PGIM has expanded into private credit secondaries, with plans to deploy up to $1bn over the next two years into the emerging asset class. The new platform targets a market where deal volume is expected to exceed $50bn within the next two to three years.
It will focus on sourcing opportunities in direct lending as well as in opportunistic credit areas such as mezzanine and special situations, targeting both GP- and LP-led deals across the US and Europe with a particular focus on middle market tra...
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