Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 4821 

6 17 CFR 200.30–3(a)(12). 

1 15 U.S.C.78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A). 

4 17 CFR 240.19b–4(f). At any time within 60 days 

of the filing of the proposed rule change, the 

Commission summarily may temporarily suspend 

such rule change if it appears to the Commission 

that such action is necessary or appropriate in the 

public interest, for the protection of investors, or 

otherwise in furtherance of the purposes of the Act. 

If the Commission takes such action, the 

Commission will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See Exchange Rule 

1701(u). See also Section 1.1 of the CAT NMS Plan. 

Unless otherwise specified, capitalized terms used 

in this rule filing are defined as set forth in the CAT 

NMS Plan and/or the CAT Compliance Rule. See 

Exchange Rule 1701. 

6See paragraph (a)(3) of Consolidated Audit Trail 

Funding Fees. See Exchange Fee Schedule, Section 

8)a). See also Securities Exchange Act Rel. No. 

100827 (Aug. 27, 2024) 89 FR 71472 (Sept. 3, 2024) 

(SR–MIAX–2024–33) (‘‘Fee Filing for CAT Fee 

2024–1’’). 

7Copies of the submission, all subsequent 

amendments, all written statements with respect to 

the proposed rule change that are filed with the 

Commission, and all written communications 

relating to the proposed rule change between the 

Commission and any person, other than those that 

may be withheld from the public in accordance 

with the provisions of 5 U.S.C. 552, will be 

available for website viewing and printing in the 

Commission’s Public Reference Room, 100 F Street 

NE, Washington, DC 20549, on official business 

days between the hours of 10 a.m. and 3 p.m. 

Copies of the filing also will be available for 

inspection and copying at the principal office of 

SRO. 

8 17 CFR 200.30–3(a)(12). 

protection. All submissions should refer 

to file number SR–LTSE–2024–13 and 

should be submitted on or before 

February 6, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00889 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102153; File No. SR–MIAX– 

2024–49] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Filing and Immediate 

Effectiveness of Proposed Rule 

Change To Amend the Fee Schedule 

To Establish Fees for Industry 

Members Related to Reasonably 

Budgeted CAT Costs of the National 

Market System Plan Governing the 

Consolidated Audit Trail for 2025 

January 10, 2025. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

27, 2024, Miami International Securities 

Exchange, LLC (‘‘MIAX’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Item I below, which Item has been 

substantially prepared by the Exchange. 

The Exchange has designated this 

proposal for immediate effectiveness 

pursuant to Section 19(b)(3)(A) of the 

Act 3 and Rule 19b–4(f) thereunder.4

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

MIAX Options Exchange Fee Schedule 

(‘‘Fee Schedule’’) to establish fees for 

Industry Members 5 related to 

reasonably budgeted CAT costs of the 

National Market System Plan Governing 

the Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s fee schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035).6

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.miaxglobal.com/markets/usoptions/all-options-exchanges/rulefilings, at MIAX’s principal office, and 

on the Commission’s website at https:// 

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-MIAX-2024-49. 

II. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act.7

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-MIAX-2024- 

49) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–MIAX–2024–49 on the 

subject line. Alternatively, paper 

comments may be sent to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. All submissions should 

refer to file number SR–MIAX–2024–49. 

To help the Commission process and 

review your comments more efficiently, 

please use only one method. The 

Commission will post all comments on 

the Commission’s internet website 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-MIAX-2024- 

49). Do not include personal identifiable 

information in submissions; you should 

submit only information that you wish 

to make available publicly. We may 

redact in part or withhold entirely from 

publication submitted material that is 

obscene or subject to copyright 

protection. All submissions should refer 

to file number SR–MIAX–2024–49 and 

should be submitted on or before 

February 6, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00893 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

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. 

Notice of application for an order 

(‘‘Order’’) under sections 17(d) and 57(i) 

of the Investment Company Act of 1940 


ddrumheller on DSK120RN23PROD with NOTICES1
4822 Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 

(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 CoInvestment L.P., HarbourVest Bvk CoInvestment 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 CoInvestment 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 CoInvest 2019 Private Equity Partners L.P., 

HarbourVest Co-Invest 2020 Private 

Equity Partners L.P., HarbourVest CoInvest 2021 Private Equity Partners L.P., 

HarbourVest Co-Invest 2022 Private 

Equity Partners L.P., HarbourVest CoInvest 2023 Private Equity Partners L.P., 

HarbourVest Partners Co-Investment 

Fund IV L.P., HarbourVest Partners CoInvestment 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 CoInvestment 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 CoInvestment VII Buyout Aggregator L.P., 

HarbourVest Co-Investment Fund VII 

Growth L.P., HarbourVest CoInvestment 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 CoInvestment 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– 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 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 MultiStrategy Investment Holdings LLC, 

HarbourVest Ktcu Co-Investment Fund 

L.P., Kwasa Nexus Fund L.P., 

Lindenstone PE SCSP, Longhorn Hv CoInvestment 1 L.P., Longhorn Hv CoInvestment 2 L.P., Longhorn Hv CoInvestment 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 CoInvest 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, SmrsTope 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 CoInvestment 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 

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 


ddrumheller on DSK120RN23PROD with NOTICES1
4824 Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A). 

4 17 CFR 240.19b–4(f). At any time within 60 days 

of the filing of the proposed rule change, the 

Commission summarily may temporarily suspend 

such rule change if it appears to the Commission 

that such action is necessary or appropriate in the 

public interest, for the protection of investors, or 

otherwise in furtherance of the purposes of the Act. 

If the Commission takes such action, the 

Commission will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See Miami 

International Securities Exchange, LLC (‘‘MIAX 

Rule’’) Rule 1701(u). The Exchange notes that MIAX 

Chapter XVII is incorporated by reference into the 

Exchange’s rulebook. As such, MIAX Chapter XVII 

also applies to the Exchange. See also Section 1.1 

of the CAT NMS Plan. Unless otherwise specified, 

capitalized terms used in this rule filing are defined 

as set forth in the CAT NMS Plan and/or the CAT 

Compliance Rule. See MIAX Rule 1701. 

6See paragraph (a)(3) of Consolidated Audit Trail 

Funding Fees. See Exchange Fee Schedule, Section 

8)a). See also Securities Exchange Act Rel. No. 

100872 (Aug. 29, 2024) 89 FR 72501 (Sept. 5, 2024) 

(SR–PEARL–2024–34) (‘‘Fee Filing for CAT Fee 

2024–1’’). 

7Copies of the submission, all subsequent 

amendments, all written statements with respect to 

the proposed rule change that are filed with the 

Commission, and all written communications 

relating to the proposed rule change between the 

Commission and any person, other than those that 

may be withheld from the public in accordance 

with the provisions of 5 U.S.C. 552, will be 

available for website viewing and printing in the 

Commission’s Public Reference Room, 100 F Street 

NE, Washington, DC 20549, on official business 

days between the hours of 10 a.m. and 3 p.m. 

Copies of the filing also will be available for 

inspection and copying at the principal office of 

SRO. 

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 

Secretarys-Office@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

Monique Austin, HarbourVest Private 

Investments Fund, at maustin@

harbourvest.com; and Daniel Chisholm, 

HarbourVest Private Investments Fund, 

at dchisholm@harbourvest.com; and 

Rajib Chanda, Simpson Thacher & 

Bartlett LLP, Rajib.Chanda@stblaw.com; 

and Ryan Brizek, Simpson Thacher & 

Bartlett LLP, ryan.brizek@stblaw.com. 

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 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102154; File No. SR– 

PEARL–2024–64] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the MIAX Pearl 

Options Fee Schedule To Establish 

Fees for Industry Members Related to 

Reasonably Budgeted CAT Costs of 

the National Market System Plan 

Governing the Consolidated Audit Trail 

for 2025 

January 10, 2025. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

27, 2024, MIAX PEARL, LLC (‘‘MIAX 

Pearl’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Item I below, 

which Item has been substantially 

prepared by the Exchange. The 

Exchange has designated this proposal 

for immediate effectiveness pursuant to 

Section 19(b)(3)(A) of the Act 3 and Rule 

19b–4(f) thereunder.4 The Commission 

is publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

fee schedule applicable to options 

trading on the Exchange (‘‘Fee 

Schedule’’) to establish fees for Industry 

Members 5 related to reasonably 

budgeted CAT costs of the National 

Market System Plan Governing the 

Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s fee schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035).6

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.miaxglobal.com/markets/usoptions/all-options-exchanges/rulefilings, at MIAX Pearl’s principal office, 

and on the Commission’s website at 

https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-PEARL2024-64. 

II. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act.7

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 


ddrumheller on DSK120RN23PROD with NOTICES1