A Flexible Approach for an Italian Renewables Company
In December 2023, Pricoa Private Capital established a three-year, $200 million shelf facility and purchased €30 million of senior unsecured notes.
Feb 29, 2024
A large Australian superannuation fund had significant property type and geographic gaps in their Commercial Real Estate holdings and wanted to quickly access these property types to enhance returns and reduce risk.
How to get quick access to secularly growing non-core property types that enhance portfolio returns as well as complement and diversify the fund's current real estate holdings.
PGIM Real Estate worked closely with the client to understand their needs:
We proposed a REIT completion strategy, which meets the client goals of quickly accessing higher-growth property types while enhancing portfolio returns and providing more liquidity and diversification in their real estate portfolio.
While the initial mandate centered on diversifying the client’s private real estate exposure, we presented a full solution encompassing both their private real estate allocation and their passive listed real estate allocation. To implement this strategy:
Case studies are provided for illustrative purposes only and results may vary.
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: A large manufacturing company partnered with PGIM Real Estate to provide its DC plan participants access to daily-valued private real estate.