2023 PGIM X CAIA Private Debt APAC Forum
Where can investors unlock opportunities in private debt and direct lending to meet investment objectives?
PGIM Private Capital Direct Lending focuses on providing senior secured loans. These loans benefit from liquidation preference, contractual debt repayment, full covenants, and terms protections. Key tenants of our strategy include:
We have managed our Direct Lending strategy since 2000, investing $7.7 billion in the asset class over our 23-year track record.*
Our disciplined underwriting, experienced investment committee, and in-house workouts resources have allowed us to generate what we believe are strong risk-adjusted returns through market cycles with low default and loss rates.
Our Direct Lending strategy originates loans through PGIM Private Capital’s network of 15 offices across the globe – providing access to direct deal flow – and through comprehensive coverage of sponsors and intermediaries with dedicated direct lending coverage in select offices. Our ability to originate both non-sponsored and sponsored loans enables selectivity and relative value selection as markets move at difference cadence.
*Sources of data (unless otherwise noted) are as of 6/30/2023.