Barings Corporate Investors, et al.

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Investment Company Act Release No. 35826; File No. 812-15800] December 16, 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: Barings Corporate Investors, Barings Participation Investors, Barings Global Short Duration High Yield Fund, Barings Dynamic Credit Income Fund, Invesco Dynamic Credit Opportunity Fund, Barings BDC, Inc., Barings Private Credit Corporation, Barings Capital Investment Corporation, Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company, MassMutual Ascend Life Insurance Company, MassMutual Trad Private Equity LLC, Barings Finance LLC, BCF Europe Funding Limited, BCF Senior Funding I LLC, BCF Senior Funding I Designated Activity Company, Barings LLC, certain of their wholly-owned subsidiaries and joint ventures as described in Schedule A to the application, and certain of their affil…