20 May 2025
📈PGIM's SEC Exemption Application for Employee Fund Investments
PGIM, Inc. and PGIM U.S. Employee Co-Invest, L.P.
Summary
PGIM, Inc. and PGIM U.S. Employee Co-Invest, L.P. seek an SEC exemption from certain provisions of the Investment Company Act of 1940 to establish employee-focused funds. This notice outlines the hearing process for interested parties and provides contact information for further inquiries.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to a request for an exemption from certain provisions of the Investment Company Act, which allows PGIM, Inc. and its affiliates to establish employee-focused funds. Business owners and executives should consider the implications of these exemptions for operational flexibility and investment opportunities.