PGIM Real Estate raises $2B for final close of Global Data Center Fund
PGIM Real Estate raised $2B for its Global Data Center Fund, targeting low latency hyperscale data centers in North America, Asia Pacific, and Europe.
PGIM Real Estate raised $2B for its Global Data Center Fund, targeting low latency hyperscale data centers in North America, Asia Pacific, and Europe.
PGIM Real Estate has appointed Richard Price as a managing director and senior portfolio manager, International Equity.
PGIM Real Estate has been ranked #1 in PERE’s Credit 50 ranking for 2024.
The pace of originations was strong throughout 2024, surpassing the previous year.
"With economic and interest rate uncertainty weighing on sentiment, we saw a distinct trend towards borrowers really valuing certainty of execution."
This year has seen continued high demand for private credit solutions as other sources of finance have become more scarce.
Montana Capital Partners (“mcp”) has made two key promotions, including one to the new role of Chief Investment Officer (CIO) and one to Managing Partner.
The office opening corresponds with the recent hiring of David Overton as director and head of the New York office.
Note: The PERE Credit 50 ranks managers by the amount of capital raised from third-party investors for U.S. private real estate debt strategies during the five years ending December 31, 2023. No submission or compensation is required to participate in this ranking.