SEC Company Response from AIP Alternative Lending Fund A (CIK 0001709447) — Jan 29, 2020
AIP Alternative Lending Fund A (CIK 0001709447)
Date: Jan. 29, 2020 · CIK: 0001709447 · Accession: 0001133228-20-000331
AI Filing Summary & Sentiment
File numbers found in text: 333-234139, 811-23265
Letter
Securities and Exchange Commission Attn: Ryan Sutcliffe, Counsel Ken Ellington, Staff Accountant Re: AIP Alternative Lending Fund A (File Nos. 333-234139 and 811-23265)
Dear Mr. Sutcliffe and Mr. Ellington:
We are writing in response to comments provided telephonically on January 29, 2020 with respect to the registration statement filed on Form N-2 under the Securities Act of 1933, as amended (“Securities Act”), and the Investment Company Act of 1940, as amended (“1940 Act”) on January 28, 2020 on behalf of AIP Alternative Lending Fund A (the “Fund”), a closed-end investment company. The Fund has considered your comments and has authorized us to make the responses and changes discussed below to the registration statement on its behalf.
On behalf of the Fund, set forth below are the Staff’s comments along with our responses to or any supplemental explanations of such comments, as requested.
Accounting Comments
Comment 1. The fee table for the Fund lists the “Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement” as 3.81% whereas the “Financial Highlights” section lists the “Ratio of total expenses before expense waivers and reimbursements” as 4.12%. Please provide an explanation for this discrepancy.
Response 1. We respectfully acknowledge your comment. As discussed with the Staff, we note that for this filing, the Fund excluded offering costs from the fee table calculations, as we believe such expenses constitute a one-time fee and are not indicative of future expenses.
* * * * *
If you have any questions, please feel free to contact me at (212) 698-3526.
Very truly yours,
/s/ Jeremy Senderowicz
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filename1.htm
1095 Avenue
of the Americas
New York, NY 10036-6797
+1 212 698
3500 Main
+1 212 698
3599 Fax
www.dechert.com
January 29, 2020
Securities and Exchange Commission
Judiciary Plaza
100 F Street, N.E.
Washington, D.C. 20549
Attn:
Ryan Sutcliffe, Counsel
Ken Ellington, Staff Accountant
Re:
AIP Alternative Lending Fund A
(File Nos. 333-234139 and 811-23265)
Dear Mr. Sutcliffe and Mr. Ellington:
We are writing in response
to comments provided telephonically on January 29, 2020 with respect to the registration statement filed on Form N-2 under the
Securities Act of 1933, as amended (“Securities Act”), and the Investment Company Act of 1940, as amended (“1940
Act”) on January 28, 2020 on behalf of AIP Alternative Lending Fund A (the “Fund”), a closed-end investment company. The Fund has considered your comments and has authorized us to
make the responses and changes discussed below to the registration statement on its behalf.
On behalf of the Fund, set
forth below are the Staff’s comments along with our responses to or any supplemental explanations of such comments, as requested.
Accounting Comments
Comment 1.
The fee table for the Fund lists the “Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement” as 3.81% whereas the “Financial Highlights” section lists the “Ratio of total expenses before expense waivers and reimbursements” as 4.12%. Please provide an explanation for this discrepancy.
Response 1.
We respectfully acknowledge your comment. As discussed with the Staff, we note that for this filing, the Fund excluded offering costs from the fee table calculations, as we believe such expenses constitute a one-time fee and are not indicative of future expenses.
* * * * *
If you have any questions,
please feel free to contact me at (212) 698-3526.
Very truly yours,
/s/ Jeremy Senderowicz
Jeremy Senderowicz