PGIM Pushes for AI Limits in CLOs to Avoid Too Much Exposure
Asset manager PGIM has implemented a safeguard in a new collateralized loan obligation that caps exposure to AI-related debt at 15%.
PGIM, the asset management arm of Prudential Financial Inc., was the anchor investor on a recent collateralized loan obligation that included a novel safeguard capping the share of its AI-related debt at 15%, according to people familiar with the matter.
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