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Prudential’s PGIM agrees to buy remaining 25% stake in Deerpath Capital

PUBT·07/27/2026 10:15:35
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Prudential’s PGIM agrees to buy remaining 25% stake in Deerpath Capital
  • PGIM, Prudential’s asset-management unit, agreed to buy the remaining 25% of Deerpath Capital, taking its stake to 100%.
  • Deal updates PGIM’s May 2023 purchase of a 75% stake in Deerpath.
  • Transaction aims to broaden PGIM’s direct-lending platform by adding Deerpath’s lower middle-market focus to existing middle-market and large-cap lending.
  • Combined platform would have $16 billion in AUM with 55 investment professionals.
  • Deerpath CEO James Kirby and Tas Hasan will keep leading the Deerpath investment process while taking leadership roles in PGIM Credit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prudential Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607270615BIZWIRE_USPR_____20260727_BW723428) on July 27, 2026, and is solely responsible for the information contained therein.