PGIM Investments has announced that it will use iCapital Network’s technology platform to make it easier for advisors and clients to access its real estate, private credit and other private alternative investments. The partnership will allow PGIM to bring these alternatives, traditionally accessible only to its institutional clients, downstream to retail clients.
“PGIM has a long history of managing alternative asset classes which have traditionally been offered to the firm’s institutional clients,” said Stuart Parker, president and CEO of PGIM Investments, in a statement. “We are excited to utilize iCapital’s intuitive technology platform to provide PGIM’s institutional-quality alternative investment solutions to our retail clients.”
PGIM is the $1.4 trillion global asset management arm of Prudential and manages about $235 billion across alternative investments. iCapital now services more than $52 billion in client assets.
