Notice2025-09023
PGIM, Inc. and PGIM U.S. Employee Co-Invest, L.P.
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 20, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 96 (Tuesday, May 20, 2025)</title>
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[Federal Register Volume 90, Number 96 (Tuesday, May 20, 2025)]
[Notices]
[Page 21531]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09023]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35589; File No. 813-00417]
PGIM, Inc. and PGIM U.S. Employee Co-Invest, L.P.
May 15, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application for an order under sections 6(b) and 6(e)
of the Investment Company Act of 1940 (the ``Act'') granting an
exemption from all provisions of the Act, except sections 9, 17, 30, 36
through 53, and the rules and regulations under the Act (the ``Rules
and Regulations''). With respect to sections 17(a), (d), (e), (f), (g),
and (j) of the Act, sections 30(a), (b), (e), and (h) of the Act and
the Rules and Regulations and rule 38a-1 under the Act, applicants
request a limited exemption as set forth in the application.
SUMMARY OF APPLICATION: Applicants request an order to exempt certain
limited partnerships, limited liability companies, business trusts or
other entities (``Funds'') formed for the benefit of eligible employees
of PGIM, Inc. and its affiliates from certain provisions of the Act.
Each Fund, and each series thereof with segregated assets and
liabilities, will be an ``employees' securities company'' with the
meaning of section 2(a)(13) of the Act.
APPLICANTS: PGIM, Inc. and PGIM U.S. Employee Co-Invest, L.P.
FILING DATES: The application was filed on February 27, 2024 and
amended on March 21, 2025.
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#2d7e484e5f48594c5f545e00624b4b444e486d5e484e034a425b"><span class="__cf_email__" data-cfemail="91c2f4f2e3f4e5f0e3e8e2bcdef7f7f8f2f4d1e2f4f2bff6fee7">[email 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 9, 2025, 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 at
<a href="/cdn-cgi/l/email-protection#4b182e28392e3f2a39323866042d2d22282e0b382e28652c243d"><span class="__cf_email__" data-cfemail="fba89e98899e8f9a898288d6b49d9d92989ebb889e98d59c948d">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#adfec8cedfc8d9ccdfd4de80e2cbcbc4cec8eddec8ce83cac2db"><span class="__cf_email__" data-cfemail="cb98aea8b9aebfaab9b2b8e684adada2a8ae8bb8aea8e5aca4bd">[email protected]</span></a>. Applicants:
Ernest Ceberio, PGIM Real Estate, 655 Broad Street, Newark, NJ 07102;
David A. Hearth, <a href="/cdn-cgi/l/email-protection#482c293e212c202d293a3c200838293d2420293b3c21262f3b662b2725"><span class="__cf_email__" data-cfemail="d2b6b3a4bbb6bab7b3a0a6ba92a2b3a7bebab3a1a6bbbcb5a1fcb1bdbf">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Deepak Pai, Senior Counsel, Thomas
Ahmadifar, 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' first amended and
restated application, dated March 21, 2025, 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/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call
the SEC's Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-09023 Filed 5-19-25; 8:45 am]
BILLING CODE 8011-01-P
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