Document ID: SEC-2022-1317-0001
Agency: sec
Document Type: Notice
Title: Application: Neuberger Berman BDC, LLC, et al.
Posted Date: 2022-10-05T04:00Z

[Federal Register Volume 87, Number 192 (Wednesday, October 5, 2022)]
[Notices]
[Pages 60420-60421]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21540]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34719; File No. 812-15378]

Neuberger Berman BDC LLC, et al.

September 29, 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 (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: Neuberger Berman BDC LLC, Neuberger Berman Next 
Generation Connectivity Fund Inc., NB Private Markets Fund II (Master) 
LLC, NB Private Markets Fund III (Master) LLC, NB Crossroads Private 
Markets Fund IV Holdings LLC, NB Crossroads Private Markets Fund V 
Holdings LP, NB Crossroads Private Markets Fund VI Holdings LP, NB 
Crossroads Private Markets Fund VII Holdings LP, NB Crossroads Private 
Markets Access Fund LLC, NB Alternatives Advisers LLC, Neuberger Berman 
Investment Advisers LLC, Columbia NB Crossroads Fund II LP, Golden Road 
Capital Pooling L.P., MEP Opportunities Fund Holdings LP, NB--Iowa's 
Public Universities LP, NB 1 PE Investment Holdings LP, NB 1911 LP, NB 
AGI PE Portfolio II Fund LP, NB ASGA Fund Holdings LP, NB Ayame 
Holdings LP, NB Blue Ensign Fund LP, NB Caspian Holdings LP, NB CPEG 
Fund Holdings LP, NB Credit Opportunities Co-Invest Affordable Care I 
LP, NB Credit Opportunities Co-Invest I LP, NB Credit Opportunities 
Fund II LP, NB Credit Opportunities II Cayman LP, NB Credit 
Opportunities II Co-Investment Fund (Cayman) LP, NB Credit 
Opportunities II Co-Investment (Whistler) LP, NB Crossroads 23 LC 
Holdings LP, NB Crossroads 23 MC Holdings LP, NB Crossroads 23 SS 
Holdings LP, NB Crossroads 23 VC Holdings LP, NB Crossroads 24 LC 
Holdings LP, NB Crossroads 24 MC Holdings LP, NB Crossroads 24 SS 
Holdings LP, NB Crossroads 24 VC Holdings LP, NB Crossroads XXII--MC 
Holdings LP, NB Crossroads XXII--VC Holdings LP, NB Crystal PE Holdings 
LP, NB Direct Access Fund II LP, NB Enhanced Income Holdings LP, NB 
Enhanced Income Holdings II LP, NB Enstar PE Opportunities Fund, LP, NB 
Euro Crossroads 2018 Holdings SCSp, NB Euro Crossroads 2021 Holdings 
SCSp, NB Flamingo Private Debt LP, NB

[[Page 60421]]

Flat Corner PE Holdings LP, NB Gemini Fund LP, NB Granite Private Debt 
LP, NB Greencastle LP, NB Initium Infrastructure (EUR) Holdings LP, NB 
Initium Infrastructure (USD) Holdings LP, NB Initium PE (EUR) Holdings 
LP, NB Initium PE (USD) Holdings LP, NB Initium PE II (USD) Holdings 
LP, NB Oak LP, NB PA Co-Investment Fund LP, NB PD III Holdings (LO) LP, 
NB PD III Holdings (LS) LP, NB PD III Holdings (UO) LP, NB PD III 
Holdings (US) LP, NB PD IV Equity LP, NB PD IV Holdings (LO-A) LP, NB 
PD IV Holdings (LO-MS) LP, NB PD IV Holdings (LS-A) LP, NB PD IV 
Holdings (US-A) (Levered) LP, NB PD IV Holdings (US-B) (Unlevered) LP, 
NB PD IV Holdings (UO-A) LP, NB PEP Holdings Limited, NB Pinnacol 
Assurance Fund LP, NB Private Debt Fund LP, NB Private Debt II Holdings 
LP, NB Private Equity Credit Opportunities Holdings LP, NB Private 
package lp, NB Rembrandt Holdings 2018 LP, NB Rembrandt Holdings 2020 
LP, NB Rembrandt Holdings 2022 LP, NB Renaissance Partners Holdings S.a 
r.l., NB RESOF Holdings LP, NB RESOF II Cayman Holdings LP, NB RESOF II 
Holdings LP, NB RESOF SP1 LP, NB River City Fund LP, NB RP Co-
Investment & Secondary Fund LLC, NB RPPE Partners LP, NB SBS US 3 Fund 
LP, NB Select Opps III MHF LP, NB Select Opps IV MHF LP, NB Select Opps 
V MHF LP, NB SHP Fund Holdings LP, NB SI-Apollo Sengai Fund Holdings 
LP, NB SOF III Holdings LP, NB SOF IV Cayman Holdings LP, NB SOF IV 
Holdings LP, NB SOF V Cayman Holdings LP, NB SOF V Holdings LP, NB 
Sonoran Fund Limited Partnership, NB STAR Buyout Strategy 2020 Holdings 
Ltd, NB STAR Buyout Strategy 2021 Holdings Ltd, NB STAR Buyout Strategy 
2022 Holdings Ltd, NB Strategic Capital LP, NB Strategic Co-Investment 
Partners IV Holdings LP, NB Strategic Partnership Fund Co-Investments 
LP, NB Swan Private Debt SCSp, NB TCC Strategic Holdings LP, NB TPSF EM 
PE Fund LP, NB Wessex Holdings LP, NB Wildcats Fund LP, NB ZCF LP, NBAL 
Holdings LP, NBFOF Impact--Holdings LP, NBPD AT Holdings (LO-A) LP, 
NBPD Centennial Holdings (LO-A) LP, NBPD III Equity Co-Invest Holdings 
A LP, NB-Sompo RA Holdings LP, NEUB Holdings LP, NEUB Infrastructure 
Holdings LP, Neuberger Berman/New Jersey Custom Investment Fund III LP, 
NYC-NorthBound Emerging Managers Program LP, NYSCRF NB Co-Investment 
Fund LLC, NYSCRF NB Co-Investment Fund II LLC, Olive Cayman Holdings 
Ltd, PECO-PD III BORROWER LP, SJFED Private Equity Strategic 
Partnership, L.P., SJPF Private Equity Strategic Partnership, L.P., 
Soleil 2020 Cayman Holdings Ltd, Soleil 2022 EUR Cayman Holdings Ltd, 
Soleil B 2022 EUR Cayman Holdings Ltd, Soleil B 2022 USD Cayman 
Holdings Ltd, SunBerg PE Opportunities Fund LLC, SunBern Alternative 
Opportunities Fund LLC, Toranomon Private Equity 1, L.P., NB BVK 
Holdings SCSp, NB Strategic Capital II Cayman Holdings LP, NB Strategic 
Capital II Holdings LP, NB Select Opps VI MHF LP, NB Central Valley 
Holdings LP, and NB Impulsum (USD) Holdings LP.
    Filing Dates: The application was filed on August 5, 2022, and 
amended on September 22, 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, October 
24, 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: Corey 
Issing, Neuberger Berman Investment Advisers LLC, at 
[email protected]; Nicole M. Runyan and William J. Tuttle, Kirkland & 
Ellis LLP, at [email protected].

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' first amended and 
restated application, dated September 22, 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,
Deputy Secretary.
[FR Doc. 2022-21540 Filed 10-4-22; 8:45 am]
BILLING CODE 8011-01-P