0001573767-18-000004.txt : 20180214 0001573767-18-000004.hdr.sgml : 20180214 20180214110839 ACCESSION NUMBER: 0001573767-18-000004 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180214 DATE AS OF CHANGE: 20180214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WhiteHorse Finance, Inc. CENTRAL INDEX KEY: 0001552198 IRS NUMBER: 454247759 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-87102 FILM NUMBER: 18608886 BUSINESS ADDRESS: STREET 1: 1450 Brickell Avenue, 31st Floor CITY: Miami STATE: FL ZIP: 33131 BUSINESS PHONE: (305) 379-2322 MAIL ADDRESS: STREET 1: 1450 Brickell Avenue, 31st Floor CITY: Miami STATE: FL ZIP: 33131 FORMER COMPANY: FORMER CONFORMED NAME: WhiteHorse Finance, LLC DATE OF NAME CHANGE: 20120613 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HAMILTON LANE ADVISORS LLC CENTRAL INDEX KEY: 0001573767 IRS NUMBER: 232962336 STATE OF INCORPORATION: PA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE PRESIDENTIAL BOULEVARD STREET 2: 4TH FLOOR CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 415-365-1069 MAIL ADDRESS: STREET 1: ONE PRESIDENTIAL BOULEVARD STREET 2: 4TH FLOOR CITY: BALA CYNWYD STATE: PA ZIP: 19004 SC 13G 1 hla-whitehorse13g.htm SC 13G Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No._)


WHITEHORSE FINANCE, INC.
---------------------------------------
NAME OF ISSUER:


Common Stock (Par Value $0.001)
---------------------------------------
TITLE OF CLASS OF SECURITIES


96524V106
-------------------------------------
CUSIP NUMBER


December 31, 2017
---------------------------------------
(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)

[ ] Rule 13d-1(c)

[ ] Rule 13d-1(d)




EXPLANATORY NOTE

The Reporting Person is filing a combined report covering the years ended December 31, 2015, 2016 and 2017.

As of December 31, 2017

1.
NAME OF REPORTING PERSONS
 
Hamilton Lane Advisors, L.L.C.*

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 
(A)
[ ]
 
(B)
[ ]

3.
SEC USE ONLY

4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Pennsylvania

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5. SOLE VOTING POWER
731,654
6. SHARED VOTING POWER
442,908
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
0

9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,174,562

10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[ ]

11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7%

12.
TYPE OF REPORTING PERSON
 
IA


* The Reporting Person is a registered investment adviser that serves as the general partner of or investment manager to a number of client funds. Certain of these client funds are limited partners in H.I.G. Bayside Loan Opportunity Fund II, L.P. (the “H.I.G. Fund”), which owns Issuer common stock. The H.I.G. Fund passes through to its limited partners the right to




vote the shares. The Reporting Person, as the general partner of or investment manager to the client funds, votes these shares. No individual client fund holds 5.0% or more of the Issuer’s common stock.





Item 1(a).
Name of Issuer:
 
WHITEHORSE FINANCE, INC. (the "Issuer")

Item 1(b).
Address of Issuer's Principal Executive Offices:

 
1450 Brickell Avenue, 31st fl.
 
Miami, FL 33131
 
United States

Item 2(a).
Name of Person Filing:

 
This statement is filed on behalf of Hamilton Lane Advisors, L.L.C. ("Reporting Person").

Item 2(b).
Address of Principal Business Office or, if none, Residence:

 
One Presidential Blvd., 4th Floor
 
Bala Cynwyd, PA 19004
 
 

Item 2(c).
Citizenship:

 
The citizenship of the Reporting Person is set forth on the cover page.

Item 2(d).
Title of Class of Securities:

 
The title of the securities is common stock, $0.001 par value ("Common Stock").

Item 2(e).
CUSIP Number:

 
The CUSIP number of the Common Stock is set forth on the cover page.

Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 
(a)
[ ]
Broker or dealer registered under section 15 of the Act;

 
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act;





 
(c)
[ ]
Insurance Company as defined in section 3(a)(19) of the Act;

 
(d)
[ ]
Investment Company registered under section 8 of the Investment Company Act of 1940;

 
(e)
[X]
An investment adviser in accordance with Rule 13d-1(b) (1)(ii)(E);

 
(f)
[ ]
An employee benefit plan, or endowment fund in accordance with Rule 13d-1 (b)(1)(ii)(F);

 
(g)
[ ]
parent holding company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G);

 
(h)
[ ]
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act;

 
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 
(j)
[ ]
A non-U.S. institution in accordance with Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

 
(k)
[ ]
Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

Item 4.
Ownership.

 
(a)
Amount beneficially owned:

 
1,174,562

 
(b)
Percent of class:

 
5.7%

 
(a)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:
 
 
731,654

 
(ii)
shared power to vote or to direct the vote:
 
 
442,908







 
(iii)
sole power to dispose or to direct the disposition of:
 
 
0

 
(iv)
shared power to dispose or to direct the disposition of:
 
 
0

Item 5.
Ownership of Five Percent or Less of a Class.
 
Not applicable.


Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
 
Not applicable.

Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.

Item 9.
Notice of Dissolution of Group.
 
Not applicable.

Item 10.
Certification.

By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above 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.




As of December 31, 2016
 

1.
NAME OF REPORTING PERSONS
 
Hamilton Lane Advisors, L.L.C.*

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 
(A)
[ ]
 
(B)
[ ]

3.
SEC USE ONLY

4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Pennsylvania

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5. SOLE VOTING POWER
731,654
6. SHARED VOTING POWER
442,908
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
0

9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,174,562

10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[ ]

11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
6.4%

12.
TYPE OF REPORTING PERSON
 
IA.


* The Reporting Person is a registered investment adviser that serves as the general partner of or investment manager to a number of client funds. Certain of these client funds are limited partners in H.I.G. Bayside Loan Opportunity Fund II, L.P. (the “H.I.G. Fund”), which owns Issuer common stock. The H.I.G. Fund passes through to its limited partners the right to vote the shares. The Reporting Person, as the general partner of or investment manager to the client funds, votes these shares. No individual client fund holds 5.0% or more of the Issuer’s common stock.






Item 1(a).
Name of Issuer:
 
WHITEHORSE FINANCE, INC. (the "Issuer")

Item 1(b).
Address of Issuer's Principal Executive Offices:

 
1450 Brickell Avenue, 31st fl.
 
Miami, FL 33131
 
United States

Item 2(a).
Name of Person Filing:

 
This statement is filed on behalf of Hamilton Lane Advisors, L.L.C. ("Reporting Person").

Item 2(b).
Address of Principal Business Office or, if none, Residence:

 
One Presidential Blvd., 4th Floor
 
Bala Cynwyd, PA 19004
 
 

Item 2(c).
Citizenship:

 
The citizenship of the Reporting Person is set forth on the cover page.

Item 2(d).
Title of Class of Securities:

 
The title of the securities is common stock, $0.001 par value ("Common Stock").

Item 2(e).
CUSIP Number:

 
The CUSIP number of the Common Stock is set forth on the cover page.

Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 
(a)
[ ]
Broker or dealer registered under section 15 of the Act;

 
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act;





 
(c)
[ ]
Insurance Company as defined in section 3(a)(19) of the Act;

 
(d)
[ ]
Investment Company registered under section 8 of the Investment Company Act of 1940;

 
(e)
[X]
An investment adviser in accordance with Rule 13d-1(b) (1)(ii)(E);

 
(f)
[ ]
An employee benefit plan, or endowment fund in accordance with Rule 13d-1 (b)(1)(ii)(F);

 
(g)
[ ]
parent holding company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G);

 
(h)
[ ]
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act;

 
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 
(j)
[ ]
A non-U.S. institution in accordance with Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

 
(k)
[ ]
Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

Item 4.
Ownership.

 
(a)
Amount beneficially owned:

 
1,174,562

 
(b)
Percent of class:

 
6.4%

 
(a)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:
 
 
731,654

 
(ii)
shared power to vote or to direct the vote:
 
 
442,908







 
(iii)
sole power to dispose or to direct the disposition of:
 
 
0

 
(iv)
shared power to dispose or to direct the disposition of:
 
 
0

Item 5.
Ownership of Five Percent or Less of a Class.
 
Not applicable.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
 
Not applicable.

Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.

Item 9.
Notice of Dissolution of Group.
 
Not applicable.

Item 10.
Certification.

By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above 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.




As of December 31, 2015

1.
NAME OF REPORTING PERSONS
 
Hamilton Lane Advisors, L.L.C.*

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 
(A)
[ ]
 
(B)
[ ]

3.
SEC USE ONLY

4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Pennsylvania

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5. SOLE VOTING POWER
521,212
6. SHARED VOTING POWER
442,908
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
0

9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
964,120

10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[ ]

11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.3%

12.
TYPE OF REPORTING PERSON
 
IA


* The Reporting Person is a registered investment adviser that serves as the general partner of or investment manager to a number of client funds. Certain of these client funds are limited partners in H.I.G. Bayside Loan Opportunity Fund II, L.P. (the “H.I.G. Fund”), which owns Issuer common stock. The H.I.G. Fund passes through to its limited partners the right to vote the shares. The Reporting Person, as the general partner of or investment manager to the client funds, votes these shares. No individual client fund holds 5.0% or more of the Issuer’s common stock.







Item 1(a).
Name of Issuer:
 
WHITEHORSE FINANCE, INC. (the "Issuer")

Item 1(b).
Address of Issuer's Principal Executive Offices:

 
1450 Brickell Avenue, 31st fl.
 
Miami, FL 33131
 
United States

Item 2(a).
Name of Person Filing:

 
This statement is filed on behalf of Hamilton Lane Advisors, L.L.C. ("Reporting Person").

Item 2(b).
Address of Principal Business Office or, if none, Residence:

 
One Presidential Blvd., 4th Floor
 
Bala Cynwyd, PA 19004
 
 

Item 2(c).
Citizenship:

 
The citizenship of the Reporting Person is set forth on the cover page.

Item 2(d).
Title of Class of Securities:

 
The title of the securities is common stock, $0.001 par value ("Common Stock").

Item 2(e).
CUSIP Number:

 
The CUSIP number of the Common Stock is set forth on the cover page.

Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 
(a)
[ ]
Broker or dealer registered under section 15 of the Act;

 
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act;





 
(c)
[ ]
Insurance Company as defined in section 3(a)(19) of the Act;

 
(d)
[ ]
Investment Company registered under section 8 of the Investment Company Act of 1940;

 
(e)
[X]
An investment adviser in accordance with Rule 13d-1(b) (1)(ii)(E);

 
(f)
[ ]
An employee benefit plan, or endowment fund in accordance with Rule 13d-1 (b)(1)(ii)(F);

 
(g)
[ ]
parent holding company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G);

 
(h)
[ ]
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act;

 
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 
(j)
[ ]
A non-U.S. institution in accordance with Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

 
(k)
[ ]
Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

Item 4.
Ownership.

 
(a)
Amount beneficially owned:

 
964,120

 
(b)
Percent of class:

 
5.3%

 
(a)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:
 
 
521,212

 
(ii)
shared power to vote or to direct the vote:
 
 
442,908





 
(iii)
sole power to dispose or to direct the disposition of:
 
 
0

 
(iv)
shared power to dispose or to direct the disposition of:
 
 
0

Item 5.
Ownership of Five Percent or Less of a Class.
 
Not applicable.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
 
Not applicable.

Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.

Item 9.
Notice of Dissolution of Group.
 
Not applicable.

Item 10.
Certification.

By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above 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.






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.

Dated: February 14, 2018





 
Hamilton Lane Advisors, L.L.C.
 
By:
/s/ Lydia A. Gavalis
 
Name:
Lydia A. Gavalis
 
Title:
General Counsel and Secretary