other material
confidence high
sentiment neutral
materiality 0.50
PGIM Private Credit Fund hires Deerpath as sub-subadviser, declares April distributions, reports Q1 NAV
PGIM Private Credit Fund
- Sub-subadvisory agreement with Deerpath Capital Management for direct lending assets; shareholder approved April 1, 2025.
- April 2025 total distributions: Class S $0.25809, Class D $0.27080, Class I $0.27607 per share; payable May 29, 2025.
- NAV as of March 31, 2025: Class S $25.43, Class D $25.42, Class I $24.95; aggregate NAV $146.1M.
- Offering raised $135.3M total consideration; $2.5B registered public offering continues.