As private credit continues to grow, the most compelling opportunities may be found in core middle market direct lending—companies generating $25 million to $75 million in EBITDA that value long-term financial partnerships. These businesses are increasingly turning to credit instead of equity to preserve ownership while funding growth.
For advisors, this segment offers access to senior-secured, income-producing investments positioned at the top of the capital stack, but success hinges on rigorous underwriting and manager selection. PGIM’s Dianna Carr‑Coletta, Managing Director and Partner of Alternatives Direct Lending, notes that a disciplined, relationship-driven, buy-and-hold approach makes core middle market direct lending a compelling fixed income diversifier.
Learn more about PGIM’s middle-market approach to direct lending at PGIM Alternatives.
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