[Federal Register Volume 90, Number 10 (Thursday, January 16, 2025)]
[Notices]
[Pages 4821-4824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00886]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35445; File No. 812-15568]
HarbourVest Private Investments Fund, et al.
January 10, 2025.
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
[[Page 4822]]
(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 permit 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: HarbourVest Private Investments Fund, HarbourVest
Registered Advisers L.P., HarbourVest Partners, LLC, HarbourVest
Partners L.P., HarbourVest Advisers L.P., HarbourVest Partners
(Ireland) Limited, HarbourVest Partners (Canada) Limited, HarbourVest
Air Canada Fund L.P., HarbourVest Amitim Fund L.P., Anggerik HV L.P.,
HarbourVest AP7 PE Investment L.P., HarbourVest Asia Pacific 5
Investment Holding L.P., HarbourVest Asia Pacific 5 Secondary L.P.,
HarbourVest Asia Pacific Fund 5 L.P., HarbourVest Asia Pacific 5 AIF
SCSP, HarbourVest Blue Ridge Fund L.P., HarbourVest Broadway Co-
Investment L.P., HarbourVest Bvk Co-Investment Fund 2022 SCSP, Calstrs
Lower Middle Market Fund IV, LLC, Calstrs Lower Middle Market Fund V,
L.P., Calstrs Lower Middle Market Fund VI L.P., Calstrs Lower Middle
Market Fund VII L.P., HarbourVest Canada Growth Fund L.P., HarbourVest
Canada Growth Fund II L.P., HarbourVest Canada Growth Fund III L.P.,
HarbourVest Cc Portfolio Fund L.P., HarbourVest Centre Street Co-
Investment Fund L.P., CHV Investments Fund L.P., HarbourVest Citrine
Fund L.P., HarbourVest Partners Cleantech Fund II L.P., HarbourVest Co-
Invest 2017 Private Equity Partners L.P., HarbourVest Co-Invest 2018
Private Equity Partners L.P., HarbourVest Co-Invest 2019 Private Equity
Partners L.P., HarbourVest Co-Invest 2020 Private Equity Partners L.P.,
HarbourVest Co-Invest 2021 Private Equity Partners L.P., HarbourVest
Co-Invest 2022 Private Equity Partners L.P., HarbourVest Co-Invest 2023
Private Equity Partners L.P., HarbourVest Partners Co-Investment Fund
IV L.P., HarbourVest Partners Co-Investment IV AIF L.P., HarbourVest
Partners Co-Investment Fund IV Aiv L.P., HarbourVest Co-Investment
Opportunities Fund L.P., HarbourVest Partners Co-Investment Fund V
L.P., HarbourVest Partners Co-Investment V AIF L.P., HarbourVest
Partners Co-Investment Fund V AIV L.P., HarbourVest Partners Co-
Investment VI Aggregator L.P., HarbourVest Partners Co-Investment Fund
VI L.P., HarbourVest Partners Co-Investment VI AIF SCSP, HCF6 Holdings
LLC, Hcf5 Holdings LLC, HarbourVest Co-Investment VII Buyout Aggregator
L.P., HarbourVest Co-Investment Fund VII Growth L.P., HarbourVest Co-
Investment Fund VII Buyout L.P., HarbourVest Co-Investment Fund VII
Combined L.P., HarbourVest Credit Opportunities II AIF SCSP,
HarbourVest Credit Opportunities Fund II L.P., HarbourVest COF III
Investment L.P., HarbourVest Credit Opportunities Fund III L.P.,
HarbourVest Credit Opportunities III AIF SCSP, Csc Private Investments
L.P., HarbourVest Ct Co-Investment Fund L.P., HarbourVest Ct Private
Debt Fund L.P., HarbourVest D2022 Fund L.P., HarbourVest Dai-Ichi Life
PE Fund L.P., Denso Hv Pep L.P., Denso Hv Pep II Holdings LLC, Denso Hv
Pep II L.P., HarbourVest Dl II Investment Holding A (L) L.P.,
HarbourVest Dl II Investment Holding A (U) L.P., HarbourVest Dl II
Investment Holding B (L) LLC, HarbourVest Dl II Investment Holding B
(U) L.P., HarbourVest Direct Lending Fund II (U) L.P., HarbourVest
Direct Lending II Parallel Fund (U) L.P., HarbourVest Direct Lending II
AIF (U) SCSP, HarbourVest Direct Lending Fund II (L) L.P., HarbourVest
Direct Lending II Parallel Fund (L) L.P., HarbourVest Dl Investment
Holding I (L) LLC, HarbourVest Direct Lending Fund (L) L.P.,
HarbourVest Direct Lending AIF (L) SCSP, HarbourVest Dover Street IX
Investment L.P., Dover Street IX L.P., Dover Street IX AIF L.P., Dover
Street 2014 Holdings LLC, Dover VII Holdings LLC, Dover Street VIII
Holdings L.P., HarbourVest Dover Street X Investment L.P., Dover Street
X L.P., Dover Street X AIF SCSP, HarbourVest Dover Street Xi Investment
L.P., Dover Street Xi L.P., Dover Street Xi AIF SCSP, HarbourVest Emmpt
PE Fund L.P., Enervest LLC, HarbourVest FFV Fund L.P., HarbourVest
Finance Street AIV L.P., HarbourVest Finance Street II AIV L.P.,
HarbourVest Finance Street II L.P., HarbourVest Finance Street III AIV
L.P., HarbourVest Finance Street III L.P., The First Capital Access
Fund, L.P., HarbourVest Frenchmen Street Fund L.P., HarbourVest FRS R3
LLC, HarbourVest Partners IX-Buyout Fund L.P., HarbourVest Partners IX-
Credit Opportunities Fund L.P., HarbourVest Partners IX-Venture Fund
L.P., HarbourVest Partners X AIF Buyout L.P., HarbourVest Partners X
AIF Venture L.P., HarbourVest Partners X Buyout Fund L.P., HarbourVest
Partners X Secondary L.P., HarbourVest Partners X Venture Fund L.P.,
HarbourVest Partners XI Buyout Fund L.P., HarbourVest Partners XI
Buyout AIF L.P., HarbourVest Partners XI Micro Buyout Fund L.P.,
HarbourVest Partners XI Micro Buyout AIF L.P., HV Xi Secondary L.P.,
HarbourVest Partners XI Venture AIF L.P., HarbourVest Partners XI
Venture Fund L.P., HarbourVest Partners XII Buyout Fund L.P.,
HarbourVest Partners XII Buyout AIF SCSP, HarbourVest Partners XII
Micro Buyout Fund L.P., HarbourVest Partners XII Micro Buyout AIF SCSP,
HV XII Secondary L.P., HarbourVest Partners XII Venture Fund L.P.,
HarbourVest Partners Xii Venture AIF SCSP, HarbourVest Partners Xiii
Buyout Fund L.P., HarbourVest Partners Xiii Buyout AIF SCSP, Hv Xiii
Secondary L.P., HarbourVest Partners Xiii Small Cap Fund L.P.,
HarbourVest Partners Xiii Small Cap AIF SCSP, HarbourVest Partners Xiii
Venture Fund L.P., HarbourVest Partners Xiii Venture AIF SCSP, Gf2018
Holdings LLC, Gf2019 Holdings LLC, Hv 2019 Global Holdings LLC,
HarbourVest Global Annual Private Equity Fund L.P., HarbourVest 2015
Global Fund L.P., HarbourVest 2016 Global Fund L.P., HarbourVest 2016
Global AIF L.P., HarbourVest 2017 Global Fund L.P., HarbourVest 2017
Global AIF L.P., HarbourVest 2018 Global Fund L.P., Hv 2018 Global
Investment L.P., HarbourVest 2018 Global AIF L.P., HarbourVest 2019
Global Investment L.P., HarbourVest 2019 Global Fund L.P., HarbourVest
2019 Global AIF SCSP, HarbourVest 2020 Global Investment L.P.,
HarbourVest 2020 Global Fund L.P., HarbourVest 2020 Global AIF SCSP,
HarbourVest 2021 Global Investment L.P., HarbourVest 2021 Global Fund
L.P., HarbourVest 2021 Global AIF SCSP, HarbourVest 2022 Global
Investment L.P., HarbourVest 2022 Global Fund L.P., HarbourVest 2022
Global AIF SCSP, HarbourVest 2023 Global Fund L.P., HarbourVest 2023
Global Investment L.P., HarbourVest 2023 Global AIF SCSP, HarbourVest
2024 Global Investment L.P., HarbourVest 2024 Global Fund L.P.,
HarbourVest 2024 Global AIF SCSP, HarbourVest 2025 Global Investment
L.P., HarbourVest 2025 Global Fund L.P., HarbourVest 2025 Global AIF
SCSP, Great Lakes Fund L.P., HarbourVest Guardian Co-Investment Fund
L.P., HarbourVest Braemar Holdings LLC, HarbourVest Ci Secondaries
L.P., HarbourVest Harvest Fund II L.P., HarbourVest Harvest Fund L.P.,
Hcf4 Holdings LLC, HarbourVest Global Private Solution Sicav S.A.--
Diversified Private Equity Fund, HGPS-DPE Delaware Holdings LLC, HGPS-
[[Page 4823]]
DPE Luxembourg Holdings SCSP, HarbourVest Infrastructure Income
Portfolio 1 L.P., HarbourVest Infrastructure Income Portfolio 1
Holdings L.P., HarbourVest Infrastructure Income Portfolio 2 L.P.,
HarbourVest Infrastructure Income Portfolio 3 L.P., Hipep Ix De
Holdings LLC, Hipep Ix Investment Holding L.P., Hipep Ix Secondary
L.P., Hipep Ix Fund L.P., Hipep Ix AIF SCSP, Hipep Select Asia Fund
L.P., Hipep Select Asia Fund II L.P., Hipep Select Asia Fund III L.P.,
Hipep VII Emerging Markets Fund L.P., Hipep VII Em Holdings LLC, Hipep
VII Europe Holdings LLC, Hipep VII Partnership Holdings LLC, Hipep VII
Secondary Holdings LLC, Hipep VII (AIF) Asia Pacific Fund L.P., Hipep
VII (AIF) Partnership Fund L.P., Hipep VII Asia Pacific Fund L.P.,
Hipep VII Europe Fund L.P., Hipep VII Partnership Fund L.P., Hipep VII
Secondary L.P., Hipep VIII Partnership Fund L.P., Hipep VIII
Partnership AIF L.P., Hipep X Fund L.P., Hipep X Holdings LLC, Hipep X
Secondary L.P., HarbourVest Homestead Fund L.P., HarbourVest Homestead
Holdings LLC, Horizon Impact Fund L.P., Hv 2022 Global Holdings LLC, Hv
2023 Global Holdings LLC, HarbourVest Adelaide L.P., Hv Amitim Uniform
Holdings LLC, HarbourVest Ap7 Holdings 2 LLC, HarbourVest Asia Pacific
Fund VIII L.P., HarbourVest Asia Pacific VIII AIF L.P., HarbourVest
Blue Secondary 2018 L.P., HarbourVest Braemar Fund L.P., HarbourVest Cb
Global Co-Inv Fund L.P., HarbourVest Finance Street L.P., Hv Great
Lakes Series I 2020 Holdings LLC, Hv Harvest Holdings LLC, Hv
International VIII Secondary L.P., Hv Meranti III A1 Holdings LLC, Hv
Nest Uniform Holdings LLC, Hv New Street Franklin Series Holdings LLC,
HarbourVest Pathway Holdings LLC, Hv Ra II LLC, HarbourVest Red Dragon
L.P., Hv Si--Apollo Sengai Fund L.P., Hv Special Situations Fund L.P.,
Hv VIII Holdings LLC, Hv Z Global Private Equity Fund, L.P., Hv Z
Global Private Equity Holdings LLC, HarbourVest Zebra 1 L.P.,
HarbourVest Zebra 2 L.P., HarbourVest Zebra 3 L.P., HVSHP L.P., HVSHP
Holdings LLC, HarbourVest Iof3 Holdings L.P., HarbourVest
Infrastructure Opportunities Fund III L.P., HarbourVest Infrastructure
Opportunities III AIF SCSP, Juni Private Equity Fund H (Usd) L.P., Juni
Private Equity Fund H (Usd) Holdings 1 L.P., Kpi-HarbourVest Multi-
Strategy Fund I L.P., Kps-HarbourVest Multi-Strategy Fund I L.P., Kpi-
HarbourVest Multi-Strategy Investment Holdings LLC, HarbourVest Ktcu
Co-Investment Fund L.P., Kwasa Nexus Fund L.P., Lindenstone PE SCSP,
Longhorn Hv Co-Investment 1 L.P., Longhorn Hv Co-Investment 2 L.P.,
Longhorn Hv Co-Investment Opps A L.P., Longhorn Hv Co-Investment Opps B
L.P., Longhorn Hv Reveille 1 L.P., HarbourVest Lungo III Fund Scs,
HarbourVest Lungo IV Fund SCSP, The Maple Fund L.P., Meranti Fund II
L.P., Meranti Fund III L.P., Meranti Fund L.P., Meranti Holdings LLC,
Meranti II Holdings LLC, HarbourVest Mercurius L.P., HarbourVest
Partners Mezzanine Income Fund L.P., Migdal-HarbourVest 2016 Fund L.P.,
Migdal-HarbourVest 2016 Holdings LLC, HarbourVest Mvpe 5 SCSP,
HarbourVest Mvpe 5 Holdings LLC, Mvpe 6 SCSP, Mvpe 6 Holdings LLC, Mvpf
2 SCSP, HarbourVest Mvpf SCSP, HarbourVest Mvpf Holdings LLC,
HarbourVest Nespf L.P., HarbourVest Nest Co-Investment L.P., Nour Fund
I L.P., Nps Co-Investment (A) Fund L.P., Nps Co-Investment (A) Holdings
LLC, Nps Co-Investment (A) Holdings L.P., Nps Co-Investment Fund II
L.P., Nps Fund II Holdings L.P., Nyscrf Pioneer Partnership Fund A-II,
L.P., Nyscrf Pioneer Partnership Fund III L.P., Nyscrf Transition Annex
Fund L.P., HarbourVest/Nystrs Co-Invest Fund L.P., HarbourVest/Nystrs
Co-Invest Fund II L.P., HarbourVest/Nystrs Co-Invest Fund III L.P.,
HarbourVest Ontario Private Equity Fund L.P., HarbourVest Orbit AIF
SCSP, HarbourVest Pa Co-Investment Fund L.P., Pacific Coast Senior
Credit Finance 1 L.P., Pacific Coast Senior Credit L.P., HarbourVest L
Global PE SMA L.P., HarbourVest L Global PE Holdings LLC, HarbourVest
Pc Secondaries 2020 Fund L.P., HarbourVest Pc Secondaries 2022 Fund
L.P., HarbourVest Pc Secondaries 2024 Fund L.P., HarbourVest Private
Equity Continuation Solutions Aggregator L.P., HarbourVest Private
Equity Continuation Solutions L.P., HarbourVest Private Equity
Continuation Solutions AIF SCSP, Pecs Overflow Fund L.P., Peninsula
HarbourVest Fund L.P., HarbourVest Persla PE Fund L.P., HarbourVest
Poba Co-Investment Fund L.P., HarbourVest New Street Fund L.P., Ra4
Holdings LLC, HarbourVest Real Assets--Energy Fund L.P., HarbourVest
Real Assets--Energy Fund II L.P., HarbourVest Real Assets Fund III
L.P., HarbourVest Ra4 Holdings L.P., HarbourVest Real Assets Fund IV
L.P., HarbourVest Real Assets IV AIF SCSP, HarbourVest Real Assets
Olive Fund L.P., HarbourVest Reynolds Fund I L.P., HarbourVest
Secondary 2017 Private Equity Partners L.P., HarbourVest Secondary 2018
Private Equity Partners L.P., HarbourVest Secondary 2019 Private Equity
Partners L.P., Dover Street 2014 Overflow Fund L.P., Secondary Overflow
Fund III L.P., Secondary Overflow Fund IV L.P., Secondary Overflow Fund
V L.P., HarbourVest Skew Base AIF L.P., HarbourVest Slo Fund L.P.,
HarbourVest Slo Holdings LLC, Hvst-Tope LLC, Smrs-Capp LLC, Smrs-Hvdl
LLC, Smrs-Tope LLC, Smrs-Ncrp LLC, Stc HarbourVest Pecs Fund L.P., Stc
HarbourVest Private Debt Fund L.P., HarbourVest Partners Stewardship
Investment L.P., HarbourVest Partners Stewardship Fund L.P.,
HarbourVest Partners Stewardship AIF SCSP, HarbourVest Summit Hill Fund
L.P., Sunvest II LLC, Sunvest LLC, HarbourVest Tbw L.P., HarbourVest
Tju Declaration Fund L.P., HarbourVest Tmrs Polaris SMA L.P., Trsl Co-
Investment Fund L.P., Vanguard HarbourVest 2020 Private Equity Fund
L.P., Vanguard HarbourVest 2021 Private Equity Fund L.P., Vanguard
HarbourVest 2021 Private Equity Holdings LLC, Vanguard HarbourVest 2022
Private Equity Fund L.P., Vanguard HarbourVest 2022 Private Equity
Holdings LLC, Vanguard HarbourVest 2023 Private Equity Fund L.P.,
Vanguard HarbourVest 2024 Private Equity Fund L.P., VRS HV 2013
Separate Account LLC, VRS HV 2016 Separate Account LLC, HarbourVest
Vsma1 Asia Fund L.P., HarbourVest Vsma1 Asia Holdings LLC, HarbourVest
Vulcanus L.P., HarbourVest Wespath Impact Investment Fund L.P.,
HarbourVest Co-Invest 2024 Private Equity Partners L.P., HarbourVest
Emmpt PE Holdings LLC, HarbourVest Ffv Holdings LLC, Hv Si--Apollo
Sengai Holdings LLC, HarbourVest Red Dragon Holdings LLC, HarbourVest
Tju Declaration Holdings LLC, HarbourVest As Fund L.P., HarbourVest
Alberta Fund L.P., HarbourVest Suncor Fund L.P, HarbourVest Vsma1
Credit Fund L.P., PECS Delaware Overflow Fund L.P., Vanguard
HarbourVest 2025 Private Equity Fund L.P., HGPS Secondary Holdings LLC.
Filing Dates: The application was filed on April 24, 2024, and amended
on October 15, 2024 and December 19, 2024.
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
[[Page 4824]]
Applicant below. Hearing requests should be received by the Commission
by 5:30 p.m. on, February 5, 2025, 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:
Monique Austin, HarbourVest Private Investments Fund, at
[email protected]; and Daniel Chisholm, HarbourVest Private
Investments Fund, at [email protected]; and Rajib Chanda,
Simpson Thacher & Bartlett LLP, [email protected]; and Ryan
Brizek, Simpson Thacher & Bartlett LLP, [email protected].
FOR FURTHER INFORMATION CONTACT: Taylor Evenson, Senior Counsel, or
Terri Jordan, 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' second amended
and restated application, dated December 19, 2024, 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 http://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. 2025-00886 Filed 1-15-25; 8:45 am]
BILLING CODE 8011-01-P