other material
confidence high
sentiment positive
materiality 0.70
PGIM Private Credit Fund Extends Fee Waiver Through Dec 2025, Adds PGIM Fixed Income as Subadviser
PGIM Private Credit Fund
- Manager waives management and incentive fees through December 31, 2025 (extended from prior waiver ending Dec 31, 2024).
- Second Amended and Restated Subadvisory Agreement incorporates PGIM Fixed Income to manage broadly syndicated loans.
- After waiver period, management fee set at 1.25% of net assets per year plus applicable incentive fee.
- Fee waiver letters executed December 13, 2024; subadvisory agreement effective November 15, 2024.