[Federal Register Volume 88, Number 90 (Wednesday, May 10, 2023)]
[Notices]
[Page 30203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-09911]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34907; File No. 812-15365]


Lafayette Square USA, Inc. et al.

May 4, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (``Act'') for an exemption from section 18(a) and 
61(a) of the Act.

Summary of Application: Applicants request an order to permit the 
Company to adhere to a modified asset coverage requirement with respect 
to any direct or indirect wholly owned subsidiary of the Company that 
is licensed by the Small Business Administration to operate under the 
Small Business Investment Act of 1958 as a small business investment 
company (``SBIC'') and relies on Section 3(c)(7) for an exclusion from 
the definition of ``investment company'' under the Act.

Applicants:  Lafayette Square USA, Inc. (the ``Company''), LS BDC 
Adviser, LLC (the ``Adviser''), Lafayette Square SBIC, LP (the 
``Lafayette Square SBIC''), and Lafayette Square SBIC GP, LLC (the 
``SBIC GP'').

Filing Dates:  The application was filed on July 11, 2022 and amended 
on February 3, 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 Commission'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 29, 
2023, and should be accompanied by proof of service on the 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.

ADDRESSES: The Commission: [email protected]. Applicants: David 
Kraut, [email protected], Thomas Friedmann, 
[email protected], and Jonathan Gaines, 
[email protected].

FOR FURTHER INFORMATION CONTACT: Toyin Momoh, Senior Counsel, or Lisa 
Reid Ragen, 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 February 3, 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 
https://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. 2023-09911 Filed 5-9-23; 8:45 am]
BILLING CODE 8011-01-P


