All data (unless otherwise noted) is as of 12/31/24. Assets under management are based on company estimates and are subject to change. For Professional Investors only. All investments involve risk, including the possible loss of capital. There is no guarantee these objectives will be met. Includes legacy lending through PGIM’s parent company, PFI.

1. PGIM Private Alternatives manages $332 billion gross in private alternatives strategies across private credit, real estate, agriculture, sustainable investing, infrastructure and private equity. These strategies are managed by PGIM Real Estate (est. 1970), PGIM Private Capital (est. 1925) and Montana Capital Partners (est. 2011); underlying investment strategies and portfolio and originations teams remain distinct, with each affiliate maintaining its own governance. Note: AUM/AUA includes $7.7B from Deerpath Capital Management, L.P. (“Deerpath Capital”), a separate SEC-registered investment adviser, in which PGIM acquired a majority stake in late 2023. PGIM Real Estate net AUM is $136B and AUA is $47B.
2. Years of experience for senior PMs and IC members (PGIM Real Estate) and MDs (PGIM Private Capital) as of December 31, 2024.
3. PGIM Real Estate is the third largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments “The Largest Real Estate Investment Managers” list published October 2024. This ranking represents global real estate assets under management by PGIM Real Estate as of 6/30/24. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.
4. Public and Private Alternatives AUM/AUA includes hedge fund, mezzanine and other private credit, real estate and infrastructure strategies across all PGIM businesses. 
5. PGIM Private Alternatives manages $324 billion gross in private alternatives strategies across private credit, real estate, agriculture, sustainable investing, infrastructure and private equity. These strategies are managed by PGIM Real Estate (est. 1970), PGIM Private Capital (est. 1925) and Montana Capital Partners (est. 2011); underlying investment strategies and portfolio and originations teams remain distinct, with each affiliate maintaining its own governance. Note: AUM/AUA includes $7.2B from Deerpath Capital, in which PGIM acquired a majority stake in late 2023. PGIM Real Estate net AUM is $132.5B and AUA is $47.3B.