Why Private Fixed Income?
We believe a fixed income allocation can offer investors a yield-enhancing complement to public bond porfolios. PGIM has invested in private placements since the 1940s, opening its Investment Grade strategy to instituional investors in 1976 and Below Invesment Grade in 2004.
- Investment Grade
- Below Investment Grade
- Senior, unsecured fixed-rate debt
- Vehicles Available: Commingled vehicle (PRIVEST) available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.
Investment Grade at a Glance
$8.9B
300+
BBB+
- Senior secured or unsecured, fixed-rate debt
- Focus on high quality high yield (BB+) with an up to 10% “distressed” sleeve
- Vehicles Available: Commingled vehicle (PRIVEST Plus) available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.
Below Investment Grade at a Glance
$736M
65+
BBB-
Steve Collins
Executive Managing Director and Chief Credit Officer Partner, Direct Lending
Matt Douglass
Head of Private Credit
Marie Fioramonti
Executive Managing Director and Head of Global Corporate Finance Partner, PGIM Capital Partners
Michael Campion
Managing Director and Portfolio Manager
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Weekly ViewImpressions of Warsh’s Fed NominationOur View from the Desk for the week of February 02 summarizes the macroeconomic and asset-class specific themes discussed in our weekly desk head meeting.
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Large Cap Private CreditUnderwriting Large Cap Private Credit: A Case Study in Attractive Economics, Tighter Documentation, and Favorable FundamentalsThe following case study highlights three potential areas of interest for private-credit investors.
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Weekly ViewThe Old Normal ReturnsOur View from the Desk for the week of January 26 summarizes the macroeconomic and asset-class specific themes discussed in our weekly desk head meeting.
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As of 6/30/2025, unless otherwise indicated.
