It may come as a surprise that asset managers, like PGIM, ventured into private credit long before the global financial crisis when mainstream banks were still happy to lend. Given today's current environment, a growing number of investors are turning to multi-asset private credit mandates for the diversification benefits and stable risk-adjusted returns.

Investments & Pensions Europe (IPE) published an article exploring the evolving private credit landscape. In the article, Phil Waldeck, PGIM Portfolio Advisory CEO, shared his thoughts on PGIM's deep expertise in the space, as well as how investors are looking to multi-asset private credit strategies to meet their unique investment objectives.