March 14, 2018
VIA EDGAR
Mr. James E. O’Connor, Esq.
Senior Counsel – Disclosure Review Office
Division of Investment Management
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
| RE: | Saratoga Investment Corp. |
| Registration Statement on FormN-2 |
| Post-Effective Amendment No. 5 |
| (FileNo. 333-216344) |
Dear Mr. O’Connor:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Saratoga Investment Corp. hereby respectfully requests that the above-captioned registration statement, including all amendments thereto, be ordered effective on March 14, 2018, at 4:00 p.m., or as soon thereafter as practicable.
| Saratoga Investment Corp. | ||
| By: | /s/ Henri J. Steenkamp | |
Henri J. Steenkamp Chief Financial Officer | ||
