Federal Register #812-15763

SEC notice on Stellus affiliates’ application to co-invest in portfolio companies

The SEC notice concerns a request by Stellus-affiliated investment entities to co-invest in portfolio companies. - Government agency: U.S. Securities and Exchange Commission (SEC), Division of Investment Management. - Applicants named: Stellus Capital Investment Corporation; Stellus Private Credit BDC; Stellus Credit Master Funds I, II, III, and IV, LLC; Stellus Credit VCOC Funds I, II, III, and IV, LLC; Stellus Senior Secured Loan Fund, LLC; Stellus Credit Funds Investor A, LLC; Stellus Credit Funds Investor B, LP; Stellus Credit Funds Investor C, LLC; Stellus Private BDC Advisor, LLC; Stellus Capital Management, LLC; and certain wholly owned subsidiaries described in the application. - Requested relief: Permission for certain business development companies, closed-end management investment companies, and open-end management investment companies to co-invest in portfolio companies with one another and with affiliated investment entities. - Procurement status: This is a regulatory application notice, not a procurement or contract award. No products, services, quantities, or part numbers are requested.

Description

The Securities and Exchange Commission notice concerns an application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1. The applicants request permission for certain business development companies, closed-end management investment companies, and open-end management investment companies to co-invest in portfolio companies with one another and with certain affiliated investment entities. The application was filed on April 23, 2025, and amended on May 7, 2025, August 14, 2026, and October 6, 2026. An order granting the requested relief will be issued unless the Commission orders a hearing.

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