PGIM agrees to buy remaining 25% stake in Deerpath Capital - PRU News | RalliesPGIM agrees to buy remaining 25% stake in Deerpath Capital
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PRU• PGIM to fully own Deerpath Capital
- PGIM agreed to buy the remaining 25% of Deerpath Capital, taking its stake to 100%.
- The deal updates PGIM’s May 2023 purchase of a 75% stake in Deerpath.
- Full ownership expands PGIM’s direct lending reach into the lower middle market alongside existing middle market and large-cap lending.
- The combined platform totals $16 billion in assets under management with 55 investment professionals.
- Deerpath CEO James Kirby and Tas Hasan will keep leading Deerpath’s investment process while taking leadership roles within PGIM Credit.
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