[Federal Register Volume 87, Number 45 (Tuesday, March 8, 2022)]
[Notices]
[Pages 13030-13031]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04815]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34522; File No. 812-15136]


Jefferies Private Credit BDC Inc., et al.

March 2, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    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

[[Page 13031]]

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: Jefferies Private Credit BDC Inc., Jefferies Credit 
Management LLC, Jefferies Finance LLC, Jefferies Credit Partners LLC, 
Apex Credit Partners LLC, Apex Credit Holdings LLC, JFIN CLO 2012 Ltd., 
JFIN CLO 2013 Ltd., JFIN CLO 2015-II Ltd., JFIN CLO 2016 Ltd., JFIN CLO 
2017 Ltd., JFIN CLO 2017-II Ltd., Apex Credit CLO 2018 Ltd., Apex 
Credit CLO 2018-II Ltd., Apex Credit CLO 2019 Ltd., Apex Credit CLO 
2019-II Ltd., Apex Credit CLO 2020 Ltd., Apex Credit CLO 2021 Ltd., 
Jefferies Direct Lending Fund LP, Jefferies Direct Lending Fund SPE 
LLC, Jefferies Direct Lending Offshore Fund LP, Jefferies Direct 
Lending Offshore Fund B LP, Jefferies Direct Lending Offshore Fund C 
LP, Jefferies Direct Lending Offshore Fund SPE LLC, Jefferies Direct 
Lending Offshore Fund C SPE LLC, Jefferies Senior Lending LLC, JFIN 
Revolver CLO 2017-II Ltd., JFIN Revolver CLO 2017-III Ltd., JFIN 
Revolver CLO 2018 Ltd., JFIN Revolver CLO 2019 Ltd., JFIN Revolver CLO 
2019-II Ltd., JFIN Revolver CLO 2020 Ltd., JFIN Revolver Funding 2021 
Ltd., JFIN Revolver CLO 2021-II Ltd., JFIN Revolver Funding 2021-III 
Ltd., JFIN Revolver Funding 2021-IV Ltd., JFIN Revolver CLO 2021-V 
Ltd., JFIN Revolver Fund, L.P., Massachusetts Mutual Life Insurance 
Company.

Filing Dates: The application was filed on June 18, 2020, and amended 
on October 22, 2020, August 3, 2021, December 10, 2021 and January 12, 
2022.

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 Commission's Secretary at <a href="/cdn-cgi/l/email-protection#b3e0d6d0c1d6c7d2c1cac09efcd5d5dad0d6f3c0d6d09dd4dcc5"><span class="__cf_email__" data-cfemail="297a4c4a5b4c5d485b505a04664f4f404a4c695a4c4a074e465f">[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 
March 28, 2022, 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 
<a href="/cdn-cgi/l/email-protection#60330503120514011219134d2f0606090305201305034e070f16"><span class="__cf_email__" data-cfemail="481b2d2b3a2d3c293a313b65072e2e212b2d083b2d2b662f273e">[email protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#396a5c5a4b5c4d584b404a14765f5f505a5c794a5c5a175e564f"><span class="__cf_email__" data-cfemail="9ac9fff9e8ffeefbe8e3e9b7d5fcfcf3f9ffdae9fff9b4fdf5ec">[email protected]</span></a>. Applicants: 
Daniel M. Duval, Jefferies Finance LLC, <a href="/cdn-cgi/l/email-protection#ddb9b9a8abbcb19db7b8bbbbb8afb4b8aef3beb2b0"><span class="__cf_email__" data-cfemail="e4808091928588a48e81828281968d8197ca878b89">[email protected]</span></a>, Michael 
R. Rosella, <a href="/cdn-cgi/l/email-protection#3b5652505e4954485e57575a7b4b5a4e57535a484f52555c4815585456"><span class="__cf_email__" data-cfemail="e4898d8f81968b9781888885a4948591888c8597908d8a8397ca878b89">[email protected]</span></a>, Frank Lopez, 
<a href="/cdn-cgi/l/email-protection#d8beaab9b6b3b4b7a8bda298a8b9adb4b0b9abacb1b6bfabf6bbb7b5"><span class="__cf_email__" data-cfemail="187e6a7976737477687d625868796d7470796b6c71767f6b367b7775">[email protected]</span></a>, Vadim Avdeychik, 
<a href="/cdn-cgi/l/email-protection#2f594e4b46424e594b4a564c4746446f5f4e5a43474e5c5b4641485c014c4042"><span class="__cf_email__" data-cfemail="235542474a4e425547465a404b4a48635342564f4b4250574a4d44500d404c4e">[email protected]</span></a>, Rajib Chanda, <a href="/cdn-cgi/l/email-protection#88fae9e2e1eaa6ebe0e9e6ece9c8fbfceae4e9ffa6ebe7e5"><span class="__cf_email__" data-cfemail="f587949f9c97db969d949b9194b5868197999482db969a98">[email protected]</span></a>, 
Ryan Brizek, <a href="/cdn-cgi/l/email-protection#d7a5aeb6b9f9b5a5beadb2bc97a4a3b5bbb6a0f9b4b8ba"><span class="__cf_email__" data-cfemail="710308101f5f1303180b141a310205131d10065f121e1c">[email protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Barbara T. Heussler, Senior Counsel, 
or Trace W. Rakestraw, 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 January 12, 2022, 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.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-04815 Filed 3-7-22; 8:45 am]
BILLING CODE 8011-01-P


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