Notice2023-04785

PGIM Private Real Estate Fund, Inc., et al.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
March 9, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 46 (Thursday, March 9, 2023)</title>
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[Federal Register Volume 88, Number 46 (Thursday, March 9, 2023)]
[Notices]
[Pages 14663-14664]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-04785]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34845; File No. 812-15325]


PGIM Private Real Estate Fund, Inc., et al.

March 3, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order (``Order'') under sections 17(d) 
and 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 
17d-1 under the Act to permit certain joint transactions otherwise 
prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 
under the Act.

Summary of Application:  Applicants request an order to permit certain 
business development companies (``BDCs'') and closed-end management 
investment companies to co-invest in portfolio companies with each 
other and with certain affiliated investment entities.

Applicants:  PGIM Private Real Estate Fund, Inc., PGIM, Inc., PGIM 
Investments LLC, PGIM Private Credit Fund, PGIM Real Estate U.S. Core 
Debt Fund, L.P., PGIM Real Estate U.S. Debt Fund LP, PGIM Real Estate 
U.S. Impact Value Partners LP, PGIM Retirement Real Estate Fund II LP, 
PRISA LP, PRISA II LP, PRISA III Fund LP, Senior Housing Partnership 
Fund VI LP, PGIM Senior Loan Opportunities (Levered) I, L.P., PGIM 
Senior Loan Opportunities I, L.P., PGIM Senior Loan Opportunities 
(Parallel Fund) I, L.P., PSLO I US Investors Levered Debt SPV LLC, PGIM 
US Investors/Non-US Senior Debt Levered I Fund, PGIM US Investors/Non-
US Senior Debt Levered I Supplemental Fund, PGIM Senior Loan 
Opportunities Management Fund I, L.P., PGIM US Investors/Non-US Senior 
Debt I Fund, PGIM Senior Debt I Management Fund, PGIM Senior Loan 
Opportunities I Co-Investment II, L.P., PGIM Non-US Investors/Non-US 
Senior Debt I Fund A, PGIM Non-US Investors/US Senior Debt I Fund A, 
PGIM Senior Loan Opportunities I Co-Investment I, L.P., PGIM Senior 
Loan Opportunities (Parallel Fund) II, L.P., PGIM Non-US Investors/US 
Senior Debt I Fund, PGIM Non-US Investors/Non-US Senior Debt I Fund, 
PGIM Private Capital Fund (Ireland) ICAV, Private Placement Trust 
Investors, LLC, PGIM Global Investors/Global Senior Debt II Fund, 
PRIVEST, PRIVEST PLUS, PGIM Infrastructure Debt Fund, Gibraltar 
Universal Life Reinsurance Company, PRUCO Life Insurance Company, PRUCO 
Life Insurance Company of New Jersey, Prudential Annuities Life 
Assurance Corporation, Prudential Arizona Reinsurance Captive Company, 
Prudential Arizona Reinsurance Term Company, Prudential Arizona 
Reinsurance Universal Company, Prudential Legacy Insurance Company of 
New Jersey, Prudential Term Reinsurance Company, Prudential Universal 
Reinsurance Company, Universal Prudential Arizona Reinsurance Company, 
PAR U Hartford Life& Annuity Comfort Trust, PAR U Hartford Life 
Insurance Comfort Trust, PICA Hartford Life& Accident Comfort Trust, 
PICA Hartford Life& Annuity Comfort Trust, PICA Hartford Life Insurance 
Comfort Trust, PRUCO Reinsurance Ltd., The Gibraltar Life Insurance 
Co.,Ltd., The Prudential Life Insurance Company,Ltd., Gibraltar 
Reinsurance Company Ltd., PGIM Warehouse,Inc., Dryden Arizona 
Reinsurance Term Company, Lotus Reinsurance Company Ltd., The 
Prudential Insurance Company of America.

Filing Dates:  The application was filed on April 22, 2022, and amended 
on November 1, 2022 and February 3, 2023.

Hearing or Notification of Hearing:  An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#81d2e4e2f3e4f5e0f3f8f2accee7e7e8e2e4c1f2e4e2afe6eef7"><span class="__cf_email__" data-cfemail="f3a0969081968792818a80debc95959a9096b3809690dd949c85">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below.
    Hearing requests should be received by the Commission by 5:30 p.m. 
on March 28, 2023, and should be accompanied by proof of service on

[[Page 14664]]

applicants, in the form of an affidavit or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
<a href="/cdn-cgi/l/email-protection#80d3e5e3f2e5f4e1f2f9f3adcfe6e6e9e3e5c0f3e5e3aee7eff6"><span class="__cf_email__" data-cfemail="b9eadcdacbdccdd8cbc0ca94f6dfdfd0dadcf9cadcda97ded6cf">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#90c3f5f3e2f5e4f1e2e9e3bddff6f6f9f3f5d0e3f5f3bef7ffe6"><span class="__cf_email__" data-cfemail="b5e6d0d6c7d0c1d4c7ccc698fad3d3dcd6d0f5c6d0d69bd2dac3">[email&#160;protected]</span></a>. Applicants: 
Claudia DiGiacomo, <a href="/cdn-cgi/l/email-protection#cfaca3aebaaba6aee1aba6a8a6aeaca0a2a08fbfbdbaabaaa1bba6aea3e1aca0a2"><span class="__cf_email__" data-cfemail="d5b6b9b4a0b1bcb4fbb1bcb2bcb4b6bab8ba95a5a7a0b1b0bba1bcb4b9fbb6bab8">[email&#160;protected]</span></a>; Benjamin C. Wells, 
<a href="/cdn-cgi/l/email-protection#83e1f4e6efeff0c3f0f7e1efe2f4ade0ecee"><span class="__cf_email__" data-cfemail="5f3d283a33332c1f2c2b3d333e28713c3032">[email&#160;protected]</span></a>; Ryan P. Brizek, <a href="/cdn-cgi/l/email-protection#fc8e859d92d29e8e95869997bc8f889e909d8bd29f9391"><span class="__cf_email__" data-cfemail="7b09021a1555190912011e103b080f19171a0c55181416">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, Senior Counsel, or 
Terri G. Jordan, Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' second amended 
and restated application, dated February 3, 2023, which may be obtained 
via the Commission's website by searching for the file number at the 
top of this document, or for an Applicant using the Company name search 
field, on the SEC's EDGAR system. The SEC's EDGAR system may be 
searched at <a href="http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may also call the SEC's Public Reference Room 
at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-04785 Filed 3-8-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on March 9, 2023.

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