[Federal Register Volume 88, Number 79 (Tuesday, April 25, 2023)]
[Notices]
[Pages 25052-25053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08652]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34891; File No. 812-15374]


Hamilton Lane Private Assets Fund, et al.

April 19, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order (``Order'') under sections 17(d) 
and 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 
17d-1 under the Act to permit certain joint transactions otherwise 
prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 
under the Act.
    Summary of Application: Applicants request an order to amend a 
previous order granted by the Commission that permits certain business 
development companies (``BDCs'') and closed-end management investment 
companies to co-invest in portfolio companies with each other and with 
certain affiliated investment entities.
    Applicants: Hamilton Lane Private Assets Fund, Hamilton Lane 
Advisors, L.L.C., 2020 Tactical Market Fund LP, Astro Master Fund III, 
LP, Dragon HL, L.P., DPE Investments Holdings LP, Edgewood Partners LP, 
Edgewood Partners II LP, Edgewood Partners III LP, Fifth Stockholm CI 
SPV L.P., Finance Street AIV Splitter L.P., Florida Growth Fund II LLC, 
Green Core Fund, L.P.,

[[Page 25053]]

Hamilton Lane Capital Tower Fund LP, Hamilton Lane Co-Investment Fund 
IV Holdings LP, Hamilton Lane Co-Investment Fund IV Holdings-2 LP, 
Hamilton Lane Equity Opportunities Fund V Holding LP, Hamilton Lane 
Equity Opportunities Fund V Holding-2 LP, Hamilton Lane Infrastructure 
Fund Holdings LP, Hamilton Lane Infrastructure Fund Holdings-2 LP, 
Hamilton Lane NM Fund I LP, Hamilton Lane Private Equity Fund X 
Holdings LP, Hamilton Lane Private Markets Opportunity Fund LP, Credit 
Series, Hamilton Lane Private Markets Opportunity Fund LP, Fund-Of-
Funds Series, Hamilton Lane Private Markets Opportunity Fund LP, Fund-
Of-Funds Series II, Hamilton Lane--Raytheon Technologies Pension 
Emerging Managers, L.P., Hamilton Lane Secondary Fund V International 
Series Fund LP, Series 2, Hamilton Lane SMID II Holdings LP, Hamilton 
Lane Strategic Opportunities Fund V (Series 2019) Holdings LP, Hamilton 
Lane Strategic Opportunities Fund VI (Series 2020) Holdings LP, 
Hamilton Lane Strategic Opportunities Fund VII Holdings LP, Hamilton 
Lane Strategic Opportunities Fund VIII Holdings LP, Hamilton Lane 
Venture Access Fund I Holdings LP, Hamilton Lane Venture Capital Fund 
LP, Series 2020, Hamilton Lane Venture Capital Fund LP, Series 2021, 
Hamilton Lane Venture Capital Fund LP, Series 2022, Hamilton Lane-
Carpenters Partnership Fund V L.P., HL International Investors LP, 
Series H2, HL-HP Global Investments LP, HLSF IV Holdings LP, HLSF V 
Holdings LP, HLSF VI Holdings LP, HLSF VI Holdings 2 LP, Nakhoda Lane 
Fund L.P., Nakhoda Lane Fund DE SPV LP, SRCS HL PE 1 (Master) LP, 
Hamilton Lane/NYSCRF Israel Investment Fund L.P., Hamilton Lane/NYSCRF 
Israel Investment Fund II L.P., HL Advanced Sustainable Total Return 
Opportunities Fund III, HL ENPAM Fund Splitter LP, HL Environmental 
Fund LP, HL Impact Holdings LP, HL Impact II Holdings LP, HL 
International Investors L.P. Series M, HL International Investors L.P. 
Series N, HL International Investors L.P. Series O, HL International 
Investors L.P. Series Q, HL International Investors LP Series I, HL 
International Investors LP, HL Secondary Opportunities 2018 Series, HL 
International Investors LP, Series H1, HL International Investors, L.P. 
Series P, HL Large Buyout Club Fund V, HL Large Buyout Club Fund VI, HL 
MIRAS Secondary Fund LP, HL P Plus ESG Co-Invest Fund I LP, HL 
Pennsylvania Co-Investment Fund, L.P., HL Private Assets Holdings LP, 
HL Real Estate Asset Opportunities--A Master Fund LP, HL Venture 
Capital Club Fund, HL/AS Global Coinvest LP, Hudson River Co-Investment 
Fund III L.P., Innovation Lane LP, JATI Private Equity Fund III L.P., 
KPI-Hamilton Lane Multi-Strategy Fund I Master LP, KPS-Hamilton Lane 
Multi-Strategy Fund I Master LP, KTCU HL Infrastructure Master Fund LP, 
Libra Taurus PE Fund Master LP, Moran Real Asset Fund II, L.P., Moran 
Real Asset Fund III, L.P., New York Credit Co-Investment Fund II LP, 
New York Credit SBIC Fund L.P., PENHA Fund I L.P., PENHA Fund II L.P., 
Phoenix HL L.P., RAPM NM Secondary Opportunity Fund, L.P., RIHL Direct 
Credit Fund LP, Russell Investments HL Private Markets Co-Investment 
Master Fund LP, Russell Investments HL Private Markets Secondary Master 
Fund LP, Sixth Stockholm CI-SPV LP, Smart Clean Air and Energy Fund LP, 
SRE HL PE 1 (Master) LP, SREH HL PE 1 (Master) LP, SRZ HL PE 1 (Master) 
LP, Tarragon Master Fund LP, Tower Bridge Select Opportunities--A 
Master Fund LP, TTCPFS HL Investments Splitter AIV Fund LP, Utah Real 
Assets Portfolio, LP, WPP HL Credit Opportunities Fund LP.
    Filing Dates: The application was filed on July 26, 2022, and 
amended on January 25, 2023.
    Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at [email protected] and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on May 15, 
2023, and should be accompanied by proof of service on applicants, in 
the form of an affidavit or, for lawyers, a certificate of service. 
Pursuant to rule 0-5 under the Act, hearing requests should state the 
nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
[email protected].

ADDRESSES: The Commission: [email protected]. Applicants: 
Joshua B. Derringer, Esq., Faegre, Drinker, Biddle & Reath LLP, at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Jean E. Minarick, Senior Counsel, or 
Kyle R. Ahlgren, Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' first amended and 
restated application, dated January 25, 2023, which may be obtained via 
the Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field, 
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at 
https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You 
may also call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08652 Filed 4-24-23; 8:45 am]
BILLING CODE 8011-01-P