Prudential Fixed Income has been appointed as the collateral manager for the Dryden 30 Senior Loan Fund, a recently closed USD516.4m collateralised loan obligation.
Prudential Fixed Income is the principal public fixed income asset management business of Prudential Financial.
The Dryden 30 Senior Loan Fund is the eighth new CLO to be issued globally under the Dryden brand within the last two years and the 46th cash or synthetic CLO/CDO structure to be managed or sub-advised by either or both of the Prudential Fixed Income teams in its Newark and London offices.
Standard & Poor's ranks Prudential as one of the largest global CLO managers. The company now manages more than USD9bn in CLO capital.