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Our Multi-Manager Model

Our multi-manager model enables autonomous asset management businesses to specialize in particular asset classes or investment approaches. Each business maintains its own investment culture, allowing for a singular focus on delivering investment returns for clients. 

Our cross-business teams, the PGIM Institutional Relationship Group and PGIM Institutional Advisory & Solutions, represent all of our businesses, leveraging the collective expertise across PGIM while providing insight and solutions. PGIM Institutional Relationship Group is focused on understanding and addressing the broad investment goals, challenges, and interests of large global institutional investors and PGIM Institutional Advisory & Solutions provides consultative insights on a variety of asset allocation, risk management, and thought leadership topics.

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Jennison Associates

Fundamental Equity

PGIM Fixed Income

Fixed Income

PGIM Real Estate

Real Estate

QMA

Quantitative Equity

PGIM Real Estate Finance

Commercial Mortgages

Pricoa Capital Group

Private Fixed Income

PGIM Investments

Mutual Funds

International Investments

Investments

Jennison Associates

Jennison seeks to generate superior long-term performance, build enduring relationships by helping clients achieve their investment objectives, and be the most capable manager in the select investment disciplines in which it competes. Jennison manages a range of equity and fixed income investments for institutions and private clients through separately managed accounts and commingled vehicles, including mutual funds through subadvisory relationships.

Visit Jennison.com Visit www.jennison.com

$167 Billion*

Assets Under Management

Business Overview

  • Established: 1969
  • Investment Professionals: 72
  • Locations: New York, Massachusetts
  • Investment Focus: Fundamental Equity & Public Fixed Income

Business Highlights

  • Entrepreneurial investment culture focused exclusively on outperformance.
  • Skilled approach based on rigorous fundamental research and conviction-based investing.
  • Investment teams that function as independent boutiques yet collaborate and share insights.
  • Enduring client relationships built on client service, long-term outperformance, and stable, experienced investment teams.1
  • Disciplined, consistently applied investment processes through all market cycles.

Assets Under Management by Investment Capabilities

Investment Capability AUM ($Billions)
Large Cap Growth $61.7
Small, Mid & SMid Equity $15
Opportunistic Equity $3.7
Large Cap Value $5.1
Income & Infrastructure $7.7
Global Equity $2.7
Fixed Income $64.8

 

 

*There is no guarantee this objective will be met. AUM is as of March 31, 2016. Total Firm AUM includes Large Cap Blend AUM ($5.3b), All Cap Blend AUM ($0.9b), Health Sciences Long/Short ($0.1b), Opportunistic Long/Short Equity ($0.01b), MLP ($0.2b), Rising Dividend ($0.01b), JMA Natural Resources ($0.02b), and Emerging Markets ($0.01b) which is not included in the table above. See Firm Notes in the Appendix.

1. Jennison’s core capabilities (Large Cap Growth Equity Composite - Russell 1000® Growth Index, Active Long Government/Credit Fixed Composite - Active Long Government/Credit Fixed Custom Benchmark, Opportunistic Equity Composite - Russell 3000® Index, Utility Equity Composite - S&P Composite 1500 Utilities Index, Small Cap Core Equity Composite - Russell 2000® Index, Large Cap Value Equity Composite - Russell 1000® Value Index, Global Equity Opportunities Composite - MSCI All Country World Index) have outperformed their relevant benchmark, gross of fees, since their respective inception dates as of March 31, 2016. Past performance does not guarantee future results.

PGIM Fixed Income

PGIM Fixed Income has been managing assets since 1928. The firm has decades of experience managing credit-related and other fixed income strategies for both institutional and retails clients through varied market cycles and environments. PGIM Fixed Income offers both traditional and alternative fixed income strategies, with an emphasis on credit-related strategies.

Visit www.pgimfixedincome.com

$621 Billion*

Assets Under Management

Business Overview

  • Established: 1928
  • Investment Professionals: 255
  • Locations: US, London, Singapore, and Tokyo
  • Investment Focus: Public Fixed Income

Business Highlights

  • One of the largest fixed income managers in the U.S.1
  • Senior investment professionals average 28 years investment experience and 19 years with PGIM
  • A balanced organization with specialized expertise and an integrated investment process
  • Deep research and risk management teams

Assets Under Management by Asset Class

Asset Class AUM ($Billion)
Governments (USD) $66
Governments (Non-USD) $68
Corporates $246
High Yield $38
Bank Loans $12
Emerging Markets $37
Structured Product $52
Money Markets $55
Municipals $20
Mortgages $24
Other2 $3

 

*As of March 31, 2016. 
1. Pensions & Investments, based on U.S. institutional tax-exempt assets under management as of December 31, 2014.
2. Other includes Japanese equities and Japanese real estate equities.

PGIM Real Estate

Redefining the real estate investing landscape since 1970, PGIM Real Estate's tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies.

Visit www.pgimrealestate.com

$65.4 Billion*

Assets Under Management

Business Overview

  • Established: 1970
  • Investment Professionals: 3001
  • Locations: Atlanta, Chicago, Frankfurt, Hong Kong, London, Luxembourg, Madison, Mexico City, Miami, Munich, New York, Paris, Rio de Janeiro2, San Francisco, Seoul, Singapore, Sydney, Tokyo 
  • Investment Focus: Real Estate Equity, Debt, Securities and Specialized Strategies

Business Highlights

  • More than four decades of real estate investment experience
  • Stable, tenured team of real estate professionals located in 18 cities in the Americas, Europe, and Asia Pacific
  • Perpetual-life vehicles, closed-end funds and customized real estate strategies spanning the risk/return spectrum and geographies
  • Research-driven regional and global investment process with a robust investment risk overlay

Gross Equity Assets Under Management by Region/Fund Type

Region AUM %
United States 68%
Latin America 5%
Europe 12%
Gobal Real Estate Securities 7%
Asia Pacific 8%

 

 

*As of March 31, 2016; total net assets under management equal $48.3 billion
1. Number is approximate 
2. Representative presence

QMA

For over 40 years, QMA has served investors by building actively managed investment strategies across a broad asset class spectrum ranging from global equity to multi-asset class solutions. QMA’s strong factor analysis driven by decades of proprietary research, financial theory, and fundamental analysis is combined with pragmatic, seasoned judgment to identify and combine sources of alpha in an attempt to capture repeatable long-term outperformance.

Visit www.qmassociates.com

$111.1 Billion*

Assets Under Management

Business Overview

  • Established: 1975
  • Investment Professionals: 56
  • Locations: Newark, New Jersey, San Francisco, California
  • Investment Focus: Quantitative Equity and Multi-Asset Class Strategies

Business Highlights

  • Dynamic approach adapts to constantly evolving market conditions
  • Systematic rigor ensures that risk is focused on areas with the potential to provide sufficient rewards
  • Responsive and robust research continually enhances the adaptive nature of our processes
  • Manages portfolios for a worldwide institutional client base including pension plans, endowments and foundations, and subadvisory mandates for other financial service companies

Assets Under Management by Asset Class

Asset Class AUM ($ Billions)
Value Equity $5.2
Core Equity $31.3
Asset Allocation1 $50.9
Equity Index $23.6

Totals may not sum due to rounding. *As of March 31, 2016.  
1. QMA's total Asset Allocation AUM is $67.1 billion, including $16.2 billion that QMA's Asset Allocation team directs to equity strategies advised by QMA; in this pie chart, these assets are only included in the Core Equity, Value Equity, and Equity Index AUM in order to avoid double counting.
QMA is the primary business name of Quantitative Management Associates LLC.

 

PGIM Real Estate Finance

PGIM Real Estate Finance is a national commercial, multi-family, and agricultural mortgage finance business. Leveraging PFI’s 140-year history in real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS™, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; PFI’s general account; and other institutional investors.

$55.7 Billion*

Assets Under Management

Business Overview

  • Commercial and agricultural mortgage lending for over 140 years
  • Investment Professionals: 191
  • Locations: London, Tokyo, Atlanta, Boston, Champaign, Charlotte, Chicago, Columbus, Dallas, Denver, Fresno, Jonesboro, Lisle, Los Angeles, Memphis, Newark, New York, Orlando, Roseville, San Francisco, and Washington DC
  • Investment Focus: Real Estate Debt

Business Highlights

  • One of the largest commercial and agricultural mortgage lenders for U.S. property owners
  • $55.7 billion assets under management and $31.3 billion assets under administration
  • Multiple loan products enhance overall flow of investment opportunities 
  • Origination, underwriting and servicing are all in-house
  • Strong credit culture with experienced, stable senior management, average 20 years at PFI

AUM and AUA by Capital Program

Capital Program AUM %
PRU-U.S. 54%
PRU-International 4%
Institutional 5%
Capital Program AUA %
Balance Sheet <0.1%
Capital Markets 9%
U.S. Agency 29%

 

* As of March 31, 2016. AUM: Assets under management, AUA: Assets under administration

Pricoa Capital Group

Pricoa Capital Group has been a leading provider of private debt, mezzanine, and equity securities to companies worldwide for more than 75 years. Pricoa Capital Group offers its products across the entire risk spectrum to a wide range of public and private companies during all business and economic cycles. The business oversees a portfolio of private fixed income, including senior debt and mezzanine and has nearly 1,000 companies in its portfolio.

Visit pricoacapital.com

$74 Billion*

Assets Under Management

Business Overview

  • Established: More than 75 years ago
  • Investment Professionals: 183
  • Locations: Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, New York, Paris and San Francisco
  • Investment Focus: Senior and Mezzanine Debt; Private Equity
  • Product Focus: Corporate Finance, Energy Finance, International Multi-Currency, Leveraged Leases, Credit Tenant Leases, Infrastructure and Equipment Finance 
  • Business Pillars: North America Corporate Finance, Energy Finance Group, Pricoa Capital Group (International), Specialty


 

Business Highlights

  • The largest traditional private placement portfolio worldwide and one of the largest institutional investors in the private fixed income market(more than $10 billion in private capital invested in 2015 across the credit risk spectrum)
  • Strong, experienced credit culture with a 25-member senior management team averaging 27 years of experience
  • Mezzanine investment capabilities with four middle-market mezzanine funds ($3.5 billion* combined commitment)

Assets Under Management by Business Pillars*

Business Pillar AUM ($ Billions)
North America Corporate Finance $28.3
Energy Finance Group $13.8
Pricoa Capital Group (International) $22.6
Specialty $9.3

 

 

*As of March 31, 2016
1. Source: Media Private Placement Letter, 2013 Buyside Survey, July 2014.

 

PGIM Investments

PGIM Investments is dedicated to helping retail investors solve their toughest investment challenges whether it's capital growth, reliable income, or protection from market volatility and other risks. Our investment strategies feature PGIM’s affiliated asset managers who have built their reputation over decades in the global institutional markets. The talent and experience of these managers has enabled us to offer a wide range of investments designed to meet the needs of clients.

$73 Billion*

Assets Under Management

Business Overview

  • Locations: Newark, New Jersey
  • Investment Vehicles: Mutual funds, target date funds, closed-end funds, separately managed accounts, collective investment trusts
  • Client Focus: Financial advisors, financial intermediaries, and individuals

 

Business Highlights

  • Offer a broad range of investments to help investors stay the course through ever-changing markets
  • 61 funds ranging from income-oriented stock and bond funds to style-specific growth and value funds to specialty funds
  • Products are available through financial intermediaries and financial advisors
  • 77% of our funds outperformed their Morningstar category media over the 10-year period*

Assets Under Management (AUM) by Asset Class*

Asset Class AUM ($Millions)
Intermediate-Term Bond $13,587
Short-Term Bond $9,375
Mid-Cap Growth $8,290
Large Growth $6,412
Large Blend $5,753
High Yield Bond $5,213
Global Real Estate $3,468
Health $2,457
Small Growth  $3,243
Utilities $3,249
Nontraditional Bond $2,015
All Other $10,320

 

 

* Company data as of March 31, 2016. 
PGIM Investments AUM includes the open-end and closed-end funds, but excludes money market AUM.

All Other includes: Nontraditional Bond, Small Value, Large Value, Foreign Large Value, High Yield Muni, Mid-Cap Value, Muni National Long, Intermediate Government, Moderate Allocation,World Bond, Financial, Tactical Allocation, Muni California Long, Bank Loan, World Stock, Energy Limited Partnership, Foreign Large Growth, Real Estate, Long/Short Equity, Emerging Markets Bond, Multialternative and Diversified Emerging Markets.

International Investments

Milan, Italy

​UBI Pramerica SGR

  • $49.8 Billion in assets under management
  • Joint venture with UBI Banca in 2002  
  • Investment Professionals: 62
  • Distribution: UBI Banca branch network and select third-party banks
  • Products: Balanced, equity, fixed income, money market, and managed accounts

 

Shanghai, China

Everbright Pramerica Fund Management

  • $11.1 Billion in assets under management
  • Joint venture with Everbright Group established in 2004
  • Investment Professionals: 47
  • Distribution: Third-party channels and direct
  • Products: Balanced, equity, fixed income, quantitative, money market, and separate accounts

Taipei, Taiwan

Prudential Financial Securities Investment Trust Enterprise

  • $5.7 Billion in assets under management
  • Established: 2000
  • Investment Professionals: 37
  • Distribution: Third-party channels and direct
  • Products: Balanced, equity, fixed income, fund of funds, and money market

 

 

Rio de Janeiro, Brazil

GAP Prudential Asset Management

  • $1.2 Billion in assets under management
  • Joint venture with GAP founding Partners established in 2008
  • Investment Professionals: 32
  • Distribution: Third-party channels and direct
  • Products: Equity, fixed income, multi-strategy, real estate and fund of funds

Mumbai, India

DHFL Pramerica Asset Managers

  • $2.8 Billion in assets under management
  • Established: 2010, joint venture with DHFL as of 2015
  • Investment Professionals: 18
  • Distribution: Third-party channels and direct
  • Products: Balanced, equity, fixed income, money market, and separate accounts

All information as of March 31, 2016
Prudential Financial Securities Investment Trust Enterprise (PFSITE) and Prudential GAP Asset Management are businesses of PGIM, Inc., the asset management business of PFI. PFI of the United States is not affiliated with Prudential plc, headquartered in the United Kingdom.

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