90 FR 122 pgs. 27722-27723 - BIP Ventures Evergreen BDC, et al.
Type: NOTICEVolume: 90Number: 122Pages: 27722 - 27723
Pages: 27722, 27723Docket number: [Investment Company Act Release No. 35660; File No. 812-15782]
FR document: [FR Doc. 2025-11983 Filed 6-26-25; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35660; File No. 812-15782]
BIP Ventures Evergreen BDC, et al.
June 25, 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.
Applicants:
BIP Ventures Evergreen BDC, BIP Capital, LLC, BIP Capital Management Services, LLC, and certain of their affiliated entities as described in Appendix A to the application.
Filing Dates:
The application was filed on May 6, 2025, and amended on June 12, 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 Secretarys-Office@sec.gov 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 July 21, 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 Secretarys-Office@sec.gov.
ADDRESSES:
The Commission: Secretarys-Office@sec.gov. Applicants: Todd Knudsen, Chief Financial Officer, BIP Ventures Evergreen BDC, tknudsen@bipventures.vc; Kara Mullins, Senior Vice President, Finance, BIP Ventures, kmullins@bipventures.vc; and Blake E. Estes, Esq., Alston & Bird LLP, Blake.Estes@alston.com.
FOR FURTHER INFORMATION CONTACT:
Jill Ehrlich, Senior Counsel, or Adam Large, Senior Special Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION:
[top] For Applicants' representations, legal analysis, and conditions, please refer to
For the Commission, by the Division of Investment Management, under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-11983 Filed 6-26-25; 8:45 am]
BILLING CODE 8011-01-P