PGIM Launches Global Private Credit Fund

PGIM launches Global Private Credit Part II UCI for wealth investors

PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc.1, has launched the PGIM Global Private Credit Fund SCA (the “UCI”), a Luxembourg-domiciled Part II UCI fund designed for wealth investors in the UK, continental Europe and Asia. The lead portfolio manager is PGIM’s global head of middle market direct lending, Matthew Harvey, who also oversees the broader investment team. The UCI aims to deliver income, long-te…

PGIM broadens private credit offering with new wealth fund

PGIM has launched a global private credit fund for wealth investors across the UK, continental Europe and Asia. The $1.4tn (£1tn) asset management arm of Prudential Financial has launched the Luxembourg-domiciled Part II UCI fund, PGIM Global Private Credit Fund SCA. The vehicle will invest in middle-market companies across North America, Europe and Australia, targeting […] The post PGIM broadens private credit offering with new wealth fund appe…

PGIM launches global private credit fund

PGIM, the global asset management division of Prudential Financial, has launched the PGIM Global Private Credit Fund SCA, a Part II UCI fund for wealth investors in the UK, Europe and Asia. A Part II UCI fund is Luxembourg-regulated and operates as an Alternative Investment Fund (AIF). The strategy aims to deliver income, long-term capital appreciation and diversification by investing in secured loans to middle-market companies, focusing on less…