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
Nav
300+
Number of Issuers Represented
BBB+
Average Credit Quality
- 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
Nav
65+
Number of Issuers Represented
BBB-
Average Credit Quality
-
Emerging MarketsThe Stablecoin Wave: Policymaking Implications for EM Central BankersWe see efficiency gains from the spread of U.S. dollar-linked stablecoins in the least developed markets but the risks for more developed EM economies are quite significant.
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Weekly ViewMore Muddling May Continue Benefitting BondsOur View from the Desk for the week of December 15 summarizes the macroeconomic and asset-class specific themes discussed in our weekly desk head meeting.
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Central Bank PolicyFOMC December 2025: The Fed's Goldilocks cut and bullish projectionsDaleep Singh, Vice Chair and Chief Global Economist, reacts to the Fed's December 2025 policy meeting.
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As of 6/30/2025, unless otherwise indicated.
