SB 11.24.4

tayor ekataro hy arthaḥ
 prakṛtiḥ sobhayātmikā
jñānaṁ tv anyatamo bhāvaḥ
 puruṣaḥ so ’bhidhīyate
Synonyms: 
tayoḥ — of the two; ekataraḥ — one; hi — indeed; arthaḥ — entity; prakṛtiḥ — nature; — she; ubhaya-ātmikā — consisting of both the subtle causes and their manifest products; jñānam — (who possesses) consciousness; tu — and; anyatamaḥ — the other; bhāvaḥ — entity; puruṣaḥ — the living soul; saḥ — he; abhidhīyate — is called.
Translation: 
Of these two categories of manifestation, one is material nature, which embodies both the subtle causes and manifest products of matter. The other is the conscious living entity, designated as the enjoyer.
Purport: 

According to Śrīla Jīva Gosvāmī, prakṛti here refers to the subtle pradhāna, which later becomes manifest as mahat-tattva.