HarbourVest Private Investments Fund, et al.

The Securities and Exchange Commission ("Commission") is considering a request to permit business development companies (BDCs) and closed-end management investment companies to co-invest in portfolio companies with each other and certain affiliated entities. This order would allow for joint transactions otherwise prohibited by the Investment Company Act of 1940, enabling these companies to invest together in a more efficient and effective manner. This application has implications for the private equity industry, potentially expanding investment opportunities and improving liquidity for participating funds. It is essential for affected parties to review the proposed order and consider potential compliance requirements and any necessary adjustments to internal policies and procedures.