PGIM Custom Harvest

Custom Harvest directly originates, acquires, and manages real assets—primarily farmland, timberland, and infrastructure—using in-house asset-management teams. In contrast, PGIM Real Estate's flagship funds focus on core and value-add commercial property through commingled vehicles. Custom Harvest constructs separate accounts and custom pooled mandates designed for multi-decade hold periods, directly competing with specialist natural-resource managers.

The platform targets three real-asset categories: agriculture (row and permanent crops), timberland, and infrastructure (energy, transport, and digital). Geographic exposure spans the United States, Australia, New Zealand, and South America. The firm has executed permanent-crop deals in Australia and large row-crop joint ventures in the US, reflecting a preference for developed-market regulatory environments with strong property-rights frameworks.

The platform operates under PGIM President and CEO David Hunt, alongside senior portfolio managers drawn from PGIM's real-asset and alternatives divisions. Specific investment-committee members are not publicly named, but the unit leverages PGIM Real Estate's origination and credit teams across 30-plus global offices. Hunt has publicly emphasized natural-capital investing as a long-term growth initiative for the broader PGIM franchise.

The platform primarily serves institutional clients—pension funds, insurers, and sovereign wealth funds—requiring long-duration, inflation-sensitive assets. There is no disclosed ultra-high-net-worth or family-office co-investment vehicle. Minimum commitments for separate-account mandates typically range from $100 million to $250 million, positioning the platform above the retail and mass-affluent channels served by some competitors.

Custom Harvest combines PGIM's global real-estate origination network with dedicated in-house natural-resource sourcing teams. The platform favors off-market and relationship-driven transactions, particularly in US row crops and Australian permanent crops, where long-term lease-back structures with established operators are common. This direct approach reduces reliance on brokers and competitive auction processes.