PGIM, LGT Capital Partners co-lead USD 680 million Tree Line private credit continuation vehicle

• PGIM and LGT Capital Partners announced October 28, 2026, they co-led a US$680 million continuation vehicle managed by Tree Line.
• The vehicle acquired a portfolio primarily comprising senior secured, first-lien loans to more than 60 U.S. lower-middle-market companies.
• The transaction gives existing fund investors a liquidity option while allowing Tree Line to continue managing the private credit portfolio.
• The deal supports plans to deploy up to US$1 billion into private credit secondaries over two years.

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