Filing Details
- Accession Number:
- 0000929638-25-001941
- Form Type:
- 13D Filing
- Publication Date:
- 2025-05-15 20:00:00
- Filed By:
- CI Adams Street Global Private Markets Fund
- Company:
- Adams Street Private Equity Navigator Fund Llc
- Filing Date:
- 2025-05-16
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| CI Adams Street Global Private Markets Fund | 0 | 34,205,911 | 0 | 34,205,911 | 34,205,911 | 86.9% |
| CI INVESTMENTS INC. | 0 | 34,205,911 | 0 | 34,205,911 | 34,205,911 | 86.9% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
|
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC (Name of Issuer) |
Class I Shares (Title of Class of Securities) |
00640Q108 (CUSIP Number) |
Morgan, Lewis & Bockius LLP One Federal Street, Boston, MA, 02110 617-951-8000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
04/01/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 00640Q108 |
| 1 |
Name of reporting person
CI Adams Street Global Private Markets Fund | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
34,205,911.01 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
86.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 00640Q108 |
| 1 |
Name of reporting person
CI INVESTMENTS INC. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
34,205,911.01 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
86.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class I Shares | |
| (b) | Name of Issuer:
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC | |
| (c) | Address of Issuer's Principal Executive Offices:
ONE NORTH WACKER DRIVE, SUITE 2700, CHICAGO,
ILLINOIS
, 60606. | |
Item 1 Comment:
This Schedule 13D (the "Schedule 13D") is being filed with respect to Class I shares (the "Shares") of Adams Street Private Equity Navigator Fund LLC, a limited liability company organized under the laws of the State of Delaware (the "Issuer"), with its principal executive offices at One North Wacker Drive, Suite 2700, Chicago, IL 60606. | ||
| Item 2. | Identity and Background | |
| (a) | (a) This Schedule 13D is being filed on behalf of the following Reporting Persons (collectively, the "Reporting Person"):
- CI Adams Street Global Private Markets Fund , a trust organized under the laws of the province of Ontario, Canada (the "Fund")
- CI Investments Inc., a corporation organized under the laws of the province of Ontario, Canada (the "Manager")
The Shares reported herein are owned directly by the Fund. The Manager serves as investment manager to the Fund and may be deemed to have beneficial ownership over the Shares directly owned by the Fund. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Schedule 13D shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any such Shares for purposes of Section 16(a) or Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose. | |
| (b) | (b) The business address of each of the Reporting Persons is 15 York Street, 2nd Floor, Toronto, Ontario, Canada M5J 0-A3. | |
| (c) | (c) The Fund is a trust, the principal business of which is to hold and manage securities for investment purposes on behalf of its investors. The Manager is an investment advisor registered under the laws of the provinces and territories of Canada, the principal business of which is to serve as the investment manager, among other things, of certain funds and certain other client accounts. | |
| (d) | (d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | (e) No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding neither was nor is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or State securities laws or finding any violation with respect to such laws. | |
| (f) | (f) The citizenship of each of the Reporting Persons is set forth in paragraph (a) of this Item. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
The Shares reported herein were acquired by the Fund in exchange for the Fund's interests in Adams Street Global Private Markets Fund LP, the predecessor of the Issuer. Such limited partnership interests which were originally acquired using working capital of the Fund, being subscription proceeds from investors of the Fund, were valued at approximately $342,059,000 at the time of such exchange. | ||
| Item 4. | Purpose of Transaction | |
The Reporting Persons acquired the securities of the Issuer based on the Reporting Persons' belief that such securities, when purchased, represented an attractive investment opportunity.
The Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and operating performance, the price level of the Shares, retail industry dynamics, conditions in the securities markets and general macroeconomic factors, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, entering into any other derivative transactions with respect to the Shares, or changing its intention with respect to any and all matters referred to in this Item 4, in each case to the extent permitted under applicable law. In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider its position and/or change its plans with respect thereto and (ii) propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | (a) and (b) See Items 7-13 of the cover pages and Item 2 above. | |
| (b) | (a) and (b) See Items 7-13 of the cover pages and Item 2 above. | |
| (c) | (c) During the past sixty (60) days, the Reporting Persons have not entered into any transactions in the Shares except as described in Item 3 above. | |
| (d) | (d) Not applicable. | |
| (e) | (e) Not applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Not applicable. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 99.1 Joint Filing Agreement between the Reporting Persons. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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