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 optimizing 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+
150+
800+
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$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 client's unique priorities and long-term objectives by finding the optimal balance to serve their goals.
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
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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.
