Investments
PGIM Real Estate Finance arranges $48M forward commitment for 300-unit apartment complex in Houston
HOUSTON, Jan. 14, 2020 – PGIM Real Estate Finance has arranged a $48 million Freddie Mac unfunded forward commitment to provide permanent financing for Red Line Station, a planned 300-unit mixed-income apartment complex in Houston.
PGIM Real Estate’s Trends for 2020
PGIM Real Estate identifies four key global trends that are set to have a significant aggregate impact, and ten region-specific trends that reflect opportunities to benefit from diversification by strategy and geography.
PGIM Real Estate completes sale of 11-property senior housing portfolio
MADISON, N.J., Dec. 17, 2019 – PGIM Real Estate has sold a portfolio of 11 senior housing properties managed by Brightview Senior Living and located throughout the Northeast and Mid-Atlantic U.S.
PGIM global institutional relationship group adds senior hires
NEWARK, Nov. 18, 2019 – PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has made three hires into its Institutional Relationship Group (IRG), all reporting to Cameron Lochhead, global head of IRG.
Jennison Associates hires chief marketing officer
NEW YORK, Nov. 15, 2019 – Rebecca Kniesel has joined Jennison Associates as chief marketing officer, responsible for developing and executing a strategic marketing plan that positions Jennison and its investment strategies for success across channels and geographies. Kniesel will report to Lori McEvoy, Jennison’s global head of distribution. Jennison is an affiliate manager of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU).
PGIM 4Q market outlooks: The story of the global growth slowdown
PGIM experts assess the next chapter in the global growth story, including geopolitical uncertainty, central bank dovishness and more.
PGIM enhances European operations
NEWARK, N.J., Sept. 23, 2019 – PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.
What is an inverted yield curve, and what does it mean?
Historically, inverted yield curves have preceded economic slowdowns. Robert Tipp, chief investment strategist and head of global bonds for PGIM Fixed Income, explains the inverted yield curve and what it means for investors.
Fortune announces this year’s changemakers, and Prudential is one of them
Prudential’s innovative approach to impact investing has earned the company a coveted spot for the second straight year on Fortune’s Change the World list, which recognizes companies that have made a meaningful and lasting impact on the human condition through their core business strategy on a global scale.
PGIM 3Q market outlooks: Investment opportunities amid economic uncertainty
Increased trade tensions, market volatility and dovish federal policies have left investors with uncertainty about the months ahead. PGIM’s asset managers offer their outlooks.