| N-2 | May 03, 2024 USD ($) | |
| Cover [Abstract] | ||
| Entity Central Index Key | 0001816389 | |
| Amendment Flag | false | |
| Document Type | 424B3 | |
| Entity Registrant Name | BLACKROCK PRIVATE INVESTMENTS FUND | |
| Fee Table [Abstract] | ||
| Shareholder Transaction Expenses [Table Text Block] | Shareholder Transaction Expenses Institutional Shares Class D Shares Maximum Sales Load imposed on purchases (as a percentage of offering price) (1) None None Dividend Reinvestment Plan Fees (2) None None Maximum Early Repurchase Fee (3) 2.00 % 2.00 % (1) There is no sales load for Institutional Shares or Class D Shares; however, investors may be required to pay brokerage commissions on purchases or sales of Institutional Shares or Class D Shares to their Selling Agents. Investors should consult with their Selling Agents about any additional fees or charges their Selling Agents might impose on each class of Shares in addition to any fees imposed by the Fund. (2) The Reinvestment Plan Agent’s (as defined below under “Dividend Reinvestment Plan”) fees for the handling of the reinvestment of dividends (3) A 2.00% early repurchase fee payable to the Fund may be charged with respect to the repurchase of a shareholder’s Shares at any time prior to the one-year | |
| Other Transaction Expenses [Abstract] | ||
| Annual Expenses [Table Text Block] | Annual Expenses Management Fees (4)(10) 1.75 % 1.75 % Servicing Fee (5) None 0.25 % Other Expenses (6) 1.52 % 1.51 % Acquired Fund Fees and Expenses (7)(8) 1.08 % 1.08 % Total Annual Expenses 4.35 % 4.59 % Fee Waiver and/or Expense Reimbursement (9)(10) (1.90 )% (1.89 )% Total Annual Expenses After Fee Waiver and/or Expense Reimbursement (9)(10) 2.45 % 2.70 % (4) The Advisor receives a management fee at an annual rate equal to 1.75% of the Fund’s net assets determined monthly (before the accrual of the distribution fee and the management fee for that month and after the accrual of any expense reimbursements owed to the Fund by the Advisor pursuant to the Expense Agreement for that month). Effective as of May 3, 2024, the Advisor has contractually agreed to reduce its net management fee to an annual rate of 0.65% until December 31, 2025, unless otherwise extended by agreement between the Fund and the Advisor (the “Fee Reduction Agreement”). Prior to May 3, 2024, the Advisor had contractually agreed to reduce its net management fee to an annual rate of 1.00% from April 19, 2022 until May 2, 2024. See “Management of the Fund—Investment Management Agreement.” (5) Institutional Shares are not subject to a distribution fee or shareholder servicing fee. Class D Shares are subject to an ongoing shareholder servicing fee (the “Servicing Fee”) that will accrue at an annual rate equal to 0.25%. The Distributor uses these fees, in respect of the Class D Shares, to compensate Selling Agents for providing ongoing services in respect of clients who own Class D Shares of the Fund (and not for distribution services). See “Plan of Distribution.” (6) Other Expenses have been restated to reflect current fees. (7) The Total Annual Expenses do not correlate to the ratios of expenses to average net assets given in the Fund’s most recent annual report, which do not include Acquired Fund Fees and Expenses or the restatement of Other Expenses to reflect current fees. (8) Includes fees and expenses of the Portfolio Funds in which the Fund invests. Some or all of the Portfolio Funds charge carried interest, incentive fees or allocations based on the Portfolio Funds’ performance. The Portfolio Funds in which the Fund invests generally charge a management fee of 1.00% to 2.00%, and approximately 20% of net profits as a carried interest allocation. The “Acquired Fund Fees and Expenses” disclosed above are based on historic returns of the Portfolio Funds in which the Fund invests and have been calculated in good faith based on the most reasonably available information to the Fund at the time of calculation. Fees and expenses of Portfolio Funds may be substantially higher or lower in the future and, therefore, significantly affect “Acquired Fund Fees and Expenses,” because certain fees are based on the performance of the Portfolio Funds, which may fluctuate over time. (9) Reflects a 1.10% contractual waiver on the management fee in place until December 31, 2025 pursuant to the Fee Reduction Agreement. (10) Effective November 15, 2023, the Fund has entered into an Expense Agreement pursuant to which the Advisor has agreed to waive and/or reimburse certain operating and other expenses of the Fund in order to limit certain expenses to 0.50% of the Fund’s average monthly value of the net assets of each share class. Prior to November 15, 2023, the Advisor agreed to waive and/or reimburse certain operating and other expenses of the Fund in order to limit certain expenses to 0.75% of the Fund’s average quarterly value of the net assets of each share class pursuant to a prior expense limitation agreement that was in effect from the commencement of operations of the Fund until November 15, 2023. Subject to the terms of the Expense Agreement and provided that the Fund has more than $50 million in assets and BlackRock or an affiliate serves as the Fund’s investment adviser or administrator, expenses borne by the Advisor in the prior two fiscal years of the Fund are subject to recoupment by the Advisor. Such recoupment arrangement will terminate on December 31, 2027. The Fund will carry forward any waivers and/or reimbursements of fees and expenses in excess of the Expense Cap and repay the Advisor such amount provided the Fund is able to do so without exceeding the lesser of (1) the expense limit in effect at the time of the waiver or reimbursement, as applicable, or (2) the expense limit in effect at the time of recoupment after giving effect to the repayment. The Expense Agreement continues from year to year if approved by a majority of the Fund’s Independent Trustees. The current term of the Expense Agreement expires on June 30, 2025. The Expense Agreement may be terminated prior to June 30, 2025 only by action of a majority of the Independent Trustees or by a vote of a majority of the Fund’s outstanding voting securities. See “Management of the Fund—Investment Management Agreement—Expense Agreement” for more information regarding the operating and other expenses that the Advisor has agreed to waive and/or reimburse pursuant to the Expense Agreement. The Fund and the Advisor have also entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Fund’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2025. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Fund pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2025. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Fund (upon the vote of a majority of the Independent Trustees or a majority of the outstanding voting securities of the Fund), upon 90 days’ written notice by the Fund to the Advisor. | |
| Other Annual Expenses [Abstract] | ||
| Expense Example [Table Text Block] | As required by relevant SEC regulations, the following examples demonstrate the projected dollar amount of total expenses that would be incurred over various periods with respect to a hypothetical investment in Shares. In calculating the following expense amounts, the Fund has assumed its direct and indirect annual expenses would remain at the percentage levels set forth in the table above and that the Expense Agreement is only in effect for the first year since it expires on June 30, 2025. The Expense Agreement, however, does continue from year to year if approved by a majority of the Fund’s Independent Trustees. Actual expenses may be more or less than shown below. Example 1 An investor would pay the following expenses on a $1,000 investment in the Shares, assuming a 5% annual return: 1 Year 3 Years 5 Years 10 Years Institutional Shares $ 45 $ 115 $ 206 $ 438 Class D Shares $ 47 $ 122 $ 217 $ 458 You would pay the following if you did not tender your Shares for repurchase by the Fund: 1 Year 3 Years 5 Years 10 Years Institutional Shares $ 25 $ 115 $ 206 $ 438 Class D Shares $ 27 $ 122 $ 217 $ 458 Example 2 An investor would pay the following expenses on a $25,000 investment in Class D Shares, assuming a 5% annual return: 1 Year 3 Years 5 Years 10 Years Class D Shares $ 1,183 $ 3,040 $ 5,417 $ 11,445 You would pay the following if you did not tender your Shares for repurchase by the Fund: 1 Year 3 Years 5 Years 10 Years Class D Shares $ 683 $ 3,040 $ 5,417 $ 11,445 Example 3 An investor would pay the following expenses on a $1,000,000 investment in Institutional Shares, assuming a 5% annual return: 1 Year 3 Years 5 Years 10 Years Institutional Shares $ 44,812 $ 114,612 $ 205,582 $ 438,233 You would pay the following if you did not tender your Shares for repurchase by the Fund: 1 Year 3 Years 5 Years 10 Years Institutional Shares $ 24,812 $ 114,612 $ 205,582 $ 438,233 | |
| Purpose of Fee Table , Note [Text Block] | This table describes the fees and expenses that you may pay if you buy and hold Shares. | |
| Basis of Transaction Fees, Note [Text Block] | as a percentage of offering price | |
| Other Transaction Fees, Note [Text Block] | A 2.00% early repurchase fee payable to the Fund may be charged with respect to the repurchase of a shareholder’s Shares at any time prior to the one-year | |
| Other Expenses, Note [Text Block] | Other Expenses have been restated to reflect current fees. | |
| Management Fee not based on Net Assets, Note [Text Block] | The Advisor receives a management fee at an annual rate equal to 1.75% of the Fund’s net assets determined monthly (before the accrual of the distribution fee and the management fee for that month and after the accrual of any expense reimbursements owed to the Fund by the Advisor pursuant to the Expense Agreement for that month). Effective as of May 3, 2024, the Advisor has contractually agreed to reduce its net management fee to an annual rate of 0.65% until December 31, 2025, unless otherwise extended by agreement between the Fund and the Advisor (the “Fee Reduction Agreement”). Prior to May 3, 2024, the Advisor had contractually agreed to reduce its net management fee to an annual rate of 1.00% from April 19, 2022 until May 2, 2024. See “Management of the Fund—Investment Management Agreement.” | |
| Acquired Fund Fees and Expenses, Note [Text Block] | (7) The Total Annual Expenses do not correlate to the ratios of expenses to average net assets given in the Fund’s most recent annual report, which do not include Acquired Fund Fees and Expenses or the restatement of Other Expenses to reflect current fees. (8) Includes fees and expenses of the Portfolio Funds in which the Fund invests. Some or all of the Portfolio Funds charge carried interest, incentive fees or allocations based on the Portfolio Funds’ performance. The Portfolio Funds in which the Fund invests generally charge a management fee of 1.00% to 2.00%, and approximately 20% of net profits as a carried interest allocation. The “Acquired Fund Fees and Expenses” disclosed above are based on historic returns of the Portfolio Funds in which the Fund invests and have been calculated in good faith based on the most reasonably available information to the Fund at the time of calculation. Fees and expenses of Portfolio Funds may be substantially higher or lower in the future and, therefore, significantly affect “Acquired Fund Fees and Expenses,” because certain fees are based on the performance of the Portfolio Funds, which may fluctuate over time. | |
| Acquired Fund Fees Estimated, Note [Text Block] | The “Acquired Fund Fees and Expenses” disclosed above are based on historic returns of the Portfolio Funds in which the Fund invests and have been calculated in good faith based on the most reasonably available information to the Fund at the time of calculation. | |
| Acquired Fund Incentive Allocation, Note [Text Block] | The Portfolio Funds in which the Fund invests generally charge a management fee of 1.00% to 2.00%, and approximately 20% of net profits as a carried interest allocation. | |
| Institutional Shares [Member] | ||
| Fee Table [Abstract] | ||
| Sales Load [Percent] | 0% | [1] |
| Dividend Reinvestment and Cash Purchase Fees | $ 0 | [2] |
| Other Transaction Expenses [Abstract] | ||
| Other Transaction Expenses [Percent] | 2% | [3] |
| Management Fees [Percent] | 1.75% | [4],[5] |
| Distribution/Servicing Fees [Percent] | 0% | [6] |
| Acquired Fund Fees and Expenses [Percent] | 1.08% | [7],[8] |
| Other Annual Expenses [Abstract] | ||
| Other Annual Expenses [Percent] | 1.52% | [9] |
| Total Annual Expenses [Percent] | 4.35% | |
| Waivers and Reimbursements of Fees [Percent] | (1.90%) | [4],[10] |
| Net Expense over Assets [Percent] | 2.45% | [4],[10] |
| Class D Shares [Member] | ||
| Fee Table [Abstract] | ||
| Sales Load [Percent] | 0% | [1] |
| Dividend Reinvestment and Cash Purchase Fees | $ 0 | [2] |
| Other Transaction Expenses [Abstract] | ||
| Other Transaction Expenses [Percent] | 2% | [3] |
| Management Fees [Percent] | 1.75% | [4],[5] |
| Distribution/Servicing Fees [Percent] | 0.25% | [6] |
| Acquired Fund Fees and Expenses [Percent] | 1.08% | [7],[8] |
| Other Annual Expenses [Abstract] | ||
| Other Annual Expenses [Percent] | 1.51% | [9] |
| Total Annual Expenses [Percent] | 4.59% | |
| Waivers and Reimbursements of Fees [Percent] | (1.89%) | [4],[10] |
| Net Expense over Assets [Percent] | 2.70% | [4],[10] |
| Common Shares [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Basis of Transaction Fees, Note [Text Block] | expenses that you pay each year as a percentage of average net assets attributable to Shares | |
| Institutional Shares 1000 [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | $ 45 | |
| Expense Example, Years 1 to 3 | 115 | |
| Expense Example, Years 1 to 5 | 206 | |
| Expense Example, Years 1 to 10 | 438 | |
| Class D Shares 1000 [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 47 | |
| Expense Example, Years 1 to 3 | 122 | |
| Expense Example, Years 1 to 5 | 217 | |
| Expense Example, Years 1 to 10 | 458 | |
| Institutional Shares 1000 Not Tender [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 25 | |
| Expense Example, Years 1 to 3 | 115 | |
| Expense Example, Years 1 to 5 | 206 | |
| Expense Example, Years 1 to 10 | 438 | |
| Class D Shares 1000 Not Tender [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 27 | |
| Expense Example, Years 1 to 3 | 122 | |
| Expense Example, Years 1 to 5 | 217 | |
| Expense Example, Years 1 to 10 | 458 | |
| Class D Shares 25000 [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 1,183 | |
| Expense Example, Years 1 to 3 | 3,040 | |
| Expense Example, Years 1 to 5 | 5,417 | |
| Expense Example, Years 1 to 10 | 11,445 | |
| Class D Shares 25000 Not Tender [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 683 | |
| Expense Example, Years 1 to 3 | 3,040 | |
| Expense Example, Years 1 to 5 | 5,417 | |
| Expense Example, Years 1 to 10 | 11,445 | |
| Institutional Shares 1000000 [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 44,812 | |
| Expense Example, Years 1 to 3 | 114,612 | |
| Expense Example, Years 1 to 5 | 205,582 | |
| Expense Example, Years 1 to 10 | 438,233 | |
| Institutional Shares 1000000 Not Tender [Member] | ||
| Other Annual Expenses [Abstract] | ||
| Expense Example, Year 01 | 24,812 | |
| Expense Example, Years 1 to 3 | 114,612 | |
| Expense Example, Years 1 to 5 | 205,582 | |
| Expense Example, Years 1 to 10 | $ 438,233 | |
| [1]There is no sales load for Institutional Shares or Class D Shares; however, investors may be required to pay brokerage commissions on purchases or sales of Institutional Shares or Class D Shares to their Selling Agents. Investors should consult with their Selling Agents about any additional fees or charges their Selling Agents might impose on each class of Shares in addition to any fees imposed by the Fund.[2]The Reinvestment Plan Agent’s (as defined below under “Dividend Reinvestment Plan”) fees for the handling of the reinvestment of dividends will be paid by the Fund. Any fees attributable to the Dividend Reinvestment Plan are included in the estimate of “Other Expenses.”[3]A 2.00% early repurchase fee payable to the Fund may be charged with respect to the repurchase of a shareholder’s Shares at any time prior to the one-year anniversary of a shareholder’s purchase of the Shares (on a “first in - first out” basis). An early repurchase fee payable by a shareholder may be waived by the Fund, in circumstances where the Board determines that doing so is in the best interests of the Fund and in a manner as will not discriminate unfairly against any shareholder. See “Repurchase of Fund Shares; Transfer Restrictions.”[4]Effective November 15, 2023, the Fund has entered into an Expense Agreement pursuant to which the Advisor has agreed to waive and/or reimburse certain operating and other expenses of the Fund in order to limit certain expenses to 0.50% of the Fund’s average monthly value of the net assets of each share class. Prior to November 15, 2023, the Advisor agreed to waive and/or reimburse certain operating and other expenses of the Fund in order to limit certain expenses to 0.75% of the Fund’s average quarterly value of the net assets of each share class pursuant to a prior expense limitation agreement that was in effect from the commencement of operations of the Fund until November 15, 2023. Subject to the terms of the Expense Agreement and provided that the Fund has more than $50 million in assets and BlackRock or an affiliate serves as the Fund’s investment adviser or administrator, expenses borne by the Advisor in the prior two fiscal years of the Fund are subject to recoupment by the Advisor. Such recoupment arrangement will terminate on December 31, 2027. The Fund will carry forward any waivers and/or reimbursements of fees and expenses in excess of the Expense Cap and repay the Advisor such amount provided the Fund is able to do so without exceeding the lesser of (1) the expense limit in effect at the time of the waiver or reimbursement, as applicable, or (2) the expense limit in effect at the time of recoupment after giving effect to the repayment. The Expense Agreement continues from year to year if approved by a majority of the Fund’s Independent Trustees. The current term of the Expense Agreement expires on June 30, 2025. The Expense Agreement may be terminated prior to June 30, 2025 only by action of a majority of the Independent Trustees or by a vote of a majority of the Fund’s outstanding voting securities. See “Management of the Fund—Investment Management Agreement—Expense Agreement” for more information regarding the operating and other expenses that the Advisor has agreed to waive and/or reimburse pursuant to the Expense Agreement. The Fund and the Advisor have also entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Fund’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2025. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Fund pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2025. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Fund (upon the vote of a majority of the Independent Trustees or a majority of the outstanding voting securities of the Fund), upon 90 days’ written notice by the Fund to the Advisor.[5]The Advisor receives a management fee at an annual rate equal to 1.75% of the Fund’s net assets determined monthly (before the accrual of the distribution fee and the management fee for that month and after the accrual of any expense reimbursements owed to the Fund by the Advisor pursuant to the Expense Agreement for that month). Effective as of May 3, 2024, the Advisor has contractually agreed to reduce its net management fee to an annual rate of 0.65% until December 31, 2025, unless otherwise extended by agreement between the Fund and the Advisor (the “Fee Reduction Agreement”). Prior to May 3, 2024, the Advisor had contractually agreed to reduce its net management fee to an annual rate of 1.00% from April 19, 2022 until May 2, 2024. See “Management of the Fund—Investment Management Agreement.”[6]Institutional Shares are not subject to a distribution fee or shareholder servicing fee. Class D Shares are subject to an ongoing shareholder servicing fee (the “Servicing Fee”) that will accrue at an annual rate equal to 0.25%. The Distributor uses these fees, in respect of the Class D Shares, to compensate Selling Agents for providing ongoing services in respect of clients who own Class D Shares of the Fund (and not for distribution services). See “Plan of Distribution.”[7]Includes fees and expenses of the Portfolio Funds in which the Fund invests. Some or all of the Portfolio Funds charge carried interest, incentive fees or allocations based on the Portfolio Funds’ performance. The Portfolio Funds in which the Fund invests generally charge a management fee of 1.00% to 2.00%, and approximately 20% of net profits as a carried interest allocation. The “Acquired Fund Fees and Expenses” disclosed above are based on historic returns of the Portfolio Funds in which the Fund invests and have been calculated in good faith based on the most reasonably available information to the Fund at the time of calculation. Fees and expenses of Portfolio Funds may be substantially higher or lower in the future and, therefore, significantly affect “Acquired Fund Fees and Expenses,” because certain fees are based on the performance of the Portfolio Funds, which may fluctuate over time.[8]The Total Annual Expenses do not correlate to the ratios of expenses to average net assets given in the Fund’s most recent annual report, which do not include Acquired Fund Fees and Expenses or the restatement of Other Expenses to reflect current fees.[9]Other Expenses have been restated to reflect current fees.[10]Reflects a 1.10% contractual waiver on the management fee in place until December 31, 2025 pursuant to the Fee Reduction Agreement. | ||
