PGIM Plans $1 Billion Foray Into Private Credit Secondaries

Jan. 21, 2026, 11:00 AM UTC

PGIM, the asset management arm of Prudential Financial, is seeking to compete in the booming market for trading private credit stakes.

The Newark, New Jersey-based firm is planning to deploy up to $1 billion over the next two years into private credit secondaries, according to a statement seen by Bloomberg News, one of the fastest areas of growth across private markets globally.

The private credit secondary market — where limited partners can sell their fund holdings to other institutional investors — has attracted billions of dollars over the past few years. Ares Management Corp. announced it raised $7.1 ...

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