[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.

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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 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 <a href="/cdn-cgi/l/email-protection#6f3c0a0c1d0a1b0e1d161c42200909060c0a2f1c0a0c41080019"><span class="__cf_email__" data-cfemail="80d3e5e3f2e5f4e1f2f9f3adcfe6e6e9e3e5c0f3e5e3aee7eff6">[email protected]</span></a> 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 <a href="/cdn-cgi/l/email-protection#3467515746514055464d47197b52525d5751744751571a535b42"><span class="__cf_email__" data-cfemail="f7a4929485928396858e84dab891919e9492b7849294d9909881">[email protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#3261575140574653404b411f7d54545b5157724157511c555d44"><span class="__cf_email__" data-cfemail="b8ebdddbcaddccd9cac1cb95f7deded1dbddf8cbdddb96dfd7ce">[email protected]</span></a>. Applicants: Rajib 
Chanda, Esq., Simpson Thacher & Bartlett LLP, at 
<a href="/cdn-cgi/l/email-protection#0557646f6c672b466d646b6164457671676964722b666a68"><span class="__cf_email__" data-cfemail="a3f1c2c9cac18de0cbc2cdc7c2e3d0d7c1cfc2d48dc0ccce">[email protected]</span></a>; Steven Grigoriou, Esq., Simpson Thacher & 
Bartlett LLP, at <a href="/cdn-cgi/l/email-protection#a4f7d0c1d2c1ca8ae3d6cdc3cbd6cdcbd1e4d7d0c6c8c5d38ac7cbc9"><span class="__cf_email__" data-cfemail="97c4e3f2e1f2f9b9d0e5fef0f8e5fef8e2d7e4e3f5fbf6e0b9f4f8fa">[email protected]</span></a>; 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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