Press Releases
Here is a selection of the latest press releases from PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. For more information, please email GlobalCommunicationsMedia@pgim.com, or contact our communications staff.
Stephen O’Keeffe joins PGIM Real Estate to lead Australian real estate debt investments
NEWARK, N.J., June 11, 2018 – Stephen O’Keeffe has joined PGIM Real Estate as an executive director, responsible for sourcing real estate debt investments and managing relationships with prospective borrowers and partners in Australia.
PGIM Real Estate, Varma complete acquisition of M Campus in Paris
PARIS, May 30, 2018 – PGIM Real Estate, in partnership with its client, the Finnish pension insurance company Varma, has acquired M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris. PGIM Real Estate is the real estate investment business of PGIM, Inc., the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).
PGIM deepens presence in Latin America through partnership with one of Chile’s largest asset managers, Banchile Administradora General de Fondos S.A.
NEWARK, N.J., May 17, 2018 - PGIM has entered into a partnership with Banchile Administradora General de Fondos S.A. (“Banchile AGF”), one of the largest asset managers in Chile. The partnership will provide local investors in Chile access to a number of PGIM Investments’ UCITS funds as well as direct real estate strategies through PGIM Real Estate. This agreement significantly expands PGIM’s presence in the region as it continues its global growth.
Tussle between globalization, nationalism creates new risks for investors, PGIM says
NEWARK, N.J., May 09, 2018 - The escalating tussle between globalization and nationalism could have profound implications for global financial markets, traditional investment frameworks and developed market geopolitical risk analysis, says a new report from PGIM, Inc., the investment management business of Prudential Financial, Inc. (NYSE: PRU).
Kunal Patel joins PGIM Fixed Income’s London office
LONDON, May 1, 2018 - PGIM Fixed Income today announced that Kunal Patel, CFA, has joined the firm’s London office, as a vice president covering U.K. pension funds, insurance companies and consultants. Patel will report to Sarah McMullen, Principal, head of U.K. Client Advisory.
PGIM Real Estate acquires 75 percent interest in York & George development
SYDNEY, April 3, 2018 – PGIM Real Estate has agreed to acquire a 75 percent interest in the prime retail and commercial component of the York & George mixed-use project, currently under development by Fife Capital at 383 George Street, Sydney.
PGIM Real Estate signs agreement to acquire M Campus in Meudon, Paris
PARIS, March 12, 2018 – PGIM Real Estate has signed an agreement to acquire M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris.
Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. appoint new director
NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director for closed-end mutual funds Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) effective March 1.
The Board of Directors of Prudential Funds adds independent director to its open-end mutual fund board
NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director effective March 1 for open-end mutual funds offered by PGIM Investments, the $100 billion1 global manufacturer and fund distributor of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate exceeds $14 billion in 2017 transactions worldwide
NEW YORK, Feb. 14, 2018 – PGIM Real Estate completed more than $14 billion in transactions worldwide in 2017 on behalf of institutional investors, including investments in real estate equity and debt and property dispositions.
