Below Investment Grade: PRIVEST PLUS

A separate account organized under a group annuity contract, PRIVEST Plus is a commingled vehicle available since 2004 that is focused on fixed rate, below investment grade private placements with a BBB and distressed sleeve.

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Investment Strategy

The fixed rate, below investment grade market is small in size relative to the bank loan / floating rate market and the market’s regulatory and other market inefficiencies can present unique investment opportunities.

PGIM Private Capital’s wide sourcing net, scale, and experience provide unique advantages in this niche market. The PRIVEST Plus return objective is the U.S. Intermediate Credit Index plus 250 basis points. It is only available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.

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Senior Management Oversight

Steve Collins
Steve Collins

Executive Managing Director and Chief Credit Officer Partner, Direct Lending

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Matt Douglass
Matt Douglass

Head of Private Credit

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Marie Fioramonti
Marie Fioramonti

Executive Managing Director and Head of Global Corporate Finance Partner, PGIM Capital Partners

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