The Lines Between Public and Private Credit Are Fading. Scale and Integration Now Define the Investor Advantage.
Allocators are navigating a credit market that's more complex and interconnected than ever before. The challenge no longer lies in choosing between public and private, but managing both with clarity. Investors need a way to see and act across the whole credit spectrum—not in silos—so they can find the edge in a rapidly evolving environment.
In a Converging Credit World, the Right Strategic Partner Is Critical
When the goal is optimising credit exposure, a partner who helps investors balance liquidity with opportunity, discipline with deployment, and near-term dynamics with long-term stability can make the difference between reacting to change and being prepared for it.
Connected Insight, Unified Outcomes
$1T+
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800+
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3000+
$30B
PUT THE FULL SPECTRUM TO WORK
PGIM's credit platform brings together cycle-tested capabilities across the credit spectrum to deliver differentiated market access while balancing liquidity, relative value, and portfolio construction across markets. It is designed to meet clients' unique priorities and long-term objectives by finding the optimal balance to serve their goals.
Featured Offerings
THE PEOPLE BEHIND THE PLATFORM
John Vibert
Head of Credit
PGIM Credit
Matt Douglass
Head of Private Credit
PGIM Credit
Matthew Harvey
Managing Director and Head of Direct Lending
Credit
Edwin Wilches, CFA
Co-Head of Securitized Products
PGIM Credit
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AAA CLOs: Compelling Income in a Volatile WorldPGIM’s Edwin Wilches, CFA, Gabriel Rivera and Connor Byrnes share how investors may enhance risk-adjusted return potential through AAA CLOs.
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The Growing Appeal of CLOsCollateralised Loan Obligations (CLOs) represent a rapidly expanding market, offering distinct opportunities within the fixed income landscape. Their impressive growth has been fuelled by attractive yields, strong performance, diversification benefits, and effective mitigation of interest rate and credit risks.
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Steady Currents, Hidden WavesPGIM asset managers reveal key factors shaping their 2026 outlooks, offering insights to help investors capitalize on market stability and uncover growth beneath the surface.
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Inside Private Credit: Understanding Payment-in-KindPGIM’s Dianna Carr-Coletta unpacks PIK—and why its growing use warrants a closer look.
Read More
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Private Credit: Outsized Promise in the Middle MarketPGIM examines private credit investing dynamics, particularly in middle market lending.
Read More
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PGIM sourced data as of September 30, 2025 (unless otherwise noted). Assets represent gross AUM/AUA unless otherwise specified, and totals may not sum due to rounding and double counting. AUM/AUA figures are based on company estimates and are subject to change. The data includes public credit (excluding government debt), private credit, and private real estate debt; legacy asset management activity through PFI, founded in 1875; and commercial real estate mortgage lending that began in 1878. Public fixed income net AUM excludes government debt. Private credit gross AUM is $123.8 billion with AUA of $1.2 billion. Private credit net AUM is $120.8 billion. Real estate gross AUM/AUA is included, with net AUM of $139.0 billion and AUA of $49.3 billion. All figures include net AUM.
References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. The securities referenced may or may not be held in the portfolio at the time of publication and, if such securities are held, no representation is being made that such securities will continue to be held.
The views expressed herein are those of PGIM investment professionals at the time the comments were made, may not be reflective of their current opinions, and are subject to change without notice. Neither the information contained herein nor any opinion expressed shall be construed to constitute investment advice or an offer to sell or a solicitation to buy any securities mentioned herein. Neither PFI, its affiliates, nor their licensed sales professionals render tax or legal advice. Clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation. Certain information in this commentary has been obtained from sources believed to be reliable as of the date presented; however, we cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice. The manager has no obligation to update any or all such information; nor do we make any express or implied warranties or representations as to the completeness or accuracy.
Any projections or forecasts presented herein are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated based on assumptions, subject to significant revision, and may change materially as economic and market conditions change.
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