295 Madison Avenue, 6th Floor
New York, NY 10017
July 20, 2017
VIA EDGAR
James E. O’Connor
Kathy Churko
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549-4041
| Re: | KCAP Financial, Inc. |
Pre-Effective Amendment No. 1 to Registration Statement on Form N-2
File No. 333-218596
Dear Mr. O’Connor and Ms. Churko:
On behalf of KCAP Financial, Inc. (the “Registrant”) and pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, I hereby request acceleration of the effective date of the Pre-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 to 12:00 p.m. Eastern Time on July 21, 2017, or as soon thereafter as is practicable.
Should you have any questions concerning this request, please contact me at (212) 455-8300 or, our counsel, Harry Pangas at Eversheds Sutherland (US) LLP at (202) 383-0805.
| Sincerely, | |
| KCAP Financial, Inc. | |
| By: /s/ Dayl W. Pearson | |
| Name: Dayl W. Pearson | |
| Title: President and Chief Executive Officer |