Tender Offer - SEI Structured Credit Fund, LP
Form Type: SC TO-I/A
Filing Date: 2025-05-21
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425010011
Filing Summary: SEI Structured Credit Fund, LP filed a Tender Offer Statement on Schedule TO, specifically Amendment No. 2, addressing their offer to purchase limited partnership interests from investors. The tender offer initially was published on December 19, 2024, aiming to buy up to $82.5 million worth of interests at the net asset value as of March 31, 2025. The offer period ended on January 23, 2025, and the demand surpassed $82,500,000, resulting in the offer being oversubscribed. Consequently, the fund accepted an additional amount of $4,697,183.95. On a pro-rata basis, about 90.23% of interests tendered by investors were accepted for payment. This document reflects the final reporting amendments required under the Exchange Act, reaffirming details previously disclosed and clarifying the acceptance of tenders above the initial offer limit.
Additional details:
Transaction Valuation: 82500000
Amount Of Filing Fee: 12630.75
Amount Previously Paid: 12630.75
Additional Interests Accepted: 4697183.95
Total Amount Accepted: 87197183.95
Percentage Of Interests Accepted: 90.23
Form Type: SC TO-I/A
Filing Date: 2025-04-24
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425007623
Filing Summary: This document amends and supplements the Tender Offer Statement on Schedule TO originally filed by SEI Structured Credit Fund, LP on December 19, 2024. The Fund is offering to purchase up to $82.5 million of limited partner interests from its investors for cash, based on the net asset value as of the valuation date, March 31, 2025. The tender offer was oversubscribed, with more than $82,500,000 in interests tendered, leading to a pro rata acceptance of approximately 90.23% of the interests tendered. The offer was terminated on January 23, 2025, and the amendment satisfies reporting requirements under Rule 13e-(4)(c)(4) of the Securities Exchange Act of 1934. The amendment reflects the intent to finalize the tender offer process and provide details regarding the outcomes of the tenders.
Additional details:
Transaction Valuation: $82,500,000.00
Amount Of Filing Fee: $12,630.75
Previously Paid: $12,630.75
Filing Party: SEI Structured Credit Fund, LP
Date Filed: 2024-12-19
Purchase Percentage: 90.23%
Form Type: SC TO-I
Filing Date: 2025-03-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425006047
Filing Summary: SEI Structured Credit Fund, LP has filed a Tender Offer Statement under Section 14(d)(1) and Section 13(e)(1) of the Securities Exchange Act of 1934. The Fund is seeking to repurchase limited partnership interests for a total amount not exceeding $82,500,000, scheduled to expire on April 24, 2025, unless extended. The purchase price will be based on the net asset value at the close of business on June 30, 2025. As of February 28, 2025, there were approximately $1.723 billion of interests outstanding, which are not traded in any market. The filing outlines that the Fund plans to repurchase Interests from investors based on the recommendations of its investment adviser, SEI Investments Management Corporation. The transaction will have an associated filing fee of $12,630.75 calculated based on the transaction valuation. The document references several other important sections, including the Cover Letter, Summary Term Sheet, and various sections of the Offer to Purchase, which provide additional details on the terms of the Offer and conditions under which it can be executed.
Additional details:
Transaction Valuation: $82,500,000
Amount Of Filing Fee: $12,630.75
Scheduled Expiration Date: 2025-04-24
Net Asset Value Date: 2025-06-30
Outstanding Interests Value: $1.723 billion
Form Type: SC TO-I/A
Filing Date: 2025-01-28
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425001246
Filing Summary: This document is an amendment to the Tender Offer Statement on Schedule TO filed by SEI Structured Credit Fund, LP. It relates to the offer by the Fund to purchase an amount of limited partner interests up to $83.4 million from investors for cash, based on the net asset value of the interests properly tendered as of December 31, 2024. The Offer to Purchase was dated September 25, 2024, and the related Letter of Transmittal constitutes the Offer. The Offer was set to terminate at 5:00 p.m. Eastern time on October 24, 2024. The Fund accepted the interests tendered at a net asset value totaling $47,221,232.34 as determined as of the valuation date.
Additional details:
Transaction Valuation: $83,400,000.00
Amount Of Filing Fee: $12,309.84
Date Tender Offer First Published: 2024-09-23
Offer Price: net asset value as of December 31, 2024
Termination Time: 5:00 p.m. Eastern time on October 24, 2024
Accepted Interests Value: $47,221,232.34
Form Type: SC TO-I
Filing Date: 2024-12-19
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834424023399
Filing Summary: The SEI Structured Credit Fund, LP is conducting a tender offer for its limited partnership interests. The transaction valuation is set at $82,500,000 with a filing fee of $12,630.75. The offer, published on December 19, 2024, seeks to purchase interests based on their net asset value as of March 31, 2025. The offer expires on January 23, 2025, unless extended. The interests involved are not publicly traded and are governed by the Fund's Partnership Agreement. There are no alternative financing plans, and the offer is expected to be financed through existing or new investor contributions. No directors or officers hold interests in the fund, and no solicitations or recommendations have been made concerning the offer.
Additional details:
Tender Offer Price: not specified
Percentage Spun Off: not applicable
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