Tender Offer - BlackRock Private Investments Fund
Form Type: SC TO-I/A
Filing Date: 2025-05-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525113847
Filing Summary: This document is Amendment No. 1 to the Tender Offer Statement on Schedule TO for BlackRock Private Investments Fund, relating to an issuer tender offer to purchase up to 5% of its issued and outstanding Institutional and Class D common shares. Originally filed on September 27, 2024, the offer expired on October 31, 2024, and was undersubscribed, allowing the Trust to purchase all validly tendered Institutional Shares (111,665.117 shares) while no Class D shares were tendered. The NAV per Institutional Share on the Valuation Date of December 31, 2024, was $12.06, and $11.96 for Class D Shares, with payments for repurchased shares made via promissory notes totaling $1,212,013.18, with an additional $134,668.13 paid later. The amendment reflects a change in the Trust’s Chief Financial Officer effective January 1, 2025. No other changes were made to previously reported information.
Additional details:
Title Of Class Of Securities: Common Shares of Beneficial Interest, Par Value $0.001 per Share
Counsel Name: Margery K. Neale
Counsel Name: P. Jay Spinola
Counsel Firm: Willkie Farr & Gallagher LLP
Nav Per Institutional Share: $12.06
Nav Per Class D Share: $11.96
Total Repurchase Amount: $1,212,013.18
Remaining Payment Amount: $134,668.13
Chief Financial Officer: Lindsey Lorenz
Form Type: SC TO-I
Filing Date: 2025-04-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525107508
Filing Summary: On April 30, 2025, BlackRock Private Investments Fund announced an issuer tender offer to purchase up to 5% of its issued and outstanding common shares of beneficial interest, including Institutional, Class D, Class S, and Class T shares. The tender offer is made at a price equal to the net asset value (NAV) per share determined as of June 30, 2025, or a later date if the offer is extended. The tender offer is part of the regulatory compliance under Rule 13e-4(c)(2) of the Securities Exchange Act of 1934. The offer is set in the context of the Trust's management and financial performance, reflecting a strategic decision to manage its share capital and maximize the value for shareholders. As of the announcement date, no shares of Class S or Class T are outstanding, with substantial holdings in Institutional and Class D shares reported as of March 31, 2025.
Additional details:
Security Title: Common Shares of Beneficial Interest
Cusip Numbers: ["09260N105","09260N303","09260N402","09260N501"]
Number Of Shares Outstanding: {"institutional":25762125,"class_d":25583}
Payment Method: cash
Offer Expiration Date: June 30, 2025
Issuer Name: BlackRock Private Investments Fund
Investment Advisor: BlackRock Advisors, LLC
Form Type: SC TO-I/A
Filing Date: 2025-01-22
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525010451
Filing Summary: This document is an amendment to the Issuer Tender Offer Statement on Schedule TO originally filed on June 27, 2024, by BlackRock Private Investments Fund. It reports the results of an offer to purchase up to 5% of its issued and outstanding Institutional and Class D common shares. The Offer expired on July 31, 2024, and was undersubscribed, with the Trust purchasing 120,010.155 Institutional Shares that were validly tendered. No Class D Shares were tendered. The NAV per Institutional Share on the Valuation Date of September 30, 2024, was $12.36, while Class D Shares had a NAV of $12.25. Payments to shareholders accepting the repurchase were made via promissory notes, totaling $1,374,366.58 paid on November 14, 2024, and the remaining $104,572.06 paid on December 27, 2024. Except for the modifications in this Final Amendment, all other information from the original Schedule TO and related documents remains unchanged.
Additional details:
Name Of Subject Company: BlackRock Private Investments Fund
Names Of Filing Persons: BlackRock Private Investments Fund
Title Of Class Of Securities: Common Shares of Beneficial Interest, Par Value $0.001 per Share
Cusip Number Institutional Shares: 09260N105
Cusip Number Class D Shares: 09260N303
Date Tender Offer First Published: 2024-06-27
Offer Expiration Date: 2024-07-31
Institutional Shares Tendered: 120010.155
Class D Shares Tendered: 0
Nav Per Institutional Share: 12.36
Nav Per Class D Share: 12.25
Total Payment Repurchased Shares: 1374366.58
Remaining Payment: 104572.06
Promissory Note Payment Date 1: 2024-11-14
Promissory Note Payment Date 2: 2024-12-27
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