Prudential Financial's PGIM Acquires Full Ownership in Private Credit Manager Deerpath Capital
Prudential Financial’s asset management division, PGIM, is acquiring the remaining 25% stake in private credit manager Deerpath Capital. This follows an earlier acquisition of a 75% interest and marks Prudential's move to fully own the firm. The expansion reflects growing demand for alternative investments such as private credit, which offer higher yields compared to traditional fixed-income assets amid rising interest rates. PGIM’s full ownership is expected to enhance its control over strategic decisions at Deerpath Capital. This acquisition aligns with Prudential's broader strategy of strengthening its asset management capabilities and diversifying into high-growth areas within the financial sector.
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