PGIM

David Hunt serves as CEO of PGIM, setting overall strategy. Each of PGIM's boutiques has its own CIO: Andrew Dyson runs PGIM Fixed Income, while PGIM Real Estate is led by Eric Adler. Decision-making is decentralized to the boutiques, with a central investment committee overseeing risk and asset allocation across the firm.

PGIM leverages its parent Prudential's insurance operations for deal flow in private credit and real estate, receiving a steady pipeline of origination from Prudential's own insurance capital needs. For direct investments, the firm's global network of 22 offices sources opportunities locally across public and private markets.

PGIM is a multi-boutique asset manager, not a family office. It operates as a wholly owned subsidiary of Prudential Financial, a publicly traded insurance company. The multi-boutique structure means each unit — Fixed Income, Real Estate, QMA — retains its own investment process and brand, though all report to PGIM leadership.

PGIM does both. The firm manages traditional commingled funds (e.g., PGIM Fixed Income's bond funds) and makes direct investments in private credit, real estate, and infrastructure. PGIM also runs separately managed accounts for large institutional clients, allowing customized exposure to specific asset classes.

PGIM spans the full spectrum: public fixed income and equities at the liquid end, and private credit, real estate equity, and infrastructure at the illiquid end. The firm's private alternatives units focus on direct lending and opportunistic real estate, typically targeting institutional-grade assets rather than venture or early-stage.

PGIM does not publicly maintain a list of excluded sectors. However, as part of Prudential Financial, PGIM aligns with the parent company's ESG and sustainability policies, which have historically led to reduced exposure to coal and tobacco in its public funds. The firm also has no dedicated venture capital or growth equity unit.

PGIM is the investment management arm of Prudential Financial, a Fortune 500 insurance and financial services company founded in 1875. Prudential owns PGIM outright and provides the asset manager with balance-sheet capital, distribution through its insurance network, and a long-duration liability profile that influences PGIM's investment horizon.