PGIM broadens private credit offering with new wealth fund

▤ Summary

PGIM launched a new global private credit fund for wealth investors in the UK, Europe, and Asia. The Luxembourg-domiciled vehicle will invest in middle-market companies across North America, Europe, and Australia, with a portion allocated to non-sponsored loans. PGIM says the fund gives wealth clients broader access to private credit and a diversified return stream. The firm now manages more than $100bn in private credit assets and has over two decades of direct lending experience.

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