All the Capital

The oil and gas sector has experienced multiple demand and supply shocks, from the pandemic to conflicts in Ukraine and Iran. These shocks carry implications across the globe, whether it's the outlook for the American oil patch or the acute challenges for oil importers like Europe. The impact also extends beyond the sector, as fluctuations in energy costs reshape how investors think about inflation, interest rates, and asset prices. 

Meanwhile, energy needs are burgeoning. The oil and gas sector will require significant capital for expanding production and distribution capabilities, while ensuring that global supply chains can withstand sudden disruptions to energy flows. 

PGIM's Dave Winans and Jennison's Jay Saunders join host Keshav Rajagopalan to analyze key investment themes in oil and gas, including: 

energy security and lessons learned from the Iran conflict; 


constraints for refined products such as diesel; 


misunderstood aspects of the oil and gas sector; 


capital needs in pipelines, U.S. LNG exports, and more; 


and opportunities throughout the value chain. 


Recorded on October 20, 2026.

Infrastructure needs are growing as aging transportation networks, energy-security investments and the digital transformation of the global economy increase demand for funding. At the same time, constraints on traditional sources of capital are creating a broader opportunity set for private infrastructure investors across sectors, geographies and positions in the capital structure.
In this inaugural episode of All the Capital, host Keshav Rajagopalan is joined by Josh Shipley and Federico Chiaramonte to discuss:
why infrastructure continues to attract investor interest;
how investors are expressing conviction across the infrastructure market; and
which deal terms and sector trends may matter as capital is deployed.
Recorded on August 27, 2026.

Every investment decision begins with a debate. Which risks matter most? Which opportunities are being overlooked? What assumptions deserve a second look?  

All the Capital gives you a seat inside those conversations. 

Hosted by Keshav Rajagopalan, PGIM's new podcast brings together experienced investors to explore the industries, challenges, and opportunities shaping decisions across capital markets. 

Launching soon. Subscribe to All the Capital wherever you listen to podcasts.

Private credit has grown rapidly over the past decade, prompting many investors to revisit how public and private credit can work together in modern portfolios. In this podcast, we explore how this shift may be changing the way multi‑asset portfolios are constructed and managed.
We also focus on the challenges of imperfect data, why liquidity and valuations fall along a spectrum rather than a simple public‑versus‑private divide, and how combining strengths like private‑market sourcing and public‑market flexibility can improve overall portfolio construction.
PGIM's Brian Barnhurst, CFA, Head of Global Credit Research, hosts Greg Peters, Co-Chief Investment Officer and Co-Head of Multi-Sector Strategies, and Tom McCartan, CFA, Multi-Sector Strategies Portfolio Manager.
 Recorded on January 22, 2026.

Private asset-based finance (ABF) is the catch-all of credit markets—a diverse and complex segment offering a wide range of investment opportunities. In this follow-up to our previous ABF discussion, we delve deeper into the asset class and what it takes to be successful from origination to underwriting and portfolio construction. We discuss investment areas of interest—as well as those we're apt to avoid—and examine the convergence of structured products and corporate credit through the lens of AI and data center finance. This episode also explores market dynamics, risk management, and where private ABF fits into multi-asset portfolio construction.
PGIM's Brian Barnhurst, CFA, Head of Global Credit Research, hosts Oliver Nisenson, Head of Asset-Based Finance.
Recorded on November 26, 2025.