About This Fund
PGIM Senior Loan Opportunities II, L.P. (“PSLO II”) closed with $4.2 billion in commitments as of August 1, 2025. This marks one of the largest final closings for a global direct lending strategy this year. The fund is the second commingled vehicle offered to unaffiliated institutional investors within PGIM’s direct lending platform. PSLO II focuses on senior secured loans to middle-market companies in North America, Europe, and Australia. The strategy includes both sponsor-backed and non-sponsored borrowers, aiming to provide flexible and risk-adjusted credit solutions. PGIM’s approach leverages its proprietary sourcing capabilities and deep underwriting expertise. The fund prioritizes direct, bilateral transactions, allowing it to sidestep broadly syndicated loan markets and gain favorable terms. Diversification by geography and borrower type enables the fund to manage risk while seeking attractive yield opportunities across various economic cycles. Backed by PGIM’s extensive experience in private credit dating to 2000, PSLO II benefits from the firm’s integrated credit platform. In June 2025, PGIM consolidated its public and private credit businesses into a $1 trillion AUM platform, enhancing its ability to offer clients a full spectrum of fixed income strategies.