11/14/2025 | Press release | Distributed by Public on 11/14/2025 13:36
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(FINAL AMENDMENT)
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC
(Name of Subject Company (Issuer))
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC
(Name of Filing Person(s) (Issuer))
CLASS I SHARES OF LIMITED LIABILITY COMPANY INTERESTS
(Title of Class of Securities)
00640Q108 (CLASS I)
(CUSIP Number of Class of Securities)
Eric R. Mansell
Adams Street Advisors, LLC
One North Wacker Drive, Suite 2700
Chicago, IL 60606
(312) 553-7890
(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))
With a copy to:
Nicole M. Runyan, P.C.
Brad A. Green, P.C.
Kirkland & Ellis LLP
601 Lexington Avenue
New York, NY 10022
(212) 446-4800
| ☐ |
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| ☐ |
third-party tender offer subject to Rule 14d-1. |
| ☒ |
issuer tender offer subject to Rule 13e-4. |
| ☐ |
going-private transaction subject to Rule 13e-3. |
| ☐ |
amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒
Items 1-9 and 11.
This Final Amendment relates to the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on August 20, 2025 by Adams Street Private Equity Navigator Fund LLC (the "Fund") in connection with an offer (the "Offer") by the Fund to purchase up to 5% of the Fund's shares of limited liability company interests (including fractions thereof)("Shares") outstanding as of June 30, 2025 (or approximately $20,118,489, or approximately 1,968,541 Shares) on the terms and subject to the conditions set out in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and the Letter of Transmittal were previously filed as Exhibits (a)(1)(ii) and (a)(1)(iii) to the Statement.
This is the Final Amendment to the Statement and is being filed to report the results of the Offer. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase.
The following information is furnished pursuant to Rule 13e-4(c)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"):
| 1. |
The Offer expired at 12:00 midnight, Eastern Time, on September 17, 2025. |
| 2. |
365,810.52 Class I Shares were validly tendered and not withdrawn prior to the expiration of the Offer. The Fund accepted for purchase 100% of the Class I Shares that were validly tendered and not withdrawn prior to the expiration of the Offer, and paid for 100% of the Class I Shares tendered, in accordance with the terms of the Offer. |
| 3. |
The net asset value of the Class I Shares tendered pursuant to the Offer was calculated as of September 30, 2025 in the amount of $3,905,758.96. |
Except as specifically provided herein, the information contained in the Statement, Offer to Purchase and the related Letter of Transmittal remains unchanged and this Final Amendment does not modify any of the information previously reported.
Item 12(b). Filing Fee.
Filing Fee Exhibit
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete and correct.
| ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC | ||
| By: |
/s/ James Walker |
|
| Name: James Walker | ||
| Title: President and Chief Executive Officer | ||
November 14, 2025
EXHIBIT INDEX
Exhibit
Filing Fee Exhibit