PGIM is seeking to raise its private-market allocation by more than 50 percent, to $500 billion during the next five years, reported Loukia Gyftopoulou for Bloomberg.
Through acquisitions, the firm is looking to have much more capital directed toward private credit.
In PGIM’s private-market segment, about $102 billion is in private credit and $210 billion is in real estate, according to Gyftopoulou.
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