PGIM announced the launch of its first private credit collective investment trust for defined contribution retirement plans. The PGIM Investment Grade Private Credit Fund of the Prudential (PRU) Trust Company Alternative Investments Collective Trust will be used within professionally managed retirement solutions such as target date funds, stable value funds and other white label or multimanager investment structures and is designed to provide DC plans with diversified exposure to private credit while supporting plan-level operational, liquidity and fiduciary considerations.
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