Notice2023-10782

PGIM Investments LLC and PGIM Private Credit Fund

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
May 19, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 97 (Friday, May 19, 2023)</title>
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[Federal Register Volume 88, Number 97 (Friday, May 19, 2023)]
[Notices]
[Page 32261]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10782]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34917; File No. 812-15401]


PGIM Investments LLC and PGIM Private Credit Fund

May 16, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from sections 
18(a)(2), 18(c), 18(i) and section 61(a) of the Act.

Summary of Application: Applicants request an order to permit certain 
closed-end management investment companies that have elected to be 
regulated as business development companies to issue multiple classes 
of shares with varying sales loads and asset-based distribution and/or 
service fees.

Applicants: PGIM Investments LLC and PGIM Private Credit Fund.

Filing Dates:  The application was filed on November 1, 2022, and 
amended on May 5, 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#1b487e78697e6f7a69626836547d7d72787e5b687e78357c746d"><span class="__cf_email__" data-cfemail="5a093f39283f2e3b28232977153c3c33393f1a293f39743d352c">[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 June 12, 
2023, and should be accompanied by proof of service on 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.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#5a093f39283f2e3b28232977153c3c33393f1a293f39743d352c"><span class="__cf_email__" data-cfemail="edbe888e9f88998c9f949ec0a28b8b848e88ad9e888ec38a829b">[email&#160;protected]</span></a>. The Applicants: 
Claudia DiGiacomo, <a href="/cdn-cgi/l/email-protection#51323d30243538307f3538363830323e3c3e112136383c7f323e3c"><span class="__cf_email__" data-cfemail="2546494450414c440b414c424c44464a484a6555424c480b464a48">[email&#160;protected]</span></a>; Debra Rubano, 
<a href="/cdn-cgi/l/email-protection#2e4a4b4c5c4f005c5b4c4f40416e5e5c5b4a4b405a474f42004d4143"><span class="__cf_email__" data-cfemail="e38786819182cd919681828d8ca393919687868d978a828fcd808c8e">[email&#160;protected]</span></a>; Benjamin C. Wells, <a href="/cdn-cgi/l/email-protection#bedcc9dbd2d2cdfecdcadcd2dfc990ddd1d3"><span class="__cf_email__" data-cfemail="2c4e5b4940405f6c5f584e404d5b024f4341">[email&#160;protected]</span></a>; and 
Ryan Brizek, <a href="/cdn-cgi/l/email-protection#3e4c475f50105c4c57445b557e4d4a5c525f49105d5153"><span class="__cf_email__" data-cfemail="12606b737c3c70607b687779526166707e73653c717d7f">[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 condition, please refer to Applicants' amended and 
restated application, dated May 5, 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="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://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. 2023-10782 Filed 5-18-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on May 19, 2023.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.