Private Fixed Income

Investment grade and below investment grade fixed-rate debt to middle market issuers

Why Private Fixed Income?

We believe a fixed income allocation can offer investors a yield-enhancing complement to public bond porfolios. PGIM Private Capital has invested in private placements since the 1940s, opening its Investment Grade strategy to instituional investors in 1974 and Below Invesment Grade in 2004.

Time-Tested Credit Approach

  • Private credit business built over 75+ years
  • Downside protection through terms, covenants, and in-house workout resources

Differentiated Origination

  • Local teams across 15 offices calling directly on companies
  • Bilateral investments represent majority of deal flow and allow for selectivity in agented transactions

Strong Diversification

  • Portfolios well diversified by geograpy and industry
  • Senior, unsecured fixed-rate debt
  • Vehicles Available: Commingled vehicle (PRIVEST) available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.
  • Senior secured or unsecured, fixed-rate debt 
  • Focus on high quality high yield (BB+) with an up to 10% “distressed” sleeve
  • Vehicles Available: Commingled vehicle (PRIVEST Plus) available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.

Senior Management Oversight

Steve Collins
Steve Collins

Executive Managing Director and Chief Credit Officer Partner, Direct Lending

Matt Douglass
Matt Douglass

CEO & Senior Managing Director

Marie Fioramonti
Marie Fioramonti

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

Michael Campion
Michael Campion

Managing Director and Portfolio Manager

As of 3/31/2025, unless otherwise indicated.