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. Comparable strategies available under individual managed accounts.