PGIM Private Capital, the private debt arm of the global investment management firm PGIM, has introduced its first European Long-Term Investment Fund (ELTIF). With assets under management (AUM) amounting to US$101.5 billion, the new fund aims to support PGIM’s direct lending strategy across Europe. The ELTIF will allow for greater flexibility in extending loans and targeting a diverse mix of borrower types, specifically within the core middle-market, including both sponsored and non-sponsored loans. The strategic focus is on fostering long-term relationships, enhancing due diligence, and creating a balanced portfolio over time.
Investment Management, Private Debt,Europe, United States
https://www.pgim.com/press-release/pgim-private-capital-launches-eltif-investment-vehicle-support-global-direct-lending