Media Contacts:

PGIM, Institutional Investment Management, Mutual Funds
Judith Flynn / 973-802-9939 / judith.flynn@prudential.com

PGIM Real Estate, PGIM Real Estate Finance
Brendan Duffy / 973-802-5711 / brendan.duffy@prudential.com

PGIM Investments, PGIM Global Partners, Retail Investing
Sheila Bridgeforth / 973-802-6852 / sheila.bridgeforth@prudential.com

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.
February 06, 2017

PGIM Real Estate tops $12 billion in 2016 global transactions

MADISON, N.J., Feb. 6, 2017 – PGIM Real Estate completed more than $12 billion in transactions worldwide on behalf of investors in 2016, including about $8 billion in the U.S., the company announced today. PGIM Real Estate is the real estate investment business of PGIM, the trillion-dollar global investment management business of Prudential Financial, Inc. (NYSE: PRU). 

January 18, 2017

Prudential Investments adds six DCIO team members to support growth initiatives

NEWARK, N.J., Jan. 18, 2017 Prudential Investments today announced several new hires as part of a series of growth initiatives in support of its defined contribution investment-only business (DCIO). Prudential Investments, the retail distribution business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU), remains among the industry’s fastest organically growing fund families, ranking among the top five between 2008 and the third quarter of 2016. The company managed $81 billion in assets under management as of Sept. 30, 2016.
January 12, 2017

Prudential Capital Partners raises $1.8 billion for its fifth mezzanine fund

CHICAGO, Jan. 12, 2017 - Prudential Capital Partners has completed fund raising for its fifth mezzanine fund, Prudential Capital Partners V, L.P., surpassing its target of $1.4 billion. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, the $78 billion private placement arm of PGIM, Prudential Financial, Inc.’s (NYSE: PRU), global investment management business.

January 10, 2017

Prudential Investments launches Prudential International Bond Fund

NEWARK, N.J., Jan. 10, 2017 - Prudential Investments has expanded its multi-sector fixed income fund lineup with the launch of the Prudential International Bond Fund (Class Z: PXBZX), which offers investors an opportunity for income and capital appreciation through investments in a variety of sectors in markets around the world. Prudential Investments is the retail distribution business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE:PRU) and ranks among the top five fastest organically growing fund families.

January 05, 2017

Gary Stromberg joins PGIM Fixed Income to lead High Yield Energy Credit Research

NEWARK, N.J., Jan. 5, 2017 – Gary W. Stromberg has joined PGIM Fixed Income as a principal and high yield credit analyst overseeing high yield energy research. He joins PGIM Fixed Income’s Global Credit Research team led by Richard Greenwood in Newark, N.J.
 
December 19, 2016

Prudential Investments launches the Prudential Day One Mutual Funds

NEWARK, N.J., Dec. 19, 2016 - Prudential Investments has launched the Prudential Day One Mutual Funds, 12 target date funds that will be available through group retirement plans and financial intermediaries. Prudential Investments is the retail distribution business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).