    [Federal Register Volume 90, Number 84 (Friday, May 2, 2025)]
    [Notices]
    [Pages 18879-18880]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 2025-07607]

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    SECURITIES AND EXCHANGE COMMISSION

    [Investment Company Act Release No. 35560; File No. 812-15634]

    Adams Street Private Equity Navigator Fund LLC, et al.

    April 28, 2025.
    AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

    ACTION: Notice.

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        Notice of application for an 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 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. The requested
    order includes streamlined terms and conditions as compared to past
    comparable orders.

    Applicants: Adams Street Private Equity Navigator Fund LLC, Adams
    Street Advisors, LLC, Adams Street Partners, LLC, Adams Street Credit
    Advisors LP, ASP PC Holdings LLC, and certain of their affiliated
    entities as described in Schedule A to the application.

    Filing Dates: The application was filed on September 23, 2024, and
    amended on January 16, 2025, April 16, 2025, and April 24, 2025.

    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 Secretarys-Office@sec.gov 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 23,
    2025, and

    [[Page 18880]]

    should be accompanied by proof of service on the 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
    Secretarys-Office@sec.gov.

    ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: Eric
    R. Mansell, Adams Street Partners, LLC,
    emansell@adamsstreetpartners.com; Nicole M. Runyan,
    nicole.runyan@kirkland.com; Brad A. Green, brad.green@kirkland.com;
    Scott A. Moehrke, scott.moehrke@kirkland.com and Nicholas A.
    Hemmingsen, nicholas.hemmingsen@kirkland.com.

    FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel,
    Laura Solomon, Senior Counsel, or Daniele Marchesani, Assistant Chief
    Counsel, 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' third amended
    application, dated April 24, 2025, 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/companysearch.html. You may also call the SEC's
    Office of Investor Education and Advocacy at (202) 551-8090.

        For the Commission, by the Division of Investment Management,
    under delegated authority.
    Sherry R. Haywood,
    Assistant Secretary.
    [FR Doc. 2025-07607 Filed 5-1-25; 8:45 am]
    BILLING CODE 8011-01-P