A separate account organized under a group annuity contract, PRIVEST Plus is a commingled vehicle available since 2004 that is focused on fixed rate, below investment grade private placements with a BBB and distressed sleeve.
Investment Strategy
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.
Senior Management Oversight
Steve Collins
Executive Managing Director and Chief Credit Officer Partner, Direct Lending
This website is intended for $role located in $region. Please set your preferences.
*Required Fields
Sorry based on your current selections, you cannot continue. Please update your selections or visit pgim.com/multi-asset-solutions for more information.
This website uses cookies
PGIM appreciates your trust and respects your privacy. We use cookies to improve your experience. You can manage your cookie settings and learn more about how we protect your information at the PGIM Privacy Center .
PGIM appreciates your trust and respects your privacy. We use cookies to improve your experience. You can manage your cookie settings and learn more about how we protect your information at the PGIM Privacy Center .
Which cookies would you like to accept?
This field is required.
By continuing on to PGIM.com you are agreeing to the following:
For Professional Investors only. All investments involve risk, including the possible loss of capital.
This website is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.