Claudia DiGiacomo
About Claudia DiGiacomo
Claudia DiGiacomo (year of birth: 1974) serves as Chief Legal Officer, Executive Vice President, and Secretary of PGIM Investments LLC (since August 2020) and holds CLO roles across PGIM DC Solutions LLC (since January 2024), PGIM Alternatives Funds (since July 2022), and PGIM Retail/Annuities fund complexes; she has been an officer of PGIM Private Credit Fund since September 2022 . Her prior roles include Vice President & Assistant Secretary at PGIM Investments LLC (2005–2020) and Associate at Sidley Austin Brown & Wood LLP (1999–2004) . Officers do not receive compensation directly from PGIM Investments-managed funds; their pay is borne by the Manager (PGIM Investments) and is not disclosed at the Fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PGIM Investments LLC | Vice President & Assistant Secretary | 2005–2020 | Not disclosed |
| Prudential Financial, Inc. | Vice President & Corporate Counsel | Since Jan 2005 | Not disclosed |
| PGIM Investments LLC | Chief Legal Officer, EVP & Secretary | Since Aug 2020 | Oversees legal for PGIM fund complexes |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Sidley Austin Brown & Wood LLP | Associate | 1999–2004 | Not disclosed |
Fixed Compensation
- Fund-level compensation is not paid to officers; PGIM Investments (the Manager) bears officer compensation and expenses, and specific pay elements for Ms. DiGiacomo are not disclosed in the Fund’s proxy .
- The Fund has no compensation committee because executive officers do not receive direct compensation from the Fund .
Performance Compensation
- No Fund-level disclosure of Ms. DiGiacomo’s bonus targets, PSU/RSU grants, options, or performance metrics; compensation details reside with PGIM Investments and are not provided in the Fund’s proxy .
Equity Ownership & Alignment
| Holder | Beneficial Ownership Type | Shares | % of Shares Outstanding |
|---|---|---|---|
| Claudia DiGiacomo | — | — | — |
- Trading controls: All purchases and sales of Fund securities by officers require pre-clearance from the Fund’s Chief Compliance Officer; covered persons (other than Independent Trustees) are prohibited from using shorting, options, hedging or derivatives on Fund securities .
- The Fund’s Code of Ethics and related-party transaction policy impose disclosure and review requirements; quarterly reviews of potential related party transactions are conducted by the Board .
Employment Terms
- Fund Officer tenure: Since September 2022 .
- Contract, severance, change-of-control terms, non-compete/non-solicit, garden leave, and consulting arrangements for Ms. DiGiacomo are not disclosed at the Fund level .
- Securities trading policy: pre-clearance required; prohibition on shorting, options, hedging or derivatives on Fund securities for covered persons .
Investment Implications
- Alignment: Absence of Fund-share ownership and lack of Fund-paid compensation indicate limited direct alignment with Fund shareholder returns; her incentives are set by PGIM Investments rather than the Fund .
- Insider selling pressure: Low, given zero disclosed Fund holdings and strict pre-clearance plus prohibitions on derivatives/hedging for covered persons .
- Retention: Long-standing tenure within Prudential/PGIM since 2005 suggests institutional continuity; legal leadership across multiple PGIM complexes points to centrality of role, reducing near-term transition risk .
- Trading signals: No personal Fund ownership and stringent trading controls reduce the likelihood of meaningful insider signals from this executive at the Fund level .