[Federal Register Volume 88, Number 82 (Friday, April 28, 2023)]
[Notices]
[Pages 26374-26375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08993]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34893; File No. 812-15364]


Silver Point Specialty Lending Fund, et al.

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:  SILVER POINT SPECIALTY LENDING FUND; SILVER POINT 
SPECIALTY CREDIT FUND MANAGEMENT, LLC; SILVER POINT CAPITAL FUND, L.P.; 
SILVER POINT CAPITAL OFFSHORE FUND, LTD.; SILVER POINT CAPITAL OFFSHORE 
MASTER FUND, L.P.; SILVER POINT CAPITAL, L.P.; SILVER POINT DISTRESSED 
OPPORTUNITIES FUND, L.P.; SILVER POINT DISTRESSED OPPORTUNITIES 
OFFSHORE MASTER FUND, L.P.; SILVER POINT DISTRESSED OPPORTUNITIES 
OFFSHORE FUND, L.P.; SILVER POINT DISTRESSED OPPORTUNITY INSTITUTIONAL 
PARTNERS (OFFSHORE), L.P.; SILVER POINT DISTRESSED OPPORTUNITY 
INSTITUTIONAL PARTNERS, L.P.; SILVER POINT DISTRESSED OPPORTUNITY 
INSTITUTIONAL PARTNERS MASTER FUND (OFFSHORE), L.P.; SILVER POINT 
DISTRESSED OPPORTUNITIES MANAGEMENT, LLC; SILVER POINT DISTRESSED 
OPPORTUNITY INSTITUTIONAL PARTNERS II (OFFSHORE), L.P.; SILVER POINT 
DISTRESSED OPPORTUNITY INSTITUTIONAL PARTNERS II, L.P.; SP DISTRESSED 
OPPORTUNITY IP II INTERMEDIATE, L.P.; SILVER POINT DISTRESSED 
OPPORTUNITY INSTITUTIONAL PARTNERS II MASTER FUND (OFFSHORE), L.P.; 
SILVER POINT DISTRESSED OPPORTUNITY INSTITUTIONAL PARTNERS II MASTER 
FUND, L.P.; SILVER POINT DISTRESSED OPPORTUNITY INSTITUTIONAL PARTNERS 
II MANAGEMENT, LLC; SILVER POINT SELECT OPPORTUNITIES FUND A, L.P.; 
SILVER POINT SPECIALTY CREDIT FUND II, L.P.; SILVER POINT SPECIALTY 
CREDIT FUND II (OFFSHORE), L.P.; SILVER POINT SPECIALTY CREDIT FUND II 
(OFFSHORE) B, L.P.; SILVER POINT SPECIALTY CREDIT FUND II (OFFSHORE) C, 
L.P.; SILVER POINT SPECIALTY CREDIT FUND II MINI-MASTER FUND 
(OFFSHORE), L.P.; SILVER POINT SPECIALTY CREDIT FUND II MINI-MASTER 
FUND, L.P.; SILVER POINT SPECIALTY CREDIT FUND II MANAGEMENT, LLC; 
SILVER POINT SPECIALTY CREDIT SILVER STAR FUND, L.P.; SILVER POINT 
SPECIALTY CREDIT SILVER STAR FUND MANAGEMENT, LLC; SILVER POINT LOAN 
FUNDING, LLC; SILVER POINT LOAN FUNDING MANAGEMENT, LLC; SILVER POINT 
SPECIALTY CREDIT FUND III (OFFSHORE), L.P.; SILVER POINT SPECIALTY 
CREDIT FUND III MANAGEMENT, LLC; SILVER POINT SPECIALTY CREDIT FUND 
III, L.P.; SILVER POINT SPECIALTY CREDIT III MASTER FUND (OFFSHORE), 
L.P.; SILVER POINT SPECIALTY CREDIT III MASTER FUND, L.P.; SILVER POINT 
RR MANAGER, L.P.; SILVER POINT CLO 1, LTD.; SILVER POINT CLO 2, LTD.

[[Page 26375]]


Filing Dates:  The application was filed on July 1, 2022, and amended 
on October 25, 2022 and March 10, 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 May 19, 
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: 
Michael Hoffman, Skadden, Arps, Slate, Meagher & Flom LLP, at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Jennifer O. Palmer, Senior Counsel, or 
Terri G. 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' second amended 
and restated application, dated March 10, 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.

    Dated: April 24, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08993 Filed 4-27-23; 8:45 am]
BILLING CODE 8011-01-P


