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PGIM appoints Matt Douglass as new head of PGIM Private Capital
NEWARK, N.J., December 7, 2022 – PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc., has appointed Matt Douglass as head of PGIM Private Capital (PPC). He will step into the role effective March 1, 2023.
Douglass joined PGIM Private Capital in 1993 and has held a number of roles globally. In addition to serving as head of Real Assets, Douglass has been a member of PPC’s senior leadership team for the last ten years, including heading the New York office and serving as PPC’s chief credit officer.
PGIM CEO David Hunt commented: “Private capital is playing an increasingly important part in client portfolios, and I am pleased that we have been able to appoint someone of Matt’s caliber into this position. I am confident that under Matt’s leadership, PGIM Private Capital will continue to expand its corporate global finance, real assets, and alternative investment capabilities.”
Douglass commented: “It’s an honor to be appointed into this position as PGIM Private Capital approaches its 100th anniversary. In recent years the business has continued to expand as client demand for our offerings has grown. I look forward to maintaining that momentum as the needs of our clients evolve.”
The appointment comes as current head of PGIM Private Capital, Allen Weaver, retires from the role. Weaver, who has been with the business for 37 years, will remain at PGIM until December 2023, working closely with Douglass to ensure a seamless transition.
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“I am confident that under Matt’s leadership, PGIM Private Capital will continue to expand its corporate global finance, real assets, and alternative investment capabilities.”
ABOUT PGIM PRIVATE CAPITAL
PGIM Private Capital manages more than $20.0 billion in outside non-affiliated assets through its Institutional Asset Management unit and Alternative Investments unit, comprised of Direct Lending, PGIM Capital Partners and PGIM Energy Partners mezzanine funds. PGIM Private Capital manages a $92.7 billion portfolio of private placements and mezzanine investments through its regional office network (Atlanta; Chicago; Dallas; Frankfurt, Germany; London; Los Angeles; Madrid; Mexico City;1 Milan; Minneapolis; Newark, New Jersey; New York; Paris; San Francisco; and Sydney²) and purchases up to $14.5 billion annually in predominantly senior debt and junior capital. All data as of September 30, 2022. For more information, please visit pgimprivatecapital.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.2 trillion in assets under management as of Sept. 30, 2022. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
1 The Mexico City office operates through PGIM Real Estate Mexico S.C.
2 The Sydney office operates through PGIM (Australia) Pty Ltd.
In the United Kingdom, information is issued by PGIM Private Capital Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Private Capital Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 172071) and registered in England No. 1331817. In the European Economic Area (“EEA”), information is issued by PGIM Private Capital (Ireland) Limited with registered office: Pramerica Drive, Letterkenny Business and Technology Park, Letterkenny, Co Donegal, F92 W8CY, Ireland. PGIM Private Capital (Ireland) Limited is authorized and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Private Capital Limited in reliance of provisions, exemptions or licenses available to PGIM Private Capital Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Private Capital Limited and/or PGIM Private Capital (Ireland) Limited to persons who are professional clients as defined under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).
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