PGIM

PGIM Private Capital provided $4.7B of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.

QMA has appointed a new chief investment officer as part of a broad restructuring plan for its equity business.

PGIM Real Estate has arranged $100 million 15-year refinancing for 52 Broadway, a 19-story 426,000-square-foot office tower located in Manhattan’s Financial District.

RIVERSIDE, Calif., May 14, 2020 – PGIM Real Estate has arranged $66 million in acquisition financing for 6275 Lance Drive, a 1-million-square-foot industrial facility located in Riverside, California, within the Inland Empire submarket. The fixed-rate loan was arranged on behalf of the borrower, for which TA Realty provides investment advisory services, and has an eight-year term. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

When global lockdowns end, as families and communities recover, new opportunities and challenges will emerge for companies—and investors—around the world as they navigate the economic, social and political shifts brought on by the pandemic, according to research from PGIM.

PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its Manhattan office.

PGIM has collaborated with GIC, Singapore’s sovereign wealth fund, to create a framework that links top-down asset allocation with bottom-up private asset investing to support investors who are increasingly faced with the difficult choice between potentially higher portfolio returns and greater liquidity.

With an eye toward building the next generation of analysts, accountants and portfolio managers, PGIM has entered into a multiyear sponsorship with the CFA Institute Research Challenge to provide mentorship, funding and online learning resources.

The real estate businesses of PGIM completed over $35 billion in transactions worldwide in 2019. The volume represents a total of 954 transactions and includes $14.8 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to a record $20.5 billion in real estate financing.

NEWARK, N.J., Feb. 20, 2020 – Dr. Noah Weisberger has joined PGIM as a managing director in the Institutional Advisory & Solutions (IAS) group. PGIM Inc. is the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).