Document ID: SEC-2023-1316-0001
Agency: sec
Document Type: Notice
Title: Application: Saratoga Investment Advisors, LLC, et al.
Posted Date: 2023-11-17T05:00Z

[Federal Register Volume 88, Number 221 (Friday, November 17, 2023)]
[Notices]
[Page 80365]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-25498]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35047; File No. 812-15459]

Saratoga Investment Advisors, LLC, et al.

November 14, 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 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: Saratoga Investment Advisors, LLC, Saratoga Management 
Company LLC, Saratoga Investment Corp., Saratoga Investment Corp. SBIC 
LP, Saratoga Investment Corp. SBIC II LP, Saratoga Investment Corp. 
SBIC III LP, Saratoga Investment Corp. CLO 2013-1 LTD, Saratoga 
Investment Funding II, LLC, SIA-Avionte, Inc., SIA-AX, Inc., SIA-GH, 
Inc., SIA-G4, Inc., SIA-MAC, Inc., SIA-ARC, Inc., SIA-PP, Inc., SIA-TG, 
Inc., SIA-TT, Inc., SIA-Vector, Inc., SIA-VR, Inc., SIA-AAP, Inc., 
Saratoga Credit Fund I L.P., SIA-MDP Inc., and SIA-SZ, Inc.

Filing Dates: The application was filed on April 25, 2023, and amended 
on September 1, 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 [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, December 
11, 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 emailing the Commission's Secretary at 
[email protected].

ADDRESSES: 
    The Commission: [email protected].
    Applicants: Rochelle Kracoff, Assistant Chief Compliance Officer, 
Saratoga Investment Corp., at [email protected], and Steven 
B. Boehm, Esq., Payam Siadatpour, Esq., and Anne G. Oberndorf, Esq., 
Eversheds Sutherland (US) LLP, at [email protected].

FOR FURTHER INFORMATION CONTACT: Michael Schrader, 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 1, 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, 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. 2023-25498 Filed 11-16-23; 8:45 am]
BILLING CODE 8011-01-P