Vagrant 2.2.18, OSX 11.6 cannot create private network

Vagrant
5

I am getting the same error on MacOS 11.6. VirtualBox version : 6.1.28 r147628 (Qt5.6.3)

I1021 13:15:23.604631   19891 main.go:130] libmachine: Found a new host-only adapter: "vboxnet5"
I1021 13:15:23.604650   19891 main.go:130] libmachine: COMMAND: /usr/local/bin/VBoxManage hostonlyif ipconfig vboxnet5 --ip 192.168.99.5 --netmask 255.255.255.0
I1021 13:15:23.691311   19891 main.go:130] libmachine: STDOUT:
{
}
I1021 13:15:23.691349   19891 main.go:130] libmachine: STDERR:
{
VBoxManage: error: Code E_ACCESSDENIED (0x80070005) - Access denied (extended info not available)
VBoxManage: error: Context: "EnableStaticIPConfig(Bstr(pszIp).raw(), Bstr(pszNetmask).raw())" at line 242 of file VBoxManageHostonly.cpp
}