PGIM Launches First Private Credit Collective Investment Trust for Defined Contribution Plans
PGIM, Prudential Financial's investment management arm, launched its first private credit collective investment trust (CIT) tailored for defined contribution plans. The new fund offers exposure to a diversified range of investment-grade private placement and asset-backed finance securities. This move aligns with growing demand among DC plan sponsors seeking diversification beyond traditional fixed income.
Topics: collective investment trust (CIT) defined contribution plans private credit