[Federal Register Volume 89, Number 2 (Wednesday, January 3, 2024)]
[Notices]
[Pages 424-425]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28867]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35083; File No. 812-15429]


AB CarVal Opportunistic Credit Fund, et al.

December 27, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order under section 17(d) of the 
Investment Company Act of 1940 (the ``Act'') and rule 17d-1 under the 
Act to permit certain joint transactions otherwise prohibited by 
section 17(d) of the Act and rule 17d-1 under the Act.
    Summary of Application: Applicants request an order to permit 
certain closed-end management investment companies to co-invest in 
portfolio companies with each other and with certain affiliated 
investment entities.
    Applicants: AB CarVal Opportunistic Credit Fund; AB CarVal 
Investors, L.P.; CarVal CLO Management, LLC; CarVal Investors GB LLP; 
CarVal Investors Pte, Ltd,; CarVal Wengsheng Private Fund Management 
(Shanghai) Co., Ltd; CarVal CCF US Corporation; CarVal Contingent 
Credit Fund LP; Centre Street CarVal Partnership LP; CarVal CSC US 
Corporation; CVI EMCOF US, LLC; CVI AIF Cayman Securities Ltd; CVI AIF 
Master Fund I LP; CVI AIF Master Fund II LP; CarVal CCF Luxembourg S.A 
R.L.; CarVal CCF Singapore Subfund; CarVal CCOF Luxembourg S.A R.L.; 
CVI CCOF Cayman Finance Corporation; CVI CCOF Cayman Securities Ltd; 
CVI CCOF Master Fund I LP; CVI CCOF Singapore Subfund; CVI CEF Cayman 
Securities Ltd; CVI CEF Luxembourg S.A R.L.; CVI CEF Master Fund I LP; 
CVI CEF Master Fund II LP; CVI CEF Master Fund III LP; CVI CEF Master 
Fund IV LP; CVI CEF II Master Fund I LP; CVI CEF II Master Fund II LP; 
CVI CEF II Master Fund III LP; CVI CEF II Master Fund IV LP; CVI CEF II 
Pooling Fund I LP; CVI CEF II Pooling Fund II LP; CVI CEF II Pooling 
Fund III LP; CVI CEF II Pooling Fund IV LP; CVI CEF II Cayman Finance 
Corporation; CVI CEF II Cayman Securities Ltd; CVI CEF II Luxembourg 
S.A R.L.; CarVal CLO I Ltd.; CarVal CLO II Ltd.; CarVal CLO III Ltd.; 
CarVal CLO IV Ltd.; CarVal CLO V-C Ltd.; CarVal CLO VII-C Ltd.; CarVal 
CSC Cayman Securities Ltd; CarVal CSC Cayman Finance Corporation; 
CarVal CSC Luxembourg S.A R.L.; CVI CSF US LLC; CVI CSF Cayman Finance 
Corporation; CVI CSF Master Fund I LP; CVI CSF Master Fund II LP; CVI 
CSF Master Fund III LP; CVI CSF Cayman Securities LP; CVI CSF 
Luxembourg S.A R.L.; CVI CVF IV Lux Master S.A R.L.; CVI CVF IV Master 
Fund I LP; CVI CVF IV Master Fund II LP; CVI CVF IV Master Fund III LP; 
CVI CVF IV Master Fund IV, LLC; CVI CVF IV Cayman Finance Corporation; 
CVI CVF IV Cayman Securities Ltd; CVI CVF IV Singapore Subfund; CVI 
Group Pooling RAIF S.C.A.-CVF V Sub-Fund; CVI CVF V Master Fund I LP; 
CVI CVF V Master Fund II LP; CVI CVF V Master Fund III LP; CVI CVF V 
Master Fund IV LP; CVI CVF V Pooling Fund I LP; CVI CVF V Pooling Fund 
II LP; CVI CVF V Pooling Fund III LP; CVI CVF V Cayman Finance 
Corporation; CVI CVF V Cayman Securities Ltd; CVI CVF V Renewables, 
LLC; CVI CVF V Singapore Subfund; CVI CVF VI Master Fund I LP; CVI CVF 
VI Master Fund II LP; CVI CVF VI Master Fund III LP; CVI CVF VI Pooling 
Fund I LP; CVI CVF VI Pooling Fund II LP; CVI CVF VI Pooling Fund III 
LP; CVI CVF VI Cayman Finance Corporation; CVI CVF VI Cayman Securities 
LP; CVI CVF VI Renewables, LLC; CVIC Cayman Holdings GP Corporation; 
CVIC Cayman Finance Corporation; CVIC Cayman Securities Ltd; CVIC Lux 
Finance S.A R.L.; CVIC Master Fund II, LLC; CVIC Master Fund III, LLC; 
CVIC Master Fund IV LP; CVIC Master Fund LP; CVIC Singapore Subfund; 
CVIC US Holdings II LP; CVIC Lux Securities Trading S.A R.L.; CVI EMCOF 
Lux S.A R.L.; CVI EMCOF Cayman Finance Corporation; CVI EMCOF Cayman 
Securities Ltd; CVI EMCOF Master Fund LP; CVI EMCOF Singapore Subfund; 
CVI GOF Cayman Securities Ltd; Britannica Recoveries S.A R.L.; Bohai 
Investment Holdings S.A R.L.; Insubria S.A R.L.; Mincio S.A R.L.; 
Lienza GP S.A R.L.; CVF III Mortgage Loan Trust II; CVF III Residential 
Investments II LLC; CVF III Mortgage Loan II Holdings LP; CVI CGS 
Mortgage Loan Trust I; CVI GCS Residential Investments I LLC; CVI CGS 
Mortgage Loan I Holdings LP; CVI LCF Mortgage Loan Trust I; CVI LCF 
Residential Investments I LLC; CVI SGP Acquisition Trust; CVI SGP-CO 
Acquisition Trust; CVI SGP LLC; Mill City Mortgage Loan Trust; CVI MC 
Residential Investments A LLC; CVI MC Residential Investments I LLC; 
Mill City Acquisition Holdings LP; Mill City Investment Holdings LP; 
Lyndale Holdings Limited; CVI Investment Holdings Limited; CVI AGL 
AssetCo Holdings, LLC; CVI VGY DevCo Holdings, LLC; CVI VGY Holdings, 
LLC; CVI Funding (TRS) I, LLC; CVI Loan Sub Holdings IV, LLC; CVI Loan 
Sub Holdings V, LLC; CVI SL Investment Trust; CVI SL Investment Trust 
II; CVI SKP FF Acquisition Trust; CVI SA1Senior Loan Holdings, LLC; CVI 
SKP Equity Holdings, LLC; Lyndale Investment Holdings LP; Mill City 
Holdings LLC; CVI REIT I, LLC; CarVal CCF Cayman Finance Corporation; 
CarVal CCF Cayman Securities Ltd; CarVal CLO VI-C Ltd.; CarVal CLO 
VIII-C Ltd.; CarVal CLO IX-C Ltd.; CVI CVF IV Lux Finance S.A R.L.; CVI 
CVF IV Lux Sub Holdings S.A R.L.; CVI CVF IV Lux Holdings S.A R.L.; CVI 
CVF IV Lux Securities S.A R.L.; CVI CVF IV Luxembourg S.A R.L.; CVIC 
Lux Master S.A R.L.; AB CarVal Euro CLO I-C Designated Activity 
Company; Shanghai CarVal Wensheng Equity Investment Partnership 
Enterprise (Limited Partnership); Lienza SCSp; Aergo Holdings Limited; 
Aergo Leasing II Limited; CVI Mezz Loan Sub Holdings VII, LLC; CVI SS 
CRE Holdings, LLC; CVI SA3 Senior Loan Holdings, LLC; Tesnik Tres 
Holdings Limited; CVI SL Investment Trust III; CVI SL FF Holdings, LLC; 
Wellington Lease Holding Limited; Wellington Lease Turbo Limited.
    Filing Dates: The application was filed on January 27, 2023, and 
amended on June 28, 2023 and September 15, 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 January 
18, 2024 and should be accompanied by proof of service on the 
Applicants, in the form

[[Page 425]]

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: 
Matthew Bogart [email protected], Kenneth Young 
[email protected], William J. Bielefeld 
[email protected], and Matthew Barsamian 
[email protected].

FOR FURTHER INFORMATION CONTACT: Priscilla Dao, Senior Counsel, or 
Robert Shapiro, Assistant Director, 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 September 15, 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.
Christina Z. Milnor,
Assistant Secretary.
[FR Doc. 2023-28867 Filed 1-2-24; 8:45 am]
BILLING CODE 8011-01-P