PGIM Fixed Income
CLO Management

PGIM Fixed Income is one of the largest fixed income managers in the U.S.,Footnote 1¹ with $919 billion in assets under management for institutional, retail and affiliated insurance company clients worldwide.Footnote 2² The firm employs approximately 331 investment professionals worldwide, who provide broad coverage of the global fixed income markets and in-depth, focused expertise within each sector. Independent portfolio management and credit research groups operate as integrated teams to manage institutional and CDO portfolios. PGIM Fixed Income is headquartered in Newark, New Jersey, USA, with offices in London, Singapore and Tokyo.

The firm manages 57 collateral loan obligations (CLOs) with total par or $30.19 billion as of March 31, 2021Footnote 3³, including:

  • Fifty-seven CLOs invested mainly in U.S. and European bank loans

In addition to the CLOs listed above, 40 transactions have either been called or matured, and 12 sub-advisory contracts have concluded.

  1.  Source: Pensions & Investments, May 27, 2019, based on U.S. institutional tax-exempt assets under management as of December 31, 2018.
  2.  Assets for PGIM Fixed Income as of March 31, 2021. Asset class breakdown are based on company estimates and are subject to change.
  3.  All Non-USD liabilities converted to USD equivalent using March 31, 2021 exchange rates.
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