[Federal Register Volume 90, Number 76 (Tuesday, April 22, 2025)]
[Notices]
[Pages 16895-16896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-06843]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35540; File No. 812-15725]


MidCap Financial Investment Corporation, et al.

April 16, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

-----------------------------------------------------------------------

    Notice of application for 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 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 permit 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. The requested 
order includes streamlined terms and conditions as compared to past 
comparable orders.

APPLICANTS: MidCap Financial Investment Corporation, Apollo Debt 
Solutions BDC, Apollo Diversified Credit Fund, Apollo S3 Private 
Markets Fund, MidCap Apollo Institutional Private Lending, Lord Abbett 
Flexible Income Fund, Apollo Diversified Real Estate Fund, Apollo 
Origination II (Levered) Capital Trust, Apollo Origination II (UL) 
Capital Trust, Merx Aviation Finance, LLC, Apollo Investment 
Management, L.P., Apollo Credit Management, LLC, Apollo Capital Credit 
Adviser, LLC, Apollo S3 RIC Management, L.P., Apollo Real Estate Fund 
Adviser, LLC, and certain of their affiliated entities as described in 
Appendix A to the application.

FILING DATES:  The application was filed on March 14, 2025, and amended 
on April 4, 2025, and April 11, 2025.

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 12, 
2025, 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 at 
[email protected].

ADDRESSES: The Commission: [email protected]. Applicants: 
Tanner Powell, Chief Executive Officer, MidCap Financial Investment 
Corporation, 9 West 57th Street, New York, NY 10019; Kristin Hester, 
Chief Legal Officer, MidCap Financial Investment Corporation, 9 West 
57th Street, New York, NY 10019; David Blass, Simpson Thacher & 
Bartlett LLP, 900 G Street NW, Washington, DC 20001; and Steven 
Grigoriou, Simpson Thacher & Bartlett LLP, 900 G Street NW, Washington, 
DC 20001.

FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel, 
Kieran Brown, Senior Counsel, or Daniele Marchesani, Assistant Chief 
Counsel, 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 
application, dated April 11, 2025, 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/companysearch.html. You may also 
call the SEC's Office of Investor Education and Advocacy at (202) 551-
8090.


[[Page 16896]]


    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-06843 Filed 4-21-25; 8:45 am]
BILLING CODE 8011-01-P