PGIM Launches Article 8 CLO Fund in Europe

PGIM launches global CLO fund

PGIM, the global asset management business of US-based Prudential Financial Inc, has launched a Ucits-compliant Global AAA CLO Fund with $25 million of the firm’s own seed capital. The fund, which complements PGIM’s $77 billion collateralised loan obligations (CLO) platform, will focus on the senior debt tranches (those rated AAA) of US and European CLOs,

PGIM launches Article 8 CLO fund in Europe

The firm wants to open up the collateralize loan obligation market up to financial intermediaries and wealth investors.

PGIM launches UCITS Global AAA CLO Fund - Wealth DFM

PGIM has launched the UCITS PGIM Global AAA CLO Fund with $25 million of PGIM seed capital. The Fund complements PGIM’s $77 billion collateralised loan obligations (CLO) platform and aligns with PGIM’s long-term growth ambitions. The Fund focuses on the senior debt tranches (those rated AAA) of US and European CLOs, offering intermediaries and the wealth channel — in addition to institutional investors — access to the CLO market, which has been …

PGIM launches UCITS CLO fund

US-based asset manager PGIM has launched a fund investing in US and European collateralised loan obligations (CLOs).  The UCITS PGIM Global AAA CLO fund has been seeded with $25m of capital by the firm, and is supported by its $77bn collateralised loan obligations (CLO) platform.  It focuses on AAA-rated senior debt tranches across the CLO market, and it can invest up to 20% in AA-rated tranches.  The group said investors are allocating more tow…