Infrastructure Debt: PGIM Infrastructure Debt Fund
Organized under a group annuity contract in 2021, the PGIM Infrastructure Debt Fund is a comingled vehicle focused on investment grade and high quality below investment grade private placements focused on the infrastructure segment.
Investment Strategy
Available only to qualified U.S. pension plans (comparable strategies available under individual managed accounts), the PGIM Infrastructure Debt Fund is focused on an average quality of BBB/BBB- which we view as the most attractive risk/return opportunity in the infrastructure space. PGIM Private Capital has invested in renewable and core infrastructure financing since the 10s and has historically only offered investment in this sector in the context of a broad private placement mandate. This Fund, and single investor account mandates, are now offered with this focus.
This asset class has high barriers to entry and less cyclicality while offering higher spreads than comparably rated corporate debt.
The fund is only available for investment to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.
Senior Management Oversight
Wendy Carlson
Managing Director
& Head of Power and Renewables
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Steve Collins
Executive Managing Director
& Chief Credit Officer
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Matt Douglass
Senior Managing Director
& Head of PGIM Private Capital
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Marie Fioramonti
Executive Managing Director
& Head of Global Corporate Finance
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William Pappas
Managing Director
& Head of Core Infrastructure
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Brian Thomas
Managing Director
& Head of Real Assets
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