Form D · Other Investment Fund

PGIM Real Estate U.S. Debt Fund, L.P.

New York, NY · CIK 0001713971

Offering snapshot reported Aug 20, 2026 · SEC filing

Reported sold
$3.58B
Indefinite offering
Investors reported
149
Form D · investor count
Minimum accepted
$5M
Reported outside-investor minimum
First sale
Jul 18, 2017
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$1.79B$3.58BAug 20, 2025: $3,196,123,857.00Aug 20, 2025Aug 20, 2026: $3,579,197,157.00Aug 20, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$3,196,123,857 → $3,579,197,157

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 20, 2026Amendment$3,579,197,157$383,073,300vs Aug 20, 2025149SEC filing
Aug 20, 2025Amendment$3,196,123,857No comparisonNot reportedSEC filing
Aug 21, 2024Amendment$3,023,389,857$290,185,668vs Aug 21, 2023129SEC filing
Aug 21, 2023Amendment$2,733,204,189$207,770,000vs Aug 19, 2022112SEC filing
Aug 19, 2022Amendment$2,525,434,189$583,587,263vs Aug 20, 202194SEC filing
Aug 20, 2021Amendment$1,941,846,926$334,725,000vs Aug 20, 202076SEC filing
Aug 20, 2020Amendment$1,607,121,926$446,271,625vs Jul 31, 201965SEC filing
Jul 31, 2019Amendment$1,160,850,301$396,000,000vs Jul 31, 201847SEC filing
Jul 31, 2018Amendment$764,850,301$465,650,301vs Aug 21, 201719SEC filing
Aug 21, 2017Initial$299,200,000No comparison6SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.5, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$1.34M
Form D file number
021-293166
Additionally, some marketing representatives employed by affiliates of the issuer will receive a fee based on capital commitments made through such marketing representative.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Hana Financial Investment Co., LTDNoneHana Financial Investment Co., LTD
Prudential Investment Management Services LLC18353

Source: Form D, filed Aug 20, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

PGIM REAL ESTATE U.S. DEBT FUND, L.P.

Investment adviser: PGIM, INC.

Gross asset value
$6.45B
Beneficial owners
127
ADV minimum commitment
$5M

Reported in Form ADV on Apr 28, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS NEW YORK, New York, United States Other funds reporting this name →
Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer HANA SECURITIES CO., LTD. SEOUL, Korea, South Related to adviser: No Other funds reporting this name →
Marketer PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC NEWARK, New Jersey, United States Related to adviser: Yes Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PRICEWATERHOUSECOOPERS
PCAOB 238

J.P. MORGAN SECURITIES LLC
SEC 8-35008

PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC
CRD 18353 · SEC 8-36540

Fund asset history · 5 annual observations Gross asset value by annual ADV filing$0$3.23B$6.45BFY 2021: $4,138,568,647.00FY 2021FY 2022: $4,984,063,874.00FY 2022FY 2023: $4,984,063,874.00FY 2023FY 2024: $5,933,350,720.00FY 2024FY 2025: $6,451,196,463.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2021$4,138,568,64765Mar 30, 2022
2022$4,984,063,87465Mar 30, 2023
2023$4,984,063,87465Mar 29, 2024
2024$5,933,350,720117Mar 28, 2025
2025$6,451,196,463127Mar 27, 2026
Filing source

Form ADV 2099769 · Apr 28, 2026 · Schedule D 7.B.(1), fund 805-6667831578

Reported by PGIM, INC. (CRD 105676).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Daniel M. Abramoff Executive
Huvishka Ali Executive
Stephen Bailey Executive
Marc Brooks Executive
Christina Do Executive
John Jacobs Executive
Jeremy Keenan Executive
Michelle Kudesh Executive
Thomas Maron Executive
R.J. Richter Executive
Brian Sakamoto Executive
Kathryn Thurston Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
375 9 Th Avenue 38 Th Floor
New York, NY, 10001
Phone: 212-372-2850