PGIM acquires outstanding 25% interest in direct lender Deerpath
The purchase of the remaining one-quarter share follows PGIM’s initial acquisition of a 75% stake in 2023

PGIM launches new private credit UCI for European and Asian wealth investors
The Luxembourg-domiciled vehicle invests in senior secured loans to middle market companies in North America, Europe and Australia, targeting companies with EBITDA between USD 10m and USD 75m

PGIM makes credit secondaries push, eyes mid-market deals
The new platform will combine secondaries and direct lending capabilities in one unit, while PGIM will actively consider US, Europe GP-led and LP-led deals

PGIM rolls out private credit secondaries platform
The asset manager will deploy up to USD 1bn into private credit secondaries over the next two years

There’s tremendous fragility in the system – PGIM’s co-CIO Greg Peters
PODCAST: “Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment officer at PGIM Fixed Income, on the latest episode of Credit Exchange with Lisa Lee

PGIM and Partners Group to create public-private asset portfolio products
The two struck a partnership to create multi-asset investment products designed for both individual investors and the institutional investor channel

PGIM raises USD 619m to finance oil and gas companies
The fund will provide flexible private debt and structured equity to fund middle market upstream oil and gas and midstream companies in North America

PGIM looks to build private credit secondaries strategy
EXCLUSIVE: The insurer-linked asset manager already has secondaries capabilities through the acquisition of Montana Capital Partners in 2021

PGIM shakes up credit platforms in major reorganization
The reorganization eliminates the separation between PGIM Private Capital and PGIM Fixed Income. The insurer-led firm appointed a single head of public and private fixed income  

Economic uncertainty clouds Milken conference but lev fin markets keep moving
Attendees leave a cloudy LA with few answers but a little more faith in the US leveraged finance markets

PGIM Fixed Income builds large cap direct lending with new hire
PGIM Fixed Income has picked up a former Texas Capital managing director as it builds out its large cap direct lending business 

PGIM to bring mezz fund back to market in 2025
PGIM Private Capital, the middle market private debt business of global investment manager PGIM, plans to launch its latest private credit mezzanine fund next year