Strategic Partnerships
Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited
Prudential Financial and LeapFrog Investments are backing one of Africa’s leading independent providers of financial advice, retirement, investment, and wealth management services.
Prudential Financial and New Jersey Devils honor military service members
The hockey team’s 10th annual Military Appreciation Night, presented by Prudential, also welcomed service members aiding in vaccine distribution.
Prudential’s FlexGuard indexed variable annuity adds Invesco QQQ ETF and BlackRock iShares Russell 2000 ETF as options
NEWARK, N.J., April 1, 2021 – Prudential Financial, Inc. (NYSE: PRU) added two of the largest exchange-traded funds (ETFs)—the Invesco QQQ ETF (NASDAQ: QQQ), which tracks the Nasdaq-100 Index, and the BlackRock iShares Russell 2000 ETF (NYSE: IWM)—as options within the crediting strategies of Prudential’s FlexGuard® indexed variable annuity.
Prudential Retirement enters funded reinsurance business
NEWARK, N.J., October 30, 2020 — Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), is expanding its global longevity reinsurance business with a new offering driven by explosive growth in the U.K. pension market.
PGIM Real Estate arranges $482M Fannie Mae credit facility for six West Coast multifamily assets
PGIM Real Estate has arranged a $482 million Fannie Mae credit facility collateralized by six multifamily properties located on the West Coast.
PGIM Real Estate arranges $100M refinancing for 52 Broadway in Manhattan’s Financial District
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.
Prudential Retirement closes $1.7 billion in new longevity reinsurance transactions in first half of 2020
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has successfully closed $1.7 billion in new longevity reinsurance transactions during the first half of the year, attributing success to pivoting quickly to virtual closings during the COVID-19 global pandemic and a vibrant smaller end of the U.K. pension buy-in and buy-out market.
Prudential brings digital term life offering to new platform with Assurance IQ
Prudential Individual Life Insurance and Assurance IQ, a wholly owned subsidiary of Prudential Financial, Inc. (NYSE: PRU), are now offering Prudential’s SimplyTermSM term life product through the Assurance IQ platform.
Prudential Group Insurance strategic partnerships improve user experience
Prudential Group Insurance is helping to improve the process of choosing and managing group benefits with new and enhanced partnerships that will provide smoother, real-time and personalized interactions.
PGIM Real Estate arranges $66M acquisition financing for Inland Empire industrial asset
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).