Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 35

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 35
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 Felicitas Private Markets Fund, et al. (File No. 812-15451) Investment Company Act Rel.       
 Nos. 35292 (August 8, 2024) and 35314 (September 5, 2024); Fidus Investment Corporation, et al. (File No. 812-15496) Investment Company 
 Act Rel. Nos. 35289 (August 2, 2024) and 35309 (August 29, 2024).                                                                       |

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IV. STATEMENT IN SUPPORT OF RELIEF REQUESTED

In accordance with Rule 17d-1
(made applicable to transactions subject to Section 57(a) by Section 57(i)), the Commission may grant the requested relief
as to any particular joint transaction if it finds that the participation of the Regulated Funds in the joint transaction is consistent
with the provisions, policies and purposes of the Act and is not on a basis different from or less advantageous than that of other participants.
The Applicants submit that allowing the Co-Investment Transactions described in this Application is justified on the basis of (i) the
potential benefits to the Regulated Funds and the shareholders thereof and (ii) the protections found in the Conditions.

As required by Rule 17d-1(b),
the Conditions ensure that the terms on which Co-Investment Transactions may be made will be consistent with the participation of the
Regulated Funds being on a basis that it is neither different from nor less advantageous than other participants, thus protecting the
equity holders of any participant from being disadvantaged. The Conditions ensure that all Co-Investment Transactions are reasonable
and fair to the Regulated Funds and their shareholders and do not involve overreaching by any person concerned, including the Advisers.

A. Potential Benefits

In the absence of the relief
sought hereby, in many circumstances the Regulated Funds would be limited in their ability to participate in attractive and appropriate
investment opportunities. Section 17(d), Section 57(a)(4) and Rule 17d-1 should not prevent BDCs and registered closed-end
investment companies from making investments that are in the best interests of their shareholders.

Each Regulated Fund and its
shareholders will benefit from the ability to participate in Co-Investment Transactions. The Board, including the Required Majority,
of each Regulated Fund has determined that it is in the best interests of the Regulated Fund to participate in Co-Investment Transactions