May 22, 2017

Josh Cohen will join PGIM as Head of Institutional Defined Contribution Practice

NEWARK, May 22, 2017 – Josh Cohen will join PGIM as Head of Institutional Defined Contribution for its Institutional Relationship Group. PGIM, among the world’s top 10 asset managers1 with more than $1 trillion in assets under management2, is the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). 
May 11, 2017

PGIM Real Estate raises MXP$4.4 billion for Mexican private real estate fund

MEXICO CITY, May 11, 2017 – PGIM Real Estate has completed a capital raise of MXP$4.4 billion (USD$235 million) for PruMex IV CKD, a closed-end real estate fund investing across various property sectors in Mexico. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). 

April 27, 2017

PGIM Real Estate raises more than £1b for European private real estate debt fund

LONDON, April 27, 2017 - PGIM Real Estate has completed a capital raise exceeding £1 billion for PRECap VI (Pramerica Real Estate Capital VI), surpassing its fundraising target. PRECap VI is the largest fund in a series dedicated to investing in private real estate debt in Europe.
April 06, 2017

Prudential Investment Management Japan to become PGIM Japan

TOKYO, April 6, 2017-Prudential Investment Management Japan Co., Ltd. (PIMJ), will rebrand its asset management operations to PGIM Japan, to align with its global parent, PGIM, effective October 1. PGIM, the $1 trillion1 investment business of Prudential Financial, Inc. (NYSE: PRU) manages assets in 32 countries with nearly 30 percent of its assets managed for clients outside of the U.S.

April 05, 2017

PGIM Real Estate Finance provides £50.1 million for Central London office

LONDON, April 5, 2017 – PGIM Real Estate Finance has provided a £50.1 million (US$62.2 million) loan to an investor who acquired Fox Court, a 103,555-square-foot office property in Central London’s Midtown. PGIM Real Estate Finance, among the largest commercial mortgage lenders in the United States, is a business of PGIM, the $1 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).

March 30, 2017

PGIM Real Estate acquires 42-44 rue de Paradis office in Paris

PARIS, March 30, 2017 – PGIM Real Estate has acquired a 6,000-square-meter office building located at 42-44 rue de Paradis on behalf of investors in a discretionary pan-European core-plus real estate fund. PGIM Real Estate is the real estate investment business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). 

March 15, 2017

Prudential Investments to change its name to PGIM Investments

NEWARK, N.J., March 15, 2017 - Prudential Investments will change its name to PGIM Investments, effective Monday, April 3, the company announced today. Prudential Investments is the retail manufacturer and distribution arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU).
March 09, 2017

Prudential Capital Group originates $12.6 billion in 2016, driven by demand by middle-market borrowers

CHICAGO, March 9, 2017 – Prudential Capital Group, a leading source of private capital for public and private companies, provided $12.6 billion to companies and projects worldwide in 2016, the largest volume of financing made in the company’s 75-year history, the company announced today. Prudential Capital Group is the private placement arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

March 08, 2017

PGIM Real Estate completes the acquisition of T Tower in Seoul

SEOUL, Mar. 8, 2017 – PGIM Real Estate has recently completed the acquisition of the prime T Tower office building in Seoul’s central business district. PGIM Real Estate is the real estate investment business of PGIM, the trillion-dollar global investment management business of Prudential Financial, Inc. (NYSE: PRU).

February 21, 2017

Prudential Mortgage Capital adopts PGIM Real Estate Finance brand globally

NEWARK, N.J., Feb. 21, 2017 - Prudential Mortgage Capital Company has as much as $15 billion to lend in 2017 as it steps into the real estate finance market under a new consolidated name—PGIM Real Estate Finance. The new name, effective immediately, unifies the company’s 22 offices around the world and reflects the company’s globally diversified business and clients.