Fixed: Failed to create the configuration database. An exception of type System.Security.AccessControl.PrivilegeNotHeldException was thrown. Additional exception information: The process does not possess the ‘SeSecurityPrivile...

Hi,

Got the below error while running the Configuration Wizard in SharePoint 2013.

Adding the user under which the installation was running to the Manage Security and Audit Log resolved the issue for us.

gpedit.msc àcomputer configurationàWindows Settings àSecurity Settings àUser Rights Assignment

Hope it helps.