2024 Global Outlook
With monetary conditions easing and investment liquidity improving in 2024, the global real estate market is reaching a turning point.
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With monetary conditions easing and investment liquidity improving in 2024, the global real estate market is reaching a turning point.
PGIM's move to launch its private alternatives unit was primarily driven by what clients want, said Eric Adler, president and CEO of PGIM Private Alternatives.
In December 2023, Pricoa Private Capital established a three-year, $200 million shelf facility and purchased €30 million of senior unsecured notes.
CASE STUDY: A large financial services asset manager was seeking to augment the hedging strategies used in its LDI to provide solutions to its pension clients.
CASE STUDY: PGIM Real Estate worked closely with a large Australian superannuation fund to understand their needs and proposed a REIT completion strategy.
All data as of 12/31/2023 unless indicated otherwise.
1Montana Capital Partners, PGIM Real Estate & PGIM Private Capital represents the AUM/AUA as of 9/30/2023. PGIM Real Estate Net AUM is $134B and AUA is $49B.
2PGIM is the investment management business of Prudential Financial, Inc. (PFI). PFI is one of the top 10 for several strategies (out of 434 firms surveyed) based on Pensions & Investments Top Money Managers list published June 2023. This #2 privately placed debt managers worldwide ranking represents institutional client assets under management by PGIM Private Capital on behalf of PFI as of December 31, 2022. Participation in the P&I ranking is voluntary and open to managers that have any kind of U.S. institutional tax-exempt assets managed internally. PGIM Real Estate is the third largest real estate investment manager (out of 76 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments “The Largest Real Estate Investment Managers” list published October 2023. This ranking represents global real estate assets under management by PGIM Real Estate as of 6/30/23. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.
3PGIM Real Estate was established in 1970.