Debevoise & Plimpton LLP has advised PGIM, the global asset management business of Prudential Financial (NYSE: PRU), in the formation of its $4.2 billion PGIM Senior Loan Opportunities II, L.P. fund, the second commingled private credit fund available to unaffiliated investors in its middle market direct lending series. For more information, please see the company’s press release.

The Debevoise team was led by investment management partner Jonathan Adler and counsel Colleen Bernaiche and Paul Laszlo and included associates Meir Cohen, Ilana Madorsky, Benjamin Reich and William Tunney, insurance M&A counsel Matthew Parelman, finance partners Ramya Tiller and Michael McGuigan and associate Stacy Lee, tax partner Michael Bolotin and associates Shanna Adler and Corey Mavleos. Funds regulatory advice was provided by investment management partners Sheena Paul, Marc Ponchione and Patricia Volhard, counsel Jin-Hyuk Jang and John Young and associates Christine Liu, Keith Moshe, Eric Olmesdahl, and Daniel Hyun Gu Yeo, employee benefits and executive compensation counsel Douglas Hirn and banking partner Jeff Robins and counsel Emilie Hsu.