Securities and Exchange Commission
- [Investment Company Act Release No. 34914; File No. 812-15396]
AGENCY:
Securities and Exchange Commission (“Commission” or “SEC”).
ACTION:
Notice.
Notice of application for an order (“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 and closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities.
APPLICANTS:
JPMorgan Private Markets Fund; J.P. Morgan Investment Management Inc.; Courier Private Equity Fund L.P.; Florida Sunshine State Fund L.P.; PEG Aggregator 2022 L.P.; PEG Aggregator 2023 L.P.; PEG Co-Investment Fund L.P.; PEG Global Private Equity VIII L.P.; PEG Global Private Equity IX L.P.; PEG Global Private Equity X (HOLDING) L.P.; PEG Global Private Equity XI (HOLDING) L.P.; PEG HO Private Equity Fund L.P.; PEG U.S. Corporate Finance VII L.P.; PEG Venture Capital VI L.P.; PEG Welborn Private Equity Fund L.P.; PEG Z Global Private Equity Fund L.P.; Red River Venture Capital Fund II L.P.; UISIF Private Equity Fund L.P.; Teamsters Joint Council No. 83 Of Virginia Pension Fund Private Equity Fund L.P.; 2018 Private Equity Fund L.P.
FILING DATES:
The application was filed on October 13, 2022, and amended on January 13, 2023 and March 29, 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 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 June 5, 2023, and should be accompanied by proof of service on 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: Carmine Lekstutis, carmine.lekstutis@jpmorgan.com; Rajib Chanda, rajib.chanda@stblaw.com; Ryan P. Brizek, ryan.brizek@stblaw.com.
FOR FURTHER INFORMATION CONTACT:
Shayna Gilmore, Senior Counsel, or Terri G. Jordan, Branch Chief, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).