Securities and Exchange Commission
- [Investment Company Act Release No. 35510; File No. 812-15659]
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:
Coatue Innovation Fund, Coatue Management, L.L.C., Coatue Asia Fund LP, Coatue Cardinal Main Fund LP, Coatue Climate Tech Fund II LP, Coatue F1 LP, Coatue Growth Fund V-B LP, Coatue Growth Fund V LP, Coatue Offshore Master Fund, Ltd., Coatue SC V LP, Coatue Strategic Maple Long Only Fund LP, Coatue Structured Co-Investment Offshore Fund A LP, Coatue Structured Fund LP, and Coatue Tactical Solutions CT Fund B LP.
Filing Dates:
The application was filed on November 15, 2024 and amended on February 21, 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 April 21, 2025, 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: Claire Jen, Coatue Management, L.L.C., cjen@coatue.com, Nicole M. Runyan, P.C., Kirkland & Ellis LLP, nicole.runyan@kirkland.com, and Jessica L. Patrick, Kirkland & Ellis LLP, jessica.patrick@kirkland.com.
FOR FURTHER INFORMATION CONTACT:
Jill Ehrlich, Senior Counsel, or Lisa Reid Ragen, Branch Chief, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).