Andrew R. French
About Andrew R. French
Andrew R. French (born 1962) serves as Secretary of PGIM Private Credit Fund and is Vice President & Assistant Secretary of PGIM Investments LLC (since January 2007); he previously was Vice President and Corporate Counsel (2010–2018) and Director and Corporate Counsel (2006–2010) at Prudential, with fund officer tenure at PGIM Private Credit Fund since September 2022. Education is not disclosed in the Fund’s proxy or 10-K filings reviewed. The Fund’s filings do not attribute TSR, revenue, or EBITDA growth metrics to executive officers, and executive pay is not disclosed at the Fund level, limiting pay-for-performance evaluation for Mr. French .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Prudential (The Prudential Insurance Company of America) | Director and Corporate Counsel | 2006–2010 | Corporate legal and governance responsibilities supporting Prudential fund complexes |
| Prudential (The Prudential Insurance Company of America) | Vice President and Corporate Counsel | 2010–2018 | Corporate legal and governance responsibilities supporting Prudential fund complexes |
| PGIM Investments LLC | Vice President & Assistant Secretary | 2007–present | Fund officer and governance functions for PGIM Investments-managed funds |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| PGIM Alternatives Funds | Secretary | Since March 2022 | Secretary for PGIM’s Alternatives complex (includes PGIM Private Credit Fund, PGIM Private Real Estate Fund, PGIM Credit Income Fund, PGIM Rock ETF Trust) |
| PGIM Retail Funds and Prudential Annuities Funds | Secretary | Since December 2018 | Secretary for PGIM Retail Funds and Prudential Annuities Funds |
| Prudential Mutual Fund Services LLC | Vice President & Assistant Secretary | Since January 2007 | Transfer/distribution agent affiliate; officer role |
| PGIM Private Credit Fund | Secretary | Ongoing | Signs SEC submissions (e.g., Rule 17g-1 fidelity bond filings) |
Fixed Compensation
- Officers (including the Secretary) do not receive compensation directly from PGIM Investments-managed funds; the Manager (PGIM Investments LLC) pays all compensation and expenses of officers and employees of the Fund, as well as fees/expenses of Interested Board Members .
- The Fund does not have a compensation committee because executive officers do not receive direct compensation from the Fund; no base salary, target/actual bonus, option/stock award details are disclosed at Fund level .
Performance Compensation
- No incentive design is disclosed at the Fund level for executive officers (no metrics, weightings, targets, payouts, vesting schedules tied to Fund performance), given that compensation is paid by the Manager and not the Fund .
Equity Ownership & Alignment
| Metric | 2024 (as of Jun 30, 2024) | 2025 (as of Jun 30, 2025) |
|---|---|---|
| Beneficial ownership (Common Shares) | — | — |
| Ownership as % of shares outstanding | — | — |
- The beneficial ownership tables list Mr. French with “—” (no reported Fund shares); the officers and Trustees as a group held 21,178 shares in 2024 and 23,907.225 shares in 2025, less than 1% of outstanding shares, largely driven by other officers (e.g., Stuart S. Parker) .
- Stock ownership guidelines, pledging/hedging disclosures, and vested vs. unvested breakdowns for executive officers are not provided in these Fund filings .
Employment Terms
- Role start dates (disclosed): Secretary of PGIM Alternatives Funds since March 2022; Secretary of PGIM Retail & Annuities Funds since December 2018; Vice President & Assistant Secretary of PGIM Investments since January 2007; Fund officer at PGIM Private Credit Fund since September 2022 .
- Employment agreement terms (severance, change-of-control, non-compete/non-solicit, clawbacks, tax gross-ups, deferred compensation, pension/SERP, perquisites) are not disclosed at the Fund level; executive officer compensation and contracts are covered by the Manager and not the Fund .
Performance & Track Record
- Filings reviewed provide Mr. French’s officer roles and responsibilities but do not attribute fund performance (TSR, revenue, EBITDA growth) specifically to executive officers or link officer pay to Fund outcomes .
Investment Implications
- Alignment: No reported Fund share ownership for Mr. French and no Fund-level disclosure of executive pay/incentives means limited transparency on pay-for-performance alignment at the Fund; compensation is determined by PGIM Investments (Manager) rather than the Fund .
- Insider selling pressure: With no reported beneficial ownership of Fund shares, immediate insider-selling pressure from Mr. French appears minimal based on the proxies reviewed .
- Retention risk: Long tenure across Prudential/PGIM since 2007 and continued officer roles across multiple PGIM complexes indicate institutional continuity; however, absence of disclosed employment agreement terms prevents a rigorous assessment of severance/change-of-control protections or retention hooks .
- Governance context: The Fund’s structure places compensation responsibility with the Manager and omits a compensation committee, constraining fund-level pay oversight and disclosure—an important consideration when evaluating executive incentives for trading signals or stewardship alignment at the Fund .