PGIM Pushes for AI Limits in CLOs to Avoid Too Much Exposure
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.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.