The Private Credit Retreat 2025

PGIM is the global asset management business of Prudential
Financial, Inc. (PFI). In 41 offices across 18 countries, our more than 1,400+
investment professionals serve both retail and institutional clients around the
world. As a leading global asset manager, with $1.33 trillion in assets under
management, PGIM is built on a foundation of strength, stability, and
disciplined risk management. Our multi-affiliate model allows us to deliver
specialized expertise across key asset classes with a focused investment
approach. This gives our clients a diversified suite of investment strategies
and solutions with global depth and scale across public and private asset
classes, including fixed income, equities, real estate, private credit, and
other alternatives.

For more information, visit www.pgim.com.

Founded in 2007, First
Eagle Alternative Credit, LLC. (FEAC) is an alternative credit investment
manager with over $21 billion in assets under management across private credit
and broadly syndicated investments. Our Tradable Credit platform invests in
non-investment grade credit, notably secured bank loans, structured credit, and
high-yield securities. With over a decade of investing in private credit, our
Direct Lending platform provides bespoke financing solutions to the traditional
US middle market through direct-ly originated cash-flow and asset-based loans.

For 45 years, AAM has been a trusted resource for financial advisors and broker/dealers. The firm offers access to alternatives, exchange-traded funds, the fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. AAM is a SEC registered investment advisor and member FINRA/SIPC

Peachtree Group is an investment firm driving growth with a diverse portfolio of commercial real estate assets and other ventures. The company has executed hundreds of investments since its inception, focusing on real estate acquisition, development and lending valued at $9.0 billion in total market capitalization. Today, Peachtree manages over $2.5 billion in equity, augmented by services designed to protect, support, and grow its investments.

Pollen Street Capital, a London-based asset manager with $8 billion in assets under management (AUM), specializes in control-oriented mid-market buyouts within financial services and asset-backed credit. The firm's equity investments aim for a 3x return, while its credit strategy prioritizes senior-secured portfolios with strong cash flow, structured in special purpose vehicles (SPVs). With over a decade of consistent performance and growth, Pollen Street has established a robust track record in delivering reliable investment outcomes.

Built specifically for rising, uncertain market environments, RMWC’s short-term, low loan-to-value, floating rate, primarily senior secured exposures are specifically designed to perform well in current market conditions. Coleman Andrews, Cofounding Partner of Bain Capital, and Steven Fischler, a veteran of the 2008-2011 Lehman real estate recoveries, lead RMWC’s team of 13 professionals. By emphasizing capital preservation under all circumstances, over the past 11+ years RMWC averaged realized annual loan losses of 1 basis point. RMWC’s Fund IV has generated 12.5% net annual returns for 8 + quarters and has recently launched its new Evergreen Fund, which is targeting similar net annualized returns of 11-13% with REIT-based tax advantages.

Three Hills is an established private markets investment firm providing bespoke, flexible capital solutions to middle market businesses in Europe and North America through three dedicated investment strategies: Capital Solutions, Impact, and Credit Opportunities. Utilising a full spectrum of downside-protected capital solutions ranging from senior debt to preferred equity, Three Hills helps entrepreneurs and management teams unlock their businesses’ full potential whilst enabling them to retain control. The firm has over $3bn in AuM, with backing from global institutional investors, as well as leading family offices and industrial holding groups. With offices in London, Milan, New York and Luxembourg, Three Hills operates with a growing team of around 65 professionals and is a certified B Corporation.   

B.E. Blank pursues a direct lending strategy, providing growth-capital loans to U.S.-based contingency law firms focused on single-event legal claims (limited mass tort or class action). The strategy targets attractive returns with low volatility and strong downside protection. Loans are structured as first lien, full recourse, and include joint and several personal guarantees. Since 2018, the investment team and process have remained consistent, aiming to deliver strong risk-adjusted returns with low correlation to broader markets.

SLR Capital Partners, LLC is an independent alternative asset manager focused on the direct lending of
senior secured financing to U.S. middle-market companies. SLR has evolved from its bedrock as a cash
flow lender to sponsor-owned businesses at inception in 2006 into a diversified commercial finance
solutions provider that also includes asset-based lending and specialty finance. SLR manages over $13
billion of potential investable capital across exchange-listed & private BDCs, private credit funds, and
SMAs.