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[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
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