| Item 1. | |
| (a) | Name of issuer:
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC |
| (b) | Address of issuer's principal executive offices:
One North Wacker Drive, Suite 2700, Chicago, Illinois, 60606 |
| Item 2. | |
| (a) | Name of person filing:
CI Investments Inc. |
| (b) | Address or principal business office or, if none, residence:
15 York Street, 2nd Floor
Toronto, Ontario
Canada M5J 0-A3 |
| (c) | Citizenship:
Ontario, Canada |
| (d) | Title of class of securities:
CLASS I SHARES |
| (e) | CUSIP No.:
00640Q108 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) |  A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | Investment fund manager registered under securities legislation in Ontario, Quebec and Newfoundland and Labrador |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
The information set forth in Row 9 on the cover page is hereby incorporated by reference into this Item 4(a). |
| (b) | Percent of class:
The information set forth in Row 11 on the cover page is hereby incorporated by reference into this Item 4(b). |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
The information set forth in Rows 5 through 8 on the cover page is hereby incorporated by reference into this Item 4(c).
The Reporting Person serves as investment manager for private investment vehicles. The shares reported herein were acquired in the ordinary course of the Reporting Person's business and not with the purpose nor with the effect of changing or influencing the control of the issuer, nor in connection with nor as a participant in any transaction having such purpose or effect. The filing of this report shall not be construed as an admission that the Reporting Person is the beneficial owner of any such shares for purposes of Section 13(d) or Section 16(a) of the Exchange Act or for any other purpose.
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| | (ii) Shared power to vote or to direct the vote:
n/a
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| | (iii) Sole power to dispose or to direct the disposition of:
n/a
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| | (iv) Shared power to dispose or to direct the disposition of:
n/a
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
CI Adams Street Global Private Markets Fund, a trust for which the Reporting Person serves as investment manager and portfolio advisor, has the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Class I Shares of the Issuer. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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