M&G launches €500m private credit ELTIF

Wider investor access in early 2024

M&G Investments has unveiled its first European Long-Term Investment Fund, which will invest in private credit.

The M&G Corporate Credit Opportunities strategy will be managed by the firm's private credit team, part of its €86bn private markets business.  Although the strategy will initially only be available for professional investors, the asset manager said it has plans to widen access in early 2024, following on from new ELTIF regulation coming into place. Prudential's With Profits Fund has already committed €500m to the new fund. M&G Corporate Credit Opportunities will blend complementary private corporate credit asset classes, but will also have the ability to adjust its weightings to refl...