Federal Register / Vol. 89, No. 199 / Tuesday, October 15, 2024 / Notices 83061 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

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 November 1, 2024 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: 

ahakkak@whiteoaksf.com, 

Vadim.avdeychik@cliffordchance.com 

and Clifford.cone@cliffordchance.com. 

FOR FURTHER INFORMATION CONTACT: 

Barbara T. Heussler, Senior Counsel, or 

Thomas Ahmadifar, 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’ fourth amended and 

restated application, dated October 7, 

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, 

http://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. 2024–23679 Filed 10–11–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 2:00 p.m. on Thursday, 

October 17, 2024. 

PLACE: The meeting will be held via 

remote means and/or at the 

Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549. 

STATUS: This meeting will be closed to 

the public. 

MATTERS TO BE CONSIDERED: 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the closed meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

In the event that the time, date, or 

location of this meeting changes, an 

announcement of the change, along with 

the new time, date, and/or place of the 

meeting will be posted on the 

Commission’s website at https://

www.sec.gov. 

The General Counsel of the 

Commission, or her designee, has 

certified that, in her opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) 

and (10) and 17 CFR 200.402(a)(3), 

(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and 

(a)(10), permit consideration of the 

scheduled matters at the closed meeting. 

The subject matter of the closed 

meeting will consist of the following 

topics: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

Resolution of litigation claims; and 

Other matters relating to examinations 

and enforcement proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting agenda items that 

may consist of adjudicatory, 

examination, litigation, or regulatory 

matters. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Authority: 5 U.S.C. 552b. 

Dated: October 10, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–23833 Filed 10–10–24; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101282; File No. SR– 

PEARL–2024–46] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the MIAX Pearl 

Equities Fee Schedule 

October 8, 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 

September 30, 2024, MIAX PEARL, LLC 

(‘‘MIAX Pearl’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) a 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by the Exchange. 

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange is filing a proposal to 

amend the fee schedule (the ‘‘Fee 

Schedule’’) applicable to MIAX Pearl 

Equities, an equities trading facility of 

the Exchange. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://www.miaxglobal.com/markets/ 

us-equities/pearl-equities/rule-filings, at 

MIAX Pearl’s principal office, and at the 

Commission’s Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange 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 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 


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83062 Federal Register / Vol. 89, No. 199 / Tuesday, October 15, 2024 / Notices 

3The Exchange notes that it recently reduced the 

fee for removing liquidity in securities priced at or 

above $1.00. See Securities Exchange Act Release 

No. 101100 (September 19, 2024), 89 FR 78359 

(September 25, 2024) (SR–PEARL–2024–41). 

4See Fee Schedule, Section (1)(a). See also Fee 

Schedule, Section (1)(b), Liquidity Indicator Codes 

RA, RB, RC, RR, RT, Ra, Rb, Rc, Rp, Rr and Rt. 

5The term ‘‘Equity Member’’ is a Member 

authorized by the Exchange to transact business on 

MIAX Pearl Equities. See Exchange Rule 1901. 

6The term ‘‘MIAX Pearl Equities Book’’ shall 

mean the electronic book of orders in equity 

securities maintained by the System. See Exchange 

Rule 1901. 

7 15 U.S.C. 78f(b). 

8 15 U.S.C. 78f(b)(4). 

9 15 U.S.C. 78f(b)(5). 

10Market share percentage calculated as of 

August 25, 2024. The Exchange receives and 

processes data made available through consolidated 

data feeds. 

11 Id. 

12Securities Exchange Act Release No. 51808 

(June 9, 2005), 70 FR 37499 (June 29, 2005). 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

Fee Schedule to decrease the fee for 

executions of orders that remove 

liquidity from the Exchange in 

securities priced below $1.00 per share 

from 0.25% to 0.20% of the total dollar 

value of the transaction.3

Proposal To Decrease the Fee for 

Removing Liquidity in Securities Priced 

Below $1.00 per Share 

Currently, the Exchange assesses a fee 

of 0.25% of the total dollar value of any 

transaction in securities priced below 

$1.00 per share that removes liquidity 

from the Exchange across all Tapes.4

The Exchange now proposes to decrease 

the fee from 0.25% to 0.20% of the total 

dollar value of any transaction in 

securities priced below $1.00 per share 

that removes liquidity from the 

Exchange across all Tapes. The purpose 

of the proposed change is for business 

and competitive reasons. 

Specifically, the Exchange proposes to 

amend Section (1)(a) Standard Rates 

Table of the Fee Schedule to change the 

value in the table for Removing 

Liquidity in Securities below $1.00 from 

0.25% to 0.20%. Additionally, the 

Exchange proposes to amend the 

Section (1)(b) Liquidity Indicator Codes 

and Associated Fees, to reflect the 

proposed change to the Standard Rates 

Table. 

The Exchange provides a table in 

section (1)(b), Liquidity Indicator Codes 

and Associated Fees, that provides a list 

of fees and rebates so that Equity 

Members 5 may better understand the 

fee or rebate that is applied to each 

execution. The liquidity indicator code 

for each execution is returned on the 

real-time trade report sent to the Equity 

Member that submitted the order. 

The Exchange now proposes to amend 

the column titled ‘‘Fee/(Rebate) 

Securities Priced Below $1.00’’ in 

Section (1)(b) of the Fee Schedule to 

reflect the proposed decrease to the 

standard fee assessed for Removing 

Liquidity (Displayed Orders and NonDisplayed Orders) in securities priced 

below $1.00 per share from 0.25% to 

0.20% for the following liquidity 

indicator codes: ‘‘RA,’’ ‘‘RB,’’ ‘‘RC,’’ 

‘‘RR,’’ ‘‘RT,’’ ‘‘Ra,’’ ‘‘Rb,’’ ‘‘Rc,’’ ‘‘Rp,’’ 

‘‘Rr,’’ and ‘‘Rt.’’ 

The Exchange believes it is 

appropriate to decrease the fee from 

0.25% to 0.20% of the total dollar value 

of any transaction in securities priced 

below $1.00 per share that removes 

liquidity from the Exchange across all 

Tapes to further encourage market 

participants to enter liquidity removing 

orders on the Exchange, thereby 

increasing the execution opportunities 

for the liquidity adding orders resting 

on the MIAX Pearl Equities Book.6

Implementation 

The Exchange proposes to implement 

the changes to the Fee Schedule 

pursuant to this proposal on October 1, 

2024. 

2. Statutory Basis 

The Exchange believes that its 

proposal to amend its Fee Schedule is 

consistent with Section 6(b) of the Act 7

in general, and furthers the objectives of 

Section 6(b)(4) of the Act 8 in particular, 

in that it is an equitable allocation of 

reasonable fees and other charges among 

its Equity Members and issuers and 

other persons using its facilities. The 

Exchange also believes that the 

proposed rule change is consistent with 

the objectives of Section 6(b)(5) 9

requirements that the rules of an 

exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, and to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in regulating, clearing, 

settling, processing information with 

respect to, and facilitating transactions 

in securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest, and, 

particularly, is not designed to permit 

unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange operates in a highly 

fragmented and competitive market in 

which market participants can readily 

direct their order flow to competing 

venues if they deem fee levels at a 

particular venue to be excessive or 

incentives to be insufficient. More 

specifically, the Exchange is only one of 

many venues, including 16 registered 

equities exchanges as well as a number 

of alternative trading systems and other 

off-exchange venues, to which market 

participants may direct their order flow. 

Based on publicly available information, 

no single registered equities exchange 

currently has more than approximately 

15–16% of the total market share of 

executed volume of equities trading.10

Thus, in such a low-concentrated and 

highly competitive market, no single 

equities exchange possesses significant 

pricing power in the execution of order 

flow, and the Exchange currently 

represents less than 2% of the overall 

market share.11 The Commission and 

the courts have repeatedly expressed 

their preference for competition over 

regulatory intervention in determining 

prices, products, and services in the 

securities markets. In Regulation NMS, 

the Commission highlighted the 

importance of market forces in 

determining prices and SRO revenues 

and also recognized that current 

regulation of the market system ‘‘has 

been remarkably successful in 

promoting market competition in its 

broader forms that are most important to 

investors and listed companies.’’ 12

The Exchange believes that the evershifting market share among the 

exchanges from month to month 

demonstrates that market participants 

can shift order flow or discontinue to 

reduce use of certain categories of 

products, in response to new or 

different pricing structures being 

introduced into the market. 

Accordingly, competitive forces 

constrain the Exchange’s transaction 

fees and rebates, and market 

participants can readily trade on 

competing venues if they deem pricing 

levels at those other venues to be more 

favorable. The Exchange believes the 

proposal reflects a reasonable and 

competitive pricing structure designed 

to incentivize market participants to 

direct their order flow to the Exchange, 

which the Exchange believes would 

enhance liquidity and market quality to 

the benefit of all Equity Members and 

market participants. 

Proposal To Decrease the Fee for 

Removing Liquidity in Securities Priced 

Below $1.00 per Share 

The Exchange believes that the 

proposed change to decrease the 

standard fee for executions of all orders 


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Federal Register / Vol. 89, No. 199 / Tuesday, October 15, 2024 / Notices 83063 

13See Cboe EDGX Equities Fee Schedule, 

Standard Rates, available at https://www.cboe.com/ 

us/equities/membership/fee_schedule/edgx/ 

(charging a standard fee of 0.30% of the dollar value 

to remove liquidity in securities priced below $1.00 

per share); see also MEMX Fee Schedule, 

Transaction Fees (charging a standard fee of 0.28% 

of the total dollar value to remove liquidity in 

securities priced below $1.00 per share); and NYSE 

American Equities Price List, Section I.A.2., 

available at https://www.nyse.com/publicdocs/ 

nyse/markets/nyse-american/NYSE_America_

Equities_Price_List.pdf (charging a standard fee of 

0.25% of the total dollar value of the transaction to 

remove liquidity in securities priced below $1.00 

per share). 

14See Securities Exchange Act Release No. 51808 

(June 9, 2005), 70 FR 47396 (June 29, 2005). 

15See supra note 10. 

16See supra note 13. 

17See Securities Exchange Act Release No. 51808 

(June 9, 2005), 70 FR 37496, 37499 (June 29, 2005). 

18NetCoalition v. SEC, 615 F.3d 525, 539 (D.C. 

Cir. 2010) (quoting Securities Exchange Act Release 

Continued 

in securities priced below $1.00 per 

share that remove liquidity from the 

Exchange is reasonable, equitable, and 

consistent with the Act as the proposed 

fee remains lower than, or similar to, the 

standard fee to remove liquidity in 

securities priced below $1.00 per share 

charged by competing equities 

exchanges.13 The Exchange further 

believes that the proposal to decrease 

the standard fee for executions of all 

orders in securities priced below $1.00 

per share that remove liquidity from the 

Exchange is equitably allocated and not 

unfairly discriminatory because it will 

apply equally to all Equity Members 

that remove liquidity from the 

Exchange. 

For the reasons discussed above, the 

Exchange submits that the proposal 

satisfies the requirements of Sections 

6(b)(4) and 6(b)(5) of the Act in that it 

provides for the equitable allocation of 

reasonable dues, fees and other charges 

among its Equity Members and other 

persons using its facilities and is not 

designed to unfairly discriminate 

between customers, issuers, brokers, or 

dealers. As described more fully below 

in the Exchange’s statement regarding 

the burden on competition, the 

Exchange believes that its transaction 

pricing is subject to significant 

competitive forces, and that the 

proposed fees and rebates described 

herein are appropriate to address such 

forces. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed changes will impose any 

burden on competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The Exchange 

believes the proposed changes will 

continue to encourage Equity Members 

to maintain or increase their order flow 

to the Exchange, thereby contributing to 

a deeper and more liquid market to the 

benefit of all market participants and 

enhancing the attractiveness of the 

Exchange as a trading venue. As a 

result, the Exchange believes the 

proposal will enhance its 

competitiveness as a market that attracts 

actionable orders, thereby making it a 

more desirable destination venue for its 

customers. For these reasons, the 

Exchange believes that the proposal 

furthers the Commission’s goal in 

adopting Regulation NMS of fostering 

competition among orders, which 

promotes ‘‘more efficient pricing of 

individual stocks for all types of orders, 

large and small.’’ 14

Intra-Market Competition 

The Exchange believes that the 

proposed changes will continue to 

incentivize market participants to direct 

order flow to the Exchange, thereby 

contributing to a deeper and more liquid 

market to the benefit of all market 

participants and enhancing the 

attractiveness of the Exchange as a 

trading venue, which the Exchange 

believes, in turn, will continue to 

encourage market participants to direct 

additional order flow to the Exchange. 

Greater liquidity benefits all Equity 

Members by providing more trading 

opportunities and encourages Equity 

Members to send orders to the 

Exchange, thereby contributing to robust 

levels of liquidity, which benefits all 

Equity Members. 

Similarly, the proposed decrease to 

the standard fee for executions of orders 

that remove volume from the Exchange 

will continue to apply equally to all 

Equity Members. As such, the Exchange 

believes the proposed changes would 

not impose any burden on intra-market 

competition that is not necessary or 

appropriate in furtherance of the 

purposes of the Act. 

Intermarket Competition 

The Exchange believes its proposal 

will benefit competition as the 

Exchange operates in a highly 

competitive market. Equity Members 

have numerous alternative venues they 

may participate on and direct their 

order flow to, including fifteen other 

equities exchanges and numerous 

alternative trading systems and other 

off-exchange venues. As noted above, no 

single registered equities exchange 

currently has more than 15–16% of the 

total market share of executed volume of 

equities trading.15 Thus, in such a lowconcentrated and highly competitive 

market, no single equities exchange 

possesses significant pricing power in 

the execution of order flow. Moreover, 

the Exchange believes that the evershifting market share among the 

exchanges from month to month 

demonstrates that market participants 

can shift order flow in response to new 

or different pricing structures being 

introduced to the market. Accordingly, 

competitive forces constrain the 

Exchange’s transaction fees and rebates 

generally, including with respect to 

executions of orders that remove 

volume from the Exchange, and market 

participants can readily choose to send 

their orders to other exchanges and offexchange venues if they deem fee levels 

at those other venues to be more 

favorable. 

As described above, the proposed 

changes are competitive proposals 

through which the Exchange is seeking 

to encourage additional order flow to 

the Exchange. Such proposed changes to 

(i) [sic] decrease the Removing Liquidity 

fee is comparable to, and competitive 

with, rates charged by other 

exchanges.16 The proposed change to 

update the Liquidity Indicator Codes 

and Associated Fees table is in 

conjunction with the Exchange’s above 

mentioned proposed change to the 

standard fee for Removing Liquidity 

from the Exchange. 

Additionally, the Commission has 

repeatedly expressed its preference for 

competition over regulatory 

intervention in determining prices, 

products, and services in the securities 

markets. Specifically, in Regulation 

NMS, the Commission highlighted the 

importance of market forces in 

determining prices and SRO revenues 

and, also, recognized that current 

regulation of the market system ‘‘has 

been remarkably successful in 

promoting market competition in its 

broader forms that are most important to 

investors and listed companies.’’ 17 The 

fact that this market is competitive has 

also long been recognized by the courts. 

In NetCoalition v. Securities and 

Exchange Commission, the D.C. circuit 

stated: ‘‘[n]o one disputes that 

competition for order flow is ‘fierce.’ 

. . . As the SEC explained, ‘[i]n the U.S. 

national market system, buyers and 

sellers of securities, and the brokerdealers that act as their routing agents, 

have a wide range of choices of where 

to route orders for execution’; [and] ‘no 

exchange can afford to take its market 

share percentages for granted’ because 

‘no exchange possesses a monopoly, 

regulatory or otherwise, in the execution 

of order flow from broker dealers’ 

. . . .’’ 18 Accordingly, the Exchange 


khammond on DSKJM1Z7X2PROD with NOTICES
83064 Federal Register / Vol. 89, No. 199 / Tuesday, October 15, 2024 / Notices 

No. 59039 (December 2, 2008), 73 FR 74770, 74782– 

83 (December 9, 2008) (SR–NYSE–2006–21)). 

19 15 U.S.C. 78s(b)(3)(A)(ii). 

20 17 CFR 240.19b–4. 21 17 CFR 200.30–3(a)(12). 

does not believe its proposed pricing 

changes impose any burden on 

competition that is not necessary or 

appropriate in furtherance of the 

purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Pursuant to Section 19(b)(3)(A)(ii) of 

the Act,19 and Rule 19b–4(f)(2) 

thereunder 20 the Exchange has 

designated this proposal as establishing 

or changing a due, fee, or other charge 

imposed on any person, whether or not 

the person is a member of the selfregulatory organization, which renders 

the proposed rule change effective upon 

filing. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

PEARL–2024–46 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–PEARL–2024–46. This file 

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 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. 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–PEARL–2024–46 and should be 

submitted on or before November 5, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.21

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–23659 Filed 10–11–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

35355; File No. 812–15500] 

TriplePoint Venture Growth BDC Corp., 

et al. 

October 9, 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 amend a previous 

order granted by the Commission that 

permits 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: TriplePoint Venture Growth 

BDC Corp.; TriplePoint Private Venture 

Credit Inc.; TPVG Variable Funding 

Company LLC; TPVG Investment LLC; 

TPVC Funding Company LLC; TPVC 

Investment LLC; TriplePoint Advisers 

LLC; TriplePoint Capital LLC; 

TriplePoint Financial LLC; TPF Funding 

1 LLC; TPF Funding 2 LLC; TriplePoint 

Ventures 5 LLC; TPC Credit Partners 3 

LLC; TriplePoint Venture Lending 

Fund, LLC; and TriplePoint Venture 

Lending SPV, LLC. 

FILING DATES: The application was filed 

on August 22, 2023, and amended on 

February 7, 2024, and June 26, 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 November 4, 2024, 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: 

James P. Labe and Sajal K. Srivastava, 

TriplePoint Advisers LLC, at jlabe@

triplepointcapital.com and sks@

triplepointcapital.com, respectively, 

and Harry S. Pangas, Esq. and Clay 

Douglas, Esq., Dechert LLP, at 

harry.pangas@dechert.com and 

clay.douglas@dechert.com, respectively. 

FOR FURTHER INFORMATION CONTACT: 

Kieran G. Brown, 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’ second amended and 

restated application, dated June 26, 

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 


khammond on DSKJM1Z7X2PROD with NOTICES