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Ardian Access LLC, et al.

---
identifier: "/us/fr/2025-13233"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Ardian Access LLC, et al."
title_number: 0
title_name: "Federal Register"
section_number: "2025-13233"
section_name: "Ardian Access LLC, et al."
positive_law: false
currency: "2025-07-15"
last_updated: "2025-07-15"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Securities and Exchange Commission"
document_number: "2025-13233"
document_type: "notice"
publication_date: "2025-07-15"
agencies:
  - "Securities and Exchange Commission"
fr_citation: "90 FR 31731"
fr_volume: 90
docket_ids:
  - "Investment Company Act Release No. 35674"
  - "File No. 812-15728"
fr_action: "Notice."
---

#  Ardian Access LLC, et al.

**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 registered closed-end management investment companies and business development companies to co-invest in portfolio companies with each other and with certain affiliated investment entities.

**Applicants:**

Ardian Access LLC, Ardian US LLC, ARDIAN Investment UK Limited, ARDIAN France, ARDIAN Investment Singapore Pte Ltd, ARDIAN Investment Switzerland AG, AA Blocker LLC, AA HoldCo LLC, and certain of their affiliated entities as described in Appendix A to the application.

**Filing Dates:**

The application was filed on March 21, 2025, and amended on April 25, 2025, June 24, 2025, and July 9, 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 *[email protected]* 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 August 5, 2025, 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 *[email protected].*

**ADDRESSES:**

The Commission: *[email protected].* Applicants: Michael Ferragamo, Ardian Access LLC, 1370 Avenue of the Americas, New York, NY 10019; Gregory Davis, Ropes & Gray, *[email protected];* Christopher Labosky, Ropes & Gray, *[email protected].*

**FOR FURTHER INFORMATION CONTACT:**

Adam Large, Senior Special Counsel, Kris Easter Guidroz, Senior Counsel, or Daniele Marchesani, Assistant Chief Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).

**SUPPLEMENTARY INFORMATION:**

For Applicants' representations, legal analysis, and conditions, please refer to Applicants' third amended application, filed July 9, 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 *https://www.sec.gov/edgar/searchedgar/companysearch.html.* You may also call the SEC's Office of Investor Education and Advocacy at (202) 551-8090.

For the Commission, by the Division of Investment Management, under delegated authority.

Sherry R. Haywood,

Assistant Secretary.