PGIM Deerpath has made a significant move to strengthen its investment presence with the acquisition of Deerpath Capital. This strategic partnership brings together two experienced investment teams to deliver a broader range of solutions to clients.
PGIM Deerpath's commitment to expanding its investment capabilities is evident in this acquisition. By combining their expertise, the firm aims to provide more comprehensive investment management services to its clients.
Deerpath Capital's investment team will join forces with PGIM Deerpath, bringing their own unique investment strategies and expertise to the table. This collaboration will enable PGIM Deerpath to offer a wider range of investment solutions to its clients.
The acquisition is expected to enhance PGIM Deerpath's ability to meet the evolving needs of its clients.
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PGIM Investment
PGIM has a $237 billion global alternatives platform and private credit capabilities.
PGIM's investment in Deerpath Capital Management is a strategic move to further grow their alternatives platform.
This partnership will enhance PGIM's existing global investment alternatives offering through the partnership.
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PGIM Private Capital has been a global leader in debt investing for more than 50 years.
Deerpath Capital Management has more than $5 billion in assets under management.
The combination of PGIM and Deerpath will accelerate the growth of both PGIM Private Capital and Deerpath's platforms going forward.
Deerpath Co-Founders James Kirby and Tas Hasan will continue to manage the business as CEO and chief operating officer.
The Deerpath team will work closely with PGIM Private Capital's Head of Alternatives Jeff Dickson to maximize the potential between the two companies' complementary deal sourcing capabilities.
PGIM's report suggests that to truly support participants' retirement outcomes, DC plan sponsors take an "institutional approach" like their defined benefit counterparts.
This approach includes a mix of active and passive management, broad asset class diversification, and selective use of alternative investments.
Since inception, Deerpath has deployed over $8.8 billion of invested capital in more than 850 investments.
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PGIM Strengthens Alternatives
PGIM has made a significant move in the alternatives market by agreeing to acquire a majority interest in Deerpath Capital. This acquisition will bring a direct lending leader to complement PGIM's existing $237 billion global alternatives platform.
This expansion will undoubtedly provide a boost to PGIM's private credit capabilities, solidifying its position in the industry.
Frequently Asked Questions
Are Prudential and PGIM the same company?
No, PGIM and Prudential are related but distinct entities, with PGIM being the investment management arm of Prudential Financial, Inc. (PFI).
Is it safe to invest in PGIM?
PGIM India Mutual Fund schemes are subject to SEBI regulation, but there's no guarantee of capital protection in market-linked products like mutual funds. Investing in PGIM involves some level of risk, so it's essential to understand the potential risks and rewards before investing.
What does the PGIM acronym stand for?
PGIM stands for Prudential Investment Management, the asset management arm of Prudential Financial. It's headquartered in Newark, New Jersey, at the Prudential Tower.
Sources
- https://www.planadviser.com/pgim-takes-majority-stake-direct-lender-boost-alternative-offerings/
- https://www.pgim.com/private-alternatives/news
- https://www.pgim.com/press-release/pgim-strengthens-alternatives-offering-agreement-acquire-majority-interest-deerpath
- https://www.pgim.com/it/press-release/pgim-strengthens-alternatives-offering-agreement-acquire-majority-interest-deerpath
- https://www.alternativeswatch.com/2023/05/02/pgim-buys-majority-stake-deerpath-capital-acquisition/
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