
[Federal Register Volume 81, Number 200 (Monday, October 17, 2016)]
[Notices]
[Page 71562]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24983]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 32310/October 11, 2016]


Investment Company Act of 1940

    In the Matter of: AB Private Credit Investors Corporation, AB 
Private Credit Investors Middle Market Direct Lending Fund, L.P., AB 
Energy Opportunity Fund, L.P., AB Private Credit Investors LLC, 1345 
Avenue of the Americas, New York, NY 10105, (812-14453)

Order Under Sections 17(d) and 57(i) of the Investment Company Act of 
1940 and Rule 17d-1 Under the Act

    AB Private Credit Investors Corporation, AB Private Credit 
Investors Middle Market Direct Lending Fund, L.P., AB Energy 
Opportunity Fund, L.P., and AB Private Credit Investors LLC filed an 
application on April 30, 2015, and amendments to the application on 
October 5, 2015, and May 24, 2016, requesting 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 that would permit certain joint transactions 
otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 
17d-1 under the Act. The order would permit a business development 
company and certain closed end investment companies (collectively, the 
``Regulated Funds'') to co-invest in portfolio companies with each 
other and with affiliated investment funds.
    On September 13, 2016, a notice of the filing of the application 
was issued (Investment Company Act Release No. 32261). The notice gave 
interested persons an opportunity to request a hearing and stated that 
an order disposing of the application would be issued unless a hearing 
was ordered. No request for a hearing has been filed, and the 
Commission has not ordered a hearing.
    The matter has been considered and it is found, on the basis of the 
information set forth in the application, as amended, that 
participation by the Regulated Funds in the proposed transactions is 
consistent with the provisions, policies and purposes of the Act and is 
on a basis no less advantageous than that of other participants.
    Accordingly,
    It is ordered, under sections 17(d) and 57(i) of the Act and rule 
17d-1 under the Act, that the relief requested by AB Private Credit 
Investors Corporation, et al. (File No. 812-14453) is granted, 
effective immediately, subject to the conditions contained in the 
application, as amended.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-24983 Filed 10-14-16; 8:45 am]
 BILLING CODE 8011-01-P


