Sec Form 13G Filing - Summer Street BRK Investors LLC filing for BlackRock Capital Investment Corp (BKCC) - 2011-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 2)1
 
BlackRock Kelso Capital Corporation

(Name of Issuer)
 
COMMON STOCK

(Title of Class of Securities)
 
092533108

(CUSIP Number)
 
December 31, 2010

(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
x      Rule 13d-1(b)
 
o      Rule 13d-1(c)
 
o      Rule 13d-1(d)
________________________________
1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 


 
Page 1 of 8 Pages
 
CUSIP No. 092533108
 
Page 2 of 8
 
           
1.   NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
Summer Street BRK Investors, LLC
I.R.S. # 14-6015763
   
 
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
 
(a)   o
 
(b)  x
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  State of Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF
  None
       
SHARES
6.   SHARED VOTING POWER
BENEFICIALLY
   
OWNED BY
  0
       
EACH
7.   SOLE DISPOSITIVE POWER
REPORTING
   
PERSON
  None
       
WITH:
8.   SHARED DISPOSITIVE POWER
     
    0
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  0
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
 
(SEE INSTRUCTIONS)               o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.00%
     
12.   TYPE OF REPORTING PERSON *
   
  CO
 
 
 
Page 2 of 8 Pages

 
CUSIP No. 092533108
 
Page 3 of 8
 
           
1.   NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
Trustees of General Electric Pension Trust
I.R.S. # 14-6015763
   
 
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
 
(a)   o
 
(b)  x
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  State of New York
       
  5.   SOLE VOTING POWER
     
NUMBER OF
  None
       
SHARES
6.   SHARED VOTING POWER
BENEFICIALLY
   
OWNED BY
 
0
       
EACH
7.   SOLE DISPOSITIVE POWER
REPORTING
   
PERSON
  None
       
WITH:
8.   SHARED DISPOSITIVE POWER
     
   
0
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
0
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
 
(SEE INSTRUCTIONS)               o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.00%
     
12.   TYPE OF REPORTING PERSON *
   
  EP
 
 
Page 3 of 8 Pages

 
CUSIP No. 092533108
 
Page 4 of 8
 
           
1.   NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
GE Asset Management Incorporated
I.R.S. # 06-1238874
   
 
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
 
(a)   o
 
(b)  x
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  State of Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF
  None
       
SHARES
6.   SHARED VOTING POWER
BENEFICIALLY
   
OWNED BY
 
0
       
EACH
7.   SOLE DISPOSITIVE POWER
REPORTING
   
PERSON
  None
       
WITH:
8.   SHARED DISPOSITIVE POWER
     
   
0
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
0
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
 
(SEE INSTRUCTIONS)               o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.00%
     
12.   TYPE OF REPORTING PERSON *
   
  IA, CO
 
 
Page 4 of 8 Pages

 
CUSIP No. 092533108
 
Page 5 of 8
 
           
1.   NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
General Electric Company
I.R.S. # 14-0689340
   
 
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
 
(a)   o
 
(b)  x
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  State of New York
       
  5.   SOLE VOTING POWER
     
NUMBER OF
  None
       
SHARES
6.   SHARED VOTING POWER
BENEFICIALLY
   
OWNED BY
  0
       
EACH
7.   SOLE DISPOSITIVE POWER
REPORTING
   
PERSON
  None
       
WITH:
8.   SHARED DISPOSITIVE POWER
     
    0
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  0
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
 
(SEE INSTRUCTIONS)               o   
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.00%
     
12.   TYPE OF REPORTING PERSON *
   
  CO
 
* SEE INSTRUCTIONS BEFORE FILING OUT!
 
 
Page 5 of 8 Pages

 
CUSIP No. 092533108
 
Page 6 of 8

INTRODUCTORY NOTE:  This Amendment No. 2 amends the Schedule 13G filed on behalf of Summer Street BRK Investors, LLC, a Delaware limited liability company (Summer Street), General Electric Pension Trust, a trust organized under the laws of the State of New York (“GEPT”), General Electric Company, a New York corporation (“GE”), and GE Asset Management Incorporated, a Delaware corporation and a wholly owned subsidiary of GE (“GEAM” and together with Summer Street, GEPT and GE, the “Reporting Persons”) on February 19, 2009, as amended on February 12, 2010 (the “Schedule 13G”).  Summer Street was the registered hold er of shares of Common Stock of the Issuer.  GEPT is the sole member of Summer Street.  GEAM is a registered investment adviser and acts as Manager of Summer Street and investment manager for GEPT.  GEAM may previously have been deemed to be the beneficial owner of 4,800,000 shares of Common Stock of the Issuer owned by Summer Street, of 4,800,000 shares of Common Stock of the Issuer owned by GEPT, and of 4,800,000 shares of Common Stock of the Issuer owned by such other entities and accounts.  Summer Street, GEPT, GEAM and GE expressly disclaim that they are members of a “group.”  GE disclaimed beneficial ownership of all shares.

The Items from the Schedule 13G are hereby amended to read as follows:
 
Item 4
Ownership
 
 
Summer Street
 
GEPT
 
GEAM
 
GE
 
(a)   Amount beneficially owned
 
0
 
0
 
0
 
0
 
(b)   Percent of class
 
0.00%
 
0.00%
 
0.00%
 
0.00%
 
(c)   No. of shares to which person has
 
       
(i)   sole power to vote or direct the vote
 
None
 
None
 
None
 
None
 
(ii)   shared power to vote or direct the vote
 
0
 
0
 
0
 
0
 
(iii)   sole power to dispose or to direct disposition
 
None
 
None
 
None
 
None
 
(iv)   shared power to dispose or to direct disposition
 
0
 
0
 
0
 
0
 
 
Item 5
Ownership of Five Percent or Less of a Class
 
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following   x.
 
Item 10
Certification
 
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect other than activities solely in connection with a nomination under §240.14a-11.
 
 
Page 6 of 8 Pages

 
CUSIP No. 092533108
 
Page 7 of 8
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:               February 14, 2011
 
 
     
  SUMMER STREET BRK INVESTORS, LLC
 
 
By:  
GE Asset Management Incorporated, its Manager

 
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
  GENERAL ELECTRIC PENSION TRUST
 
 
By:  
GE Asset Management Incorporated, its Investment Manager

 
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
 
GE ASSET MANAGEMENT INCORPORATED
 
 
   
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
 
GENERAL ELECTRIC COMPANY
 
 
   
  By:   /s/ James W. Ireland III
 
Name:   James W. Ireland III
  Title:     Vice President 

 
 
 
Page 7 of 8 Pages

CUSIP No. 092533108
 
Page 8 of 8
 
  Schedule I


JOINT FILING AGREEMENT
 
 
This will confirm the agreement by and between all the undersigned that the Schedule 13G on or about this date and any amendments thereto with respect to the beneficial ownership by the undersigned of shares of the Common Stock of BlackRock Capital Corporation is being filed on behalf of each of the undersigned.
 
Date:               February 14, 2011
 
     
  SUMMER STREET BRK INVESTORS, LLC
 
 
By:  
GE Asset Management Incorporated, its Manager

 
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
  GENERAL ELECTRIC PENSION TRUST
 
 
By:  
GE Asset Management Incorporated, its Investment Manager

 
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
 
GE ASSET MANAGEMENT INCORPORATED
 
 
   
  By:   /s/ Michael M. Pastore
 
Name:   Michael M. Pastore
  Title:     Senior Vice President - Deputy Gen. Counsel & Asst. Secretary
 
     
 
GENERAL ELECTRIC COMPANY
 
 
   
  By:   /s/ James W. Ireland III
 
Name:   James W. Ireland III
  Title:     Vice President 
 
 
 
Page 8 of 8 Pages