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www.eXFILE.com 888.775-4789 --- BLACKROCK -- SCHEDULE 13GA
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. 1)1
 
 
 
BlackRock Kelso Capital Corporation
(Name of Issuer)
 
COMMON STOCK
(Title of Class of Securities)
 
092533108
(CUSIP Number)
 
December 31, 2009
(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
   4,800,000
       
EACH
 7.   SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
   None
       
WITH:
 8.   SHARED DISPOSITIVE POWER
     
    4,800,000
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,800,000
     
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):
   
  8.50% 2
     
12.   TYPE OF REPORTING PERSON *
   
  CO
 
2 This percentage is based on 56,475,196 shares of Common Stock outstanding as of November 5, 2009, as set forth in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2009.
 
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
  
4,800,000
       
EACH
 7.   SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
   None
       
WITH:
 8.   SHARED DISPOSITIVE POWER
     
   
4,800,000
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
4,800,000
     
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):
   
  8.50% 3
     
12.   TYPE OF REPORTING PERSON *
   
  EP
 
3 This percentage is based on 56,475,196 shares of Common Stock outstanding as of November 5, 2009, as set forth in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2009.
 
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
  
4,800,000
       
EACH
 7.   SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
   None
       
WITH:
 8.   SHARED DISPOSITIVE POWER
     
   
4,800,000
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
4,800,000
     
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):
   
  8.50% 4
     
12.   TYPE OF REPORTING PERSON *
   
  IA, CO
 
4 This percentage is based on 56,475,196 shares of Common Stock outstanding as of November 5, 2009, as set forth in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2009.
 
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
   Disclaimed (see 9 below)
       
EACH
 7.   SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
   None
       
WITH:
 8.   SHARED DISPOSITIVE POWER
     
    Disclaimed (see 9 below)
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  Beneficial ownership of all shares disclaimed by General Electric Company
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
 
x   Disclaimed (see 9 above)
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  Not Applicable (see 9 above)
     
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. 1 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 (the "Schedule 13G").  Summer Street is the registered holder 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.  Summer Street, GEPT, GEAM and GE expressly disclaim that they are members of a "group."  GE disclaims 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
4,800,000
4,800,000
4,800,000
Disclaimed
 
(b)   Percent of class
8.50%
8.50%
8.50%
Disclaimed
 
(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
4,800,000
4,800,000
4,800,000
Disclaimed
 
(iii)  sole power to dispose or to direct disposition
None
None
None
None
 
(iv)  shared power to dispose or to direct disposition
4,800,000
4,800,000
4,800,000
Disclaimed

 
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.
 

 
 
 
 
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 12, 2010
 
 
     
  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 12, 2010
 
     
  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