[Federal Register Volume 87, Number 167 (Tuesday, August 30, 2022)]
[Notices]
[Pages 53038-53039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18604]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34687; File No. 812-15344-01]


CCOF II Lux Feeder, SCSp, et al.

August 24, 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:  CCOF II Lux Feeder, SCSp, Carlyle Secured Lending, Inc., 
Carlyle Credit Solutions, Inc., Carlyle Secured Lending III, Carlyle 
Tactical Private Credit Fund, TCG BDC SPV LLC, Carlyle Credit Solutions 
SPV LLC, Carlyle Credit Solutions SPV 2 LLC, OCPC Credit Facility SPV 
LLC, Carlyle Global Credit Investment Management L.L.C., CSL III 
Advisor, LLC, Carlyle CLO Management L.L.C., TCG Senior Funding L.L.C., 
TCG Capital Markets L.L.C., MC UNI LLC, MC UNI Subsidiary LLC, MC UNI 
Subsidiary II (Blocker) LLC, CPC V, LP, CPC V SPV LLC, CDL 2018-1, 
L.P., CDL 2018-1 SPV LLC, CDL 2018-2, L.P., Carlyle Ontario Credit 
Partnership, L.P., Carlyle Ontario Credit SLP L.L.C., Carlyle Ontario 
Credit Special Limited Partner, L.P., Carlyle Skyline Credit Fund, 
L.P., CDL 2020-3, L.L.C., Carlyle Ontario Credit Partnership Direct 
Lending SPV, L.P., Carlyle Skyline Credit Fund, AIV L.P., Carlyle 
Clover Partners, L.P., Carlyle Clover Partners 2, L.P., Carlyle 
Revolving Loan Fund, L.P., CREV Coinvestment, L.P., CREV Cayman, L.P., 
CREV II Cayman, L.P., Carlyle Falcon Structured Solutions, L.L.C., CREV 
II Coinvestment, L.P., Carlyle Aurora Revolving Loan Fund, L.P., 
Carlyle Direct Lending Drawdown CLO 2022-1 Partnership, L.P., Carlyle 
Global Market Strategies CLO 2012-3, Ltd., Carlyle Global Market 
Strategies CLO 2012-4, Ltd., Carlyle Global Market Strategies CLO 2013-
1, Ltd., Carlyle Global Market Strategies CLO 2013-2, Ltd., Carlyle 
Global Market Strategies CLO 2013-3, Ltd., Carlyle Global Market 
Strategies CLO 2013-4, Ltd., Carlyle Global Market Strategies CLO 2014-
1, Ltd., Carlyle Global Market Strategies CLO 2014-2-R, Ltd., Carlyle 
Global Market Strategies CLO 2014-3-R, Ltd., Carlyle Global Market 
Strategies CLO 2014-4-R, Ltd., Carlyle Global Market Strategies CLO 
2014-5, Ltd., Carlyle Global Market Strategies CLO 2015-1, Ltd., 
Carlyle Global Market Strategies CLO 2015-2, Ltd., Carlyle Global 
Market Strategies CLO 2015-3, Ltd., Carlyle Global Market Strategies 
CLO 2015-4, Ltd., Carlyle Global Market Strategies CLO 2015-5, Ltd., 
Carlyle Global Market Strategies CLO 2016-1, Ltd., Carlyle Global 
Market Strategies CLO 2016-2, Ltd., Carlyle Global Market Strategies 
CLO 2016-3, Ltd., Carlyle US CLO 2016-4, Ltd., Carlyle US CLO 2017-1, 
Ltd., Carlyle US CLO 2017-2, Ltd., Carlyle US CLO 2017-3, Ltd., Carlyle 
US CLO 2017-4, Ltd., Carlyle US CLO 2017-5, Ltd., Carlyle US CLO 2018-
1, Ltd., Carlyle US CLO 2018-2, Ltd., Carlyle US CLO 2018-3, Ltd., 
Carlyle US CLO 2018-4, Ltd., Carlyle US CLO 2019-1, Ltd., Carlyle US 
CLO 2019-2, Ltd., Carlyle US CLO 2019-3, Ltd., Carlyle US CLO 2019-4, 
Ltd., Carlyle US CLO 2020-1, Ltd., Carlyle US CLO 2020-A, Ltd., Carlyle 
CLO Fund, L.P., Carlyle CLO Equity Fund III Offshore, L.P., Carlyle CLO 
Equity Fund III Onshore, L.P., Carlyle CLO Equity Fund III, L.P., 
Carlyle C17 CLO, Ltd., Carlyle US CLO 2020-2, Ltd., Carlyle US CLO 
2021-A, Ltd., Carlyle US CLO 2021-3S, Ltd., Carlyle US CLO 2021-4, 
Ltd., Carlyle US CLO 2021-5, Ltd., Carlyle US CLO 2021-6, Ltd., Carlyle 
US CLO 2021-7, Ltd., Carlyle US CLO 2021-8, Ltd., Carlyle US CLO 2021-
10, Ltd., Carlyle US CLO 2021-9, Ltd., Carlyle US CLO 2021-11, Ltd., 
Carlyle US CLO 2021-J, Ltd., Carlyle US CLO 2022-A, Ltd., Carlyle US 
CLO 2022-B, Ltd., Carlyle US CLO 2022-F, Ltd., CBAM 2017-1, Ltd., CBAM 
2017-2, Ltd., CBAM 2017-

[[Page 53039]]

3, Ltd., CBAM 2017-4, L.L.C., CBAM 2017-4, Ltd., CBAM 2018-5, Ltd., 
CBAM 2018-6, Ltd., CBAM 2018-7, Ltd., CBAM 2018-8, Ltd., CBAM 2019-9, 
Ltd., CBAM 2019-10, Ltd., CBAM 2019-11R, Ltd., CBAM 2020-12, Ltd., CBAM 
2020-13, LLC, CBAM 2020-13, Ltd., CBAM 2021-14, Ltd., CBAM 2021-15, 
LLC, Carlyle Structured Credit Fund, L.P., Carlyle Structured Credit 
Coinvestment, L.P., Carlyle Energy Mezzanine Opportunities Fund II, 
L.P., Carlyle Energy Mezzanine Opportunities Fund II-A, L.P., CEMOF II 
Coinvestment, L.P., CEMOF II Master Co-Investment Partners, L.P., CEMOF 
II Master Co-Investment Partners AIV One, L.P., CEMOF II Master Co-
Investment Partners AIV, L.P., CEMOF-A Coinvestment Partners, L.P., 
CEMOF II AIV, L.P., CEMOF II AIV One, L.P., CEMOF II AIV Two, L.P., 
CEMOF II AIV Three, L.P., CEMOF II AIV Four, L.P., CEMOF II-A AIV, 
L.P., CEMOF II-A AIV One, L.P., CEMOF II-A AIV Two, L.P., CEMOF II-A 
AIV Three, L.P., CEMOF II-A AIV Four, L.P., CEMOF II Offshore 
Investors, L.P., Carlyle Credit Opportunities Fund (Parallel), L.P., 
Carlyle Credit Opportunities Fund, L.P., CCOF Cayman, L.P., CCOF Co-
Investment, L.P., CCOF North Co-Investment, L.P., Carlyle Credit 
Opportunities Fund Note Issuer, L.P., Carlyle Credit Opportunities Fund 
(Parallel) Note Issuer, L.P., CCOF Gem Co-Investment, L.P., CCOF Master 
Cayman Gem Co-Investment, LTD., CCOF Onshore Co-Borrower LLC, CCOF 
Master Cayman, Ltd., CCOF S.[agrave] r.l., CCOF Master S.[agrave] r.l., 
GC Lion S.[agrave] r.l., CCOF SPV I S.[agrave] r.l., CCOF Madison JV 
S.a r.l., GC Orange S.[agrave] r.l., CCOF Master Co-Investment 
S.[agrave] r.l., CCOF Co-Investment S.[agrave] r.l., CCOF Main SPV, 
L.P., Carlyle Tango Re Credit, L.P., Carlyle Credit Opportunities Fund 
II, L.P., Carlyle Credit Opportunities Fund (Parallel) II, SCSp, 
Carlyle Credit Opportunities Fund Ii Note Issuer, L.P., Carlyle Credit 
Opportunities Fund (Parallel) II Note Issuer, L.P., CCOF II Co-
Investment, L.P., CCOF II Master, L.P., CCOF II Master Cayman, Ltd., 
CCOF II Onshore SPV, L.P., CCOF II Master S.[agrave] r.l., CCOF II SPV 
S.[agrave] r.l., CCOF Master, L.P., CCOF Parallel AIV Investors, 
L.L.C., CCOF Parallel AIV, L.P., Carlyle Bravo Opportunistic Credit 
Partnership, L.P., Carlyle Bravo Opportunistic Credit Feeder, L.P., 
Carlyle Credit Opportunities Fund (Parallel) AIV, L.P., Carlyle Credit 
Opportunities Fund (Parallel) AIV Investors, L.P., Carlyle Credit 
Opportunities Fund (Parallel) AIV 2, L.P., Carlyle Credit Opportunities 
Fund (Parallel) AIV Investors 2, L.P., Carlyle Credit Opportunities 
Fund (Parallel) AIV 3, L.P., Carlyle Credit Opportunities Fund 
(Parallel) AIV 4, L.P., Carlyle Credit Opportunities Fund (Parallel) 
AIV Investors 3, L.L.C., Carlyle Credit Opportunities Fund (Parallel) 
AIV Investors 4, LLC, Carlyle Credit Opportunities Fund (Parallel) II 
AIV 3, L.P., Carlyle Credit Opportunities Fund (Parallel) II AIV 4, 
L.P., Carlyle Credit Opportunities Fund (Parallel) II AIV Investors 3, 
LLC, Carlyle Credit Opportunities Fund (Parallel) II AIV 2, SCSp, 
Carlyle Credit Opportunities Fund (Parallel) II AIV, SCSp, CCOF II 
Parallel AIV Investors, SCSp, Carlyle Credit Opportunities Fund 
(Parallel) II AIV Holdings, L.P., Carlyle Credit Opportunities Fund 
(Parallel) II AIV 2 Holdings, L.P. Carlyle Credit Opportunities Fund 
II-N, L.P., Carlyle Credit Opportunities Fund II-N Main, L.P., CCOF II 
Parallel Irving AIV Investors (Lux), SCSp, CCOF II Lux Feeder Irving 
AIV, SCSp, CCOF II Parallel Irving AIV Investors (DE), L.L.C., Carlyle 
Credit Opportunities Fund (Parallel) II Irving AIV 2, L.P., Carlyle 
Credit Opportunities Fund (Parallel) II Irving AIV, L.P., Carlyle Tango 
RE Credit Splitter, L.P., Project Mediaco, L.P., Carlyle Bravo Credit 
Investor, LLC, Project Harmony, L.P., Carlyle Spinnaker Partners 2, 
L.P., Carlyle Spinnaker Partners 2 Main, L.P., Carlyle Strategic 
Partners IV, L.P., CSP IV Coinvestment, L.P., CSP IV Coinvestment 
(Cayman), L.P., CSP IV (Cayman 1), L.P., CSP IV Acquisitions, L.P., CSP 
IV S-1 AIV, L.P., CSP IV S-1A AIV, L.P., CSP IV S-1B AIV, L.P., CREDIT 
Acquisitions (Cayman-3), L.P., CSP IV ARF (Cayman 3), L.P., CSP IV 
(Cayman 2), L.P., CSP IV (Cayman 3), L.P., Clover Financing SPV, L.P., 
CSP IV Brawn AIV, L.P., Brawn Coinvest Electing Investors, L.P., CSP IV 
Coinvest Brawn Investors, L.P., CSP IV Coinvest Brawn, L.P., CSP IV 
(Parallel) AIV I, L.P., CSP IV Credit Investor, LLC, Carlyle 
Infrastructure Credit Fund, L.P., Carlyle Infrastructure Credit Fund 
Note Issuer, L.P., Carlyle Infrastructure Credit Fund (Parallel), SCSp, 
Carlyle Aurora Infrastructure Credit Partners, L.P., Carlyle 
Infrastructure Credit Fund (Levered), L.P., Carlyle Cedar 
Infrastructure Credit Partners, L.P., CICF Coinvestment, L.P., CICF Lux 
Feeder, SCSp, Carlyle Direct Lending CLO 2015-1R LLC, Carlyle Direct 
Lending Fund (LEVERED) IV, L.P., Carlyle Direct Lending Fund IV, L.P., 
Carlyle Revolving Loan Fund II, L.P., Carlyle US CLO 2022-G, Ltd., and 
Carlyle US CLO 2022-H, Ltd.

DATES: The application was filed on May 27, 2022, and amended on August 
1, 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 
19, 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: Rajib 
Chanda at [email protected] and Christopher Healey 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 1, 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. 2022-18604 Filed 8-29-22; 8:45 am]
BILLING CODE 8011-01-P


