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Private Credit Market Is Set for a ‘Shakeout,’ PGIM CEO Hunt Says

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PGIM Chief Executive Officer David Hunt said the private credit market is headed for a “shakeout” as investors set higher standards for which managers they choose.

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Deals Too Dirty for Banks Morph Into Huge Growth Market for Private CreditPrivate credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk.
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