified Income ICAV, AMN Loan Fund, L.P., AP Kent Credit Master
Fund, L.P., Apollo Accord Master Fund II, L.P., Apollo Accord Master
Fund III, L.P., Apollo Accord Fund III B, L.P., Apollo Accord Fund IV,
L.P., Apollo A-N Credit Fund, L.P., Apollo Asia Real Estate Fund II,
L.P., Apollo Atlas Master Fund, LLC, Apollo Chiron Credit Fund, L.P.,
Apollo Commercial Real Estate Finance, Inc., Apollo Credit Master Fund
Ltd., Apollo Credit Opportunity Fund III LP, Apollo Credit Strategies
Master Fund Ltd., Apollo European Principal Finance Fund III (Dollar
A), L.P., Apollo Hybrid Value Fund, L.P., Apollo Hybrid Value Fund II,
L.P., Apollo Impact Mission Fund, L.P., Apollo Infrastructure
Opportunities Fund II, L.P., Apollo Investment Fund IX, L.P., Apollo
Investment Fund VII, L.P., Apollo Investment Fund VIII, L.P., Apollo
Lincoln Fixed Income Fund, L.P., Apollo Moultrie Credit Fund, L.P.,
Apollo Natural Resources Partners II, L.P., Apollo Natural Resources
Partners III, L.P., Apollo Navigator Aviation Fund I, L.P., Apollo
Revolver Fund, L.P., Apollo Strategic Origination Partners, L.P.,
Apollo Tactical Value SPN Investments, L.P., Apollo Total Return Master
Fund L.P., Apollo Tower Credit Fund, L.P., Apollo U.S. Real Estate Fund
II L.P., Apollo U.S. Real Estate Fund III, L.P., Apollo/Cavenham
European Managed Account II, L.P., Athene Holding Ltd., Athora Lux
Invest S.C.Sp, Financial Credit Investment II, L.P., Financial Credit
Investment III, L.P., Financial Credit Investment IV, L.P., MidCap
FinCo Holdings Limited, NNN Investor 1, L.P., Athora Lux Invest NL
S.C.Sp, ACE Credit Management, LLC, ACF Europe Management, LLC, ACREFI
Management, LLC, Aegon Ireland plc, AGRE-CRE Debt Manager, LLC, AGRE NA
Management, LLC, AP Kent Management, LLC, Apollo Accord Management II,
LLC, Apollo Accord Management III, LLC, Apollo Accord Management III B,
L.P., Apollo Accord Management IV, L.P., Apollo A-N Credit Management,
LLC, Apollo Asia Management II, L.P., Apollo Asset Management Europe
LLP, Apollo Atlas Management, LLC, Apollo Capital Management, L.P.,
Apollo Centre Street Management, LLC, Apollo Centre Street Partnership,
L.P., Apollo Chiron Management, LLC, Apollo Credit Management (CLO),
LLC, Apollo Credit Opportunity Management III, LLC, Apollo EPF
Management III, LLC, Apollo Europe Management III, LLC, Apollo European
Senior Debt Management, LLC, Apollo European Strategic Management,
L.P., Apollo Global Real Estate Management, L.P., Apollo Hercules
Management, LLC, Apollo Hercules Partners, L.P., Apollo Hybrid Value
Management, L.P., Apollo Hybrid Value Management II, L.P., Apollo
Impact Mission Management, L.P., Apollo India Credit Opportunity
Management, LLC, Apollo Infrastructure Opportunities Management II,
L.P., Apollo Investment Management Europe LLP, Apollo Kings Alley
Credit Fund Management, LLC, Apollo Lincoln Fixed Income Management,
LLC, Apollo Lincoln Private Credit Management, LLC, Apollo Management
International LLP, Apollo Management IX, L.P., Apollo Management VII,
L.P., Apollo Management VIII, L.P., Apollo Moultrie Credit Fund
Management LLC, Apollo NA Management II, LLC, Apollo NA Management III,
LLC, Apollo Navigator Management I, LLC, Apollo Oasis Management, LLC,
Apollo Origination Management, L.P., Apollo PPF Credit Strategies
Management, LLC, Apollo Oasis Partners, L.P., Apollo Origination
Partnership, L.P., Apollo Palmetto Strategic Partnership, L.P., Apollo
Revolver Capital Management, LLC, Apollo ST Fund Management LLC, Apollo
Strategic Origination Management, L.P., Apollo Tactical Value SPN
Management, LLC, Apollo Tower Credit Management, LLC, Apollo Union
Street Management, LLC, Apollo Union Street Partners, L.P., Apollo Zeus
Strategic Management, LLC, Apollo/Cavenham EMA Management II, LLC,
Financial Credit Investment II Manager, LLC, Financial Credit
Investment III Manager, LLC, Financial Credit Investment IV Manager,
LLC, Apollo Investment Management Europe (Luxembourg) S.a r.l., Apollo
Total Return Management LLC, Apollo
[[Page 105168]]
Commodities Management, L.P., Apollo Insurance Solutions Group LP,
Apollo MidCap US Direct Lending 2019, L.P., NNN Investor 2 (Auto),
L.P., NNN Opportunities Fund, L.P., Apollo PPF Opportunistic Credit
Partners (Lux), SCSp, Apollo PPF Credit Strategies, LLC, Apollo PPF
Credit Management, LLC, Apollo Co-Investment Capital Management, LLC,
Alteri Investments II, SCSp, Merx Aviation Finance, LLC, Apollo Accord+
Fund (Lux), SCSp, Apollo Accord+ Offshore Fund, L.P., Apollo Accord+
Fund, L.P., Apollo Revolver Fund II (Offshore), L.P., Apollo Revolver
Fund II, L.P., Apollo Revolver Fund II (ATH), L.P., Apollo Accord+
Management, L.P., Apollo Revolver Management II (ATH), L.P., Apollo
Revolver Management II, L.P., Apollo Accord Fund V, L.P., Apollo
Investment Fund X, L.P., Apollo Total Return Fund--Investment Grade,
L.P., Apollo Accord Management V, L.P., Apollo Management X, L.P.,
Apollo Total Return Fund--Investment Grade Management, L.P., ACMP
Holdings, LLC, Apollo Aligned Alternatives, L.P., Redding Ridge Asset
Management, LLC, Apollo Asset-Backed Finance Fund, L.P., Apollo
Origination Partnership II (Levered), L.P., Apollo Origination
Partnership II (Unlevered), L.P., Apollo Delphi Fund, L.P., Apollo
Credit Strategies Absolute Return Fund, L.P., Apollo European Principal
Finance Fund IV (Dollar A), L.P., Apollo European Principal Finance
Fund IV (Dollar B), L.P., Apollo European Principal Finance Fund IV
(Euro B1), L.P., Apollo European Principal Finance Fund IV (Lux Euro
B2), SCSp, Apollo EPF Management IV, L.P., Apollo Accord Offshore Fund
V, L.P., Apollo Accord Fund V (Lux), SCSp, Apollo Clean Transition
Capital Overseas II, L.P., Apollo Clean Transition Capital Fund, L.P.,
Apollo Calliope Fund, L.P., Apollo Digital Origin Partners, L.P.,
Apollo Starmoon CEPF Co-Invest (Overseas), L.P., Apollo Infrastructure
Opportunities Fund II (Overseas), L.P., Apollo Infrastructure
Opportunities Fund II (TE 892), L.P., Apollo Infrastructure
Opportunities Fund II (Lux), SCSp, Apollo Infrastructure Opportunities
Fund III (Overseas), L.P., Apollo Infrastructure Opportunities Fund III
(TE 892), L.P., Apollo Infrastructure Opportunities Fund III (Lux),
SCSp, Apollo Infrastructure Opportunities Fund III, L.P., RRE 17 Loan
Management Designated Activity Company, RRE 16 Loan Management
Designated Activity Company, RRE 9 Loan Management Designated Activity
Company, RRE 12 Loan Management Designated Activity Company, RRE 8 Loan
Management Designated Activity Company, RRE 7 Loan Management
Designated Activity Company, RRE 10 Loan Management Designated Activity
Company, RRE 6 Loan Management DAC, RRE 15 Loan Management Designated
Activity Company, RRE 2 Loan Management Designated Activity Company,
RRE 11 Loan Management Designated Activity Company, RRE 3 Loan
Management Designated Activity Company, RRE 5 Loan Management
Designated Company, RRE 1 Loan Management Designated Activity Company,
RR 1 Ltd., RR 14 Ltd., RR 15 Ltd., RR 16 Ltd., RR 17 Ltd., RR 18 Ltd.,
RR 19 Ltd., RR 2 Ltd., RR 20 Ltd., RR 21 Ltd., RR 22 Ltd., RR 23 Ltd.,
RR 24 Ltd., RR 25 Ltd., RR 26 Ltd., RR 27 Ltd., RR 4 Ltd., RR 5 Ltd.,
RR 6 Ltd., RR 7 Ltd., RR 8 Ltd., RR Berbere 2 Ltd., RR Bhut Jolokia 3
Ltd., RR Cayenne 4 Ltd., RR Poblano 4 Ltd., RR Reaper Brown Carolina 2
Ltd., RR Reaper Brown Carolina 3 Ltd., RR Tabasco 1 Ltd., AP Tundra
Holdings LLC, ALM 2020, Ltd., AOP Finance Partners, L.P., Athora Lux
Invest SCSP Duration Fund, Mercer Multi-Asset Credit Fund, Apollo
Credit Funds ICAV--Apollo Helius Multi-Credit Fund I, AAA Aviation
Holdings, L.P., AA Pencil Holdings, L.P., AA Tundra Investor, L.P.,
Aspen American Insurance Company, Aspen Specialty Insurance Company,
Apollo Credit Secondaries Fund I, L.P., Apollo US Broadly Syndicated
Loans Fund, Apollo Opportunistic Credit Fund, MMJV LLC, Apollo S3
Equity & Hybrid Solutions Fund, L.P., Apollo S3 Equity & Hybrid
Solutions Offshore Fund, L.P., Apollo S3 Equity & Hybrid Solutions Fund
(TE 892), L.P., Apollo S3 Equity & Hybrid Solutions Offshore Fund
(Lux), SCSp, AA MMF 1 HoldCo LP, ACE Credit Allocation Fund I, AM-EDL
(Lux) SCSP, Apollo Accord Fund VI (Lux), SCSp, Apollo Accord Fund VI,
L.P., Apollo Accord+ II Fund, L.P., Apollo Accord+ II Offshore Fund,
L.P., Apollo Alster Lending Fund (Lux) SCSP, Apollo Broad Middle
Markets Lending Fund, L.P., Apollo Credit Strategies IDF, LP, Apollo
Debt Solutions IDF, LP, Apollo European Direct Lending SCSP, Apollo
European Private Credit (Master) SCSp, Apollo Excelsior Co-Invest,
L.P., Apollo Excelsior, L.P., Apollo GLDC Fund, L.P., Apollo Jade
Partnership, L.P., Cervus Loan Origination III, MICAD Account (Cayman),
LP, Apollo Libra Credit Opportunities Fund, L.P., Apollo PPF Credit
Strategies (Lux), SCSP, Apollo S3 Private Markets (Master) SCSP, Apollo
S3 Credit Solutions Fund II, L.P., RR 12 LTD, RR 3 LTD, RR 28 LTD, RR
29 LTD, RR 30 LTD, RR 31 LTD, RR 32 LTD, RR 33 LTD, RR Shishito 1 LTD,
RRE 18 Loan Management Designated Activity Company, RRE 19 Loan
Management Designated Activity Company, RRE 20 Loan Management
Designated Activity Company, RRE 21 Loan Management Designated Activity
Company, RRE Portrush 1 Designated Activity Company, RRX 5 LTD, RRX 6
LTD, RRX 7 LTD, RRAM Beta 1, Ltd., RRAM Beta 1 Tax Subsidiary Inc., RRE
22 Loan Management Designated Activity Company, RRE Belfry 1 Designated
Activity Company, Apollo M-EDL Management, L.P., Apollo Alster
Management, LLC, Apollo European Direct Lending Management, L.P.,
Apollo Excelsior Management, L.P., Apollo Capital Markets Management,
L.P., Redding Ridge Asset Management (UK) LLP, Apollo S3 Investment
Management, L.P, Lord Abbett Flexible Income Fund and Lord Abbett FIF
Advisor LLC.
Filing Dates: The application was filed on January 5, 2024, and
amended on June 26, 2024, October 11, 2024, and December 9, 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 January
13, 2025 and should be accompanied by proof of service on the
Applicants, in the form of an affidavit or, for lawyers, a certificate
of service. Pursuant to rule 0-5 under the Act, hearing requests should
state the nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary at
[email protected].
ADDRESSES: The Commission: [email protected]. Applicants: David
Blass at [email protected] and Steven Grigoriou at
[email protected].
FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, 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
[[Page 105169]]
analysis, and conditions, please refer to Applicants' third amended and
restated application, dated December 9, 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,
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. 2024-30655 Filed 12-23-24; 8:45 am]
BILLING CODE 8011-01-P