Document ID: SEC-2022-1096-0001
Agency: sec
Document Type: Notice
Title: Application: Rand Capital Corp., et al.
Posted Date: 2022-08-15T04:00Z

[Federal Register Volume 87, Number 156 (Monday, August 15, 2022)]
[Notices]
[Pages 50129-50130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17425]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34667; File No. 812-15348]

Rand Capital Corporation, et al.

August 9, 2022.
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

[[Page 50130]]

(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: Rand Capital Corporation, Rand Capital Management, LLC, 
Rand Capital Sub LLC, Callodine Capital Management, LP, Callodine 
Credit Management, LLC, Callodine Strategic Credit, LLC, Bluearc 
Mezzanine Partners I, L.P., Callodine Asset Based Loan Fund II, LP, 
Callodine Perpetual ABL Fund, LP, Callodine Capital Fund, LP, Callodine 
Capital Offshore Fund, Ltd., Callodine Capital Master Fund, LP, 
Callodine BDC Income Fund, LP, Callodine Equity Income Fund, LP, 
Callodine Strategic Credit Fund II, LP, Thorofare, LLC, Thorofare Asset 
Based Lending Fund IV, L.P., Thorofare Asset Based Lending REIT Fund 
IV, LLC, Thorofare Asset Based Lending Fund V, L.P. and Thorofare Asset 
Based Lending REIT Fund V, LLC.

FILING DATES: The application was filed on June 13, 2022, and amended 
on August 4, 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 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 September 
2, 2022, 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 emailing the Commission's Secretary at 
[email protected].

ADDRESSES: The Commission: [email protected]. Applicants: James 
Morrow at [email protected] or Daniel Penberthy at 
[email protected]. Anne G. Oberndorf, Esq., Eversheds 
Sutherland (US) LLP, at [email protected].

FOR FURTHER INFORMATION CONTACT: Bruce R. MacNeil, Senior Counsel, or 
Kaitlin C. Bottock, 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 August 4, 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, 
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,
Deputy Secretary.
[FR Doc. 2022-17425 Filed 8-12-22; 8:45 am]
BILLING CODE 8011-01-P