Securities and Exchange Commission November 26, 2014 – Federal Register Recent Federal Regulation Documents

Applicants request an order that would permit (a) series of certain open-end management investment companies to issue shares (``Shares'') redeemable in large aggregations only (``Creation Units''); (b) secondary market transactions in Shares to occur at negotiated market prices rather than at net asset value (``NAV''); (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days after the tender of Shares for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Units; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares.

Applicants request an order to exempt certain investment vehicles formed for the benefit of eligible employees of BlackRock, Inc. and its affiliates (``Partnerships'') from certain provisions of the Act. Each Partnership will be an ``employees' securities company'' within the meaning of section 2(a)(13) of the Act. Applicants: BlackRock, Inc. (``BlackRock''), BlackRock Energy Opportunity (Employees) Fund, L.P. (the ``Energy Fund''), Vesey Street Employee Fund IV, L.P. (the ``Vesey Street Fund''), BlackRock Energy Opportunity Fund GP, LLC (the ``Energy Fund GP''), BlackRock DivPEP IV, LLC (the ``Vesey Street Fund GP''), BlackRock Capital Management, Inc. (``BCM''), and BlackRock Investment Management, LLC (``BIM'').