83 FR 9569 - Sunshine Act Meetings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 44 (March 6, 2018)

Page Range		9569-9570
FR Document		2018-04607

Federal Register, Volume 83 Issue 44 (Tuesday, March 6, 2018)

[Federal Register Volume 83, Number 44 (Tuesday, March 6, 2018)]
[Notices]
[Pages 9569-9570]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-04607]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE: 2:00 p.m. on Thursday, March 8, 2018.

PLACE: Closed Commission Hearing Room 10800.

STATUS: This meeting will be closed to the public.

MATTERS TO BE CONSIDERED: Commissioners, Counsel to the Commissioners, 
the Secretary to the Commission, and recording secretaries will attend 
the closed meeting. Certain staff members who have an interest in the 
matters also may be present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10), 
permit consideration of the scheduled matters at the closed meeting.
    Commissioner Peirce, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matters of the closed meeting will be:
    Institution and settlement of injunctive actions;

[[Page 9570]]

    Institution and settlement of administrative proceedings;
    Resolution of litigation claims;
    Litigation matter; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.

CONTACT PERSON FOR MORE INFORMATION: For further information and to 
ascertain what, if any, matters have been added, deleted or postponed; 
please contact Brent J. Fields from the Office of the Secretary at 
(202) 551-5400.

    Dated: March 1, 2018.
Lynn M. Powalski,
Deputy Secretary.
[FR Doc. 2018-04607 Filed 3-2-18; 11:15 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 44 / Tuesday, March 6, 2018 / Notices 9569

Funds’ outstanding investments Advisers under their respective advisory 15. Each Regulated Fund’s chief
immediately preceding the Follow-On agreements with the Co-Investment compliance officer, as defined in rule
Investment; and Affiliates and the Regulated Funds, be 38a–1(a)(4), will prepare an annual
(ii) the aggregate amount shared by the participating Co- report for its Board that evaluates (and
recommended by the Alcentra/Dreyfus Investment Affiliates and the documents the basis of that evaluation)
Adviser to be invested by each participating Regulated Funds in the Regulated Fund’s compliance with
Regulated Fund in the Follow-On proportion to the relative amounts of the the terms and conditions of the
Investment, together with the amount securities held or being acquired or application and the procedures
proposed to be invested by the disposed of, as the case may be. established to achieve such compliance.
participating Co-Investment Affiliates in 16. The Advisers to the Regulated
13. Any transaction fee 13 (including
the same transaction, exceeds the Funds and Co-Investment Affiliates will
amount of the opportunity, then the break-up or commitment fees but
excluding broker’s fees contemplated by maintain written policies and
amount to be invested by each such procedures reasonably designed to
party will be allocated among them pro section 17(e) or 57(k) of the Act, as
applicable) received in connection with ensure compliance with the foregoing
rata based on each participating party’s conditions. These policies and
capital available for investment in the a Co-Investment Transaction will be
distributed to the participating Co- procedures will require, among other
asset class being allocated, up to the things, that each of the Advisers to each
amount proposed to be invested by Investment Affiliates and Regulated
Funds on a pro rata basis based on the Regulated Fund will be notified of all
each. Potential Co-Investment Transactions
(d) The acquisition of Follow-On amount they each invested or
committed, as the case may be, in such that fall within a Regulated Fund’s then-
Investments as permitted by this current Objectives and Strategies and
condition will be considered a Co- Co-Investment Transaction. If any
transaction fee is to be held by an will be given sufficient information to
Investment Transaction for all purposes make its independent determination
and subject to the other conditions set Adviser pending consummation of the
transaction, the fee will be deposited and recommendations under conditions
forth in the application. 1, 2(a), 7 and 8.
9. The Independent Directors of each into an account maintained by the
Regulated Fund will be provided Adviser at a bank or banks having the For the Commission, by the Division of
quarterly for review all information qualifications prescribed in section Investment Management, under delegated
26(a)(1) of the Act, and the account will authority.
concerning Potential Co-Investment
Transactions and Co-Investment earn a competitive rate of interest that Eduardo A. Aleman,
Transactions, including investments will also be divided pro rata among the Assistant Secretary.
made by the Co-Investment Affiliates participating Co-Investment Affiliates [FR Doc. 2018–04447 Filed 3–5–18; 8:45 am]
and the other Regulated Funds that the and Regulated Funds based on the BILLING CODE 8011–01–P
Regulated Fund considered but declined amount each invests in such Co-
to participate in, so that the Investment Transaction. None of the Co-
Independent Directors may determine Investment Affiliates, the Regulated SECURITIES AND EXCHANGE
whether all investments made during Funds, the Advisers nor any affiliated COMMISSION
the preceding quarter, including those person of the Regulated Funds or Co-
investments that the Regulated Fund Investment Affiliates will receive Sunshine Act Meetings
considered but declined to participate additional compensation or
TIME AND DATE: 2:00 p.m. on Thursday,
in, comply with the conditions of the remuneration of any kind as a result of
March 8, 2018.
Order. In addition, the Independent or in connection with a Co-Investment
Transaction (other than (a) in the case PLACE: Closed Commission Hearing
Directors will consider at least annually
the continued appropriateness for the of the Co-Investment Affiliates and the Room 10800.
Regulated Fund of participating in new Regulated Funds, the pro rata STATUS: This meeting will be closed to
and existing Co-Investment transaction fees described above and the public.
Transactions. fees or other compensation described in MATTERS TO BE CONSIDERED:
10. Each Regulated Fund will condition 2(c)(iii)(C), and (b) in the case Commissioners, Counsel to the
maintain the records required by section of the Advisers, investment advisory Commissioners, the Secretary to the
57(f)(3) of the Act as if each of the fees paid in accordance with their Commission, and recording secretaries
Regulated Funds were a BDC and each respective investment advisory will attend the closed meeting. Certain
of the investments permitted under agreements with the Regulated Funds staff members who have an interest in
these conditions were approved by the and Co-Investment Affiliates). the matters also may be present.
Required Majority under section 57(f) of 14. If the Holders own in the aggregate The General Counsel of the
the Act. more than 25 percent of the Shares of Commission, or his designee, has
11. No Independent Director of a a Regulated Fund, then the Holders will certified that, in his opinion, one or
Regulated Fund will also be a director, vote such Shares as directed by an more of the exemptions set forth in 5
general partner, managing member or independent third party when voting on U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
principal, or otherwise an ‘‘affiliated (1) the election of directors; (2) the and (10) and 17 CFR 200.402(a)(3),
person’’ (as defined in the Act), of any removal of one or more directors; or (3) (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
Co-Investment Affiliate. all other matters under either the Act or (a)(10), permit consideration of the
12. The expenses, if any, associated
sradovich on DSK3GMQ082PROD with NOTICES

applicable State law affecting the scheduled matters at the closed meeting.
with acquiring, holding or disposing of Commissioner Peirce, as duty officer,
Board’s composition, size, or manner of
any securities acquired in a Co- voted to consider the items listed for the
election.
Investment Transaction (including, closed meeting in closed session.
without limitation, the expenses of the 13 Applicants are not requesting and the staff is
The subject matters of the closed
distribution of any such securities not providing any relief for transaction fees
meeting will be:
registered for sale under the 1933 Act) received in connection with any Co-Investment Institution and settlement of
will, to the extent not payable by the Transaction. injunctive actions;

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Document Created: 2018-11-01 08:49:35
Document Modified: 2018-11-01 08:49:35

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Dates		2:00 p.m. on Thursday, March 8, 2018.
FR Citation		83 FR 9569