As banks continue to pull back from some riskier segments of the lending market, private credit players have stepped in to fill the gap. But a credit-risk approach that looks at private credit separately from public is no longer suitable due to the growing overlap and interplay between the two segments.
PGIM brought together experts from its affiliates to discuss the interplay between public and private credit, how asset owners and allocators can manage risk in the current environment, and where investors can find new possibilities across the credit spectrum.
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