Public-Private Debt Convergence Puts the Squeeze on Smaller Managers
PGIM’s Phil Waldeck and Gabriel Rivera discuss the convergence of public and private credit in FundFire.
David Hunt, PGIM President and CEO, joined Bloomberg TV’s Wall Street Week for a one-on-one conversation about economic and geopolitical forces that are driving investment decisions. Hunt noted that geopolitical risks and their potential impact to portfolios are top of mind for institutional investors, particularly as the world navigates a busy year for elections in major economies. However, for long-term investors, market volatility can present new opportunities to deploy capital, he explained.
Hunt also discussed the importance of maintaining liquidity in an uncertain environment, the divergence in economic results around the globe, and how asset-backed finance will be a major contributor to the next phase of growth in private credit.
PGIM’s Phil Waldeck and Gabriel Rivera discuss the convergence of public and private credit in FundFire.
Hunt joined Bloomberg TV to reflect on his tenure at PGIM, the firm’s global growth, and the evolution of asset management during his career.
Andy Sullivan, CEO of Prudential Financial, Inc. joins Bloomberg TV during the 2025 Milken Institute Global Conference.