Onex Direct Lending BDC Fund, et al.

<NOTICE> SECURITIES AND EXCHANGE COMMISSION <DEPDOC>[Investment Company Act Release No. 35822; File No. 812-15856]</DEPDOC> <SUBJECT>Onex Direct Lending BDC Fund, et al.</SUBJECT> <DATE>December 16, 2025.</DATE> <HD SOURCE="HED">AGENCY:</HD> Securities and Exchange Commission (“Commission” or “SEC”). <HD SOURCE="HED">ACTION:</HD> 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. <HD SOURCE="HED">SUMMARY OF APPLICATION:</HD> 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. <HD SOURCE="HED">APPLICANTS:</HD> Onex Direct Lending BDC Fund, Onex Credit Advisor, LLC, Onex Credit Partners, LLC, Onex Credit Management LLC, Onex Credit Partners Europe LLP and certain of their affiliated entities as described in Appendix A to the application. <HD SOURCE="HED">FILING DATES:</HD> The application was filed on July 16, 2025, and amended on December 11, 2025. <HD SOURCE="HED">HEARING OR NOTIFICATION OF HEARING:</HD> 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 <E T="03">Secretarys-Office@sec.gov</E> 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 January 12, 2026, 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 <E T="03">Secretarys-Office@sec.gov.</E> <HD SOURCE="HED">ADDRESSES:</HD> The Commission: <E T="03">Secretarys-Office@sec.gov.</E> Applicants: Zachary Drozd, <E T="03">zdrozd@onex.com</E> and <E T="03">mreilly@onex.com;</E> Rajib Chanda, Steven Grigoriou and Andrew Jones, Simpson Thacher & Bartlett LLP, <E T="03">rajib.chanda@stblaw.com, steven.grigoriou@stblaw.com,</E> and <E T="03">andrew.jones@stblaw.com.</E> <FURINF> <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD> Adam Large, Senior Special Counsel or Laura Solomon, Senior Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office). </FURINF> <SUPLINF> <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD> For Applicants' representations, legal analysis, and conditions, please refer to Applicants' amended application, filed December 11, 2025, which may be obtained via the Commission's website by searching for the file number at the top of this document, or for an Applicant using the Company name search field, on the SEC's EDGAR system. The SEC's EDGAR system may be searched at <E T="03">https://www.sec.gov/edgar/searchedgar/companysearch.html.</E> You may also call the SEC's Office of Investor Education and Advocacy at (202) 551-8090. <SIG> For the Commission, by the Division of Investment Management, under delegated authority. <NAME>Sherry R. Haywood,</NAME> Assistant Secretary. </SIG> </SUPLINF> <FRDOC>[FR Doc. 2025-23395 Filed 12-18-25; 8:45 am]</FRDOC> </NOTICE>