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Prudential business unit to manage new $420 million senior loan fund

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Prudential Fixed Income, in Newark, has been appointed the collateral manager for the recently closed $420 million Dryden XXVI senior loan fund, the company announced Monday.

Prudential Fixed Income is the principal public fixed income asset management business of Prudential Financial Inc.

According to an announcement from Prudential, the fund, which closed March 19, is the fifth loan of its kind to be issued under the Dryden brand in the last 15 months.

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