PGIM and Partners Group join forces to offer multi-asset solutions
PGIM and Partners Group have formed a strategic partnership to offer a range of multi-asset portfolio solutions for both individual and institutional investors that will provide access to private markets.
The new solutions will be constructed to deliver “broad” diversification across multiple public and private markets asset classes, and will be capable of functioning both as standalone investments, and of being integrated into defined contribution plans, insurance portfolios and other investment structures.
The partnership has been established in response to growing client interest in alternative investments and increased demand for investment strategies from “trusted partners”, according to PGIM and Partners Group.
Read more: PGIM closes middle market direct lending fund at $4.2bn
PGIM, which is the $1.44tn (£1.03tn) global investment management business of Prudential Financial, has a $1tn credit platform that spans public fixed income and private credit, while Partners Group has a track record in private equity and infrastructure investment, and in creating private markets solutions.
“Given our unique position as an insurance-backed asset manager and one of the top global asset managers for defined contribution plans, we are well suited to provide solutions that are differentiated and scalable across various client segments,” said Stuart Parker, head of global wealth at PGIM.
“Our partnership with Partners Group deepens our firm’s ability to provide clients with market-leading, innovative, and comprehensive multi-asset investment solutions that meet their evolving needs.”
Read more: Partners Group forecasts further rebound in private markets activity for Q3
“Partners Group has been delivering bespoke private markets solutions since its inception,” added David Layton, chief executive of Partners Group.
“Today, we combine our transformational investing approach with the ability to tailor flexible portfolio solutions to meet a broad range of investor requirements. This partnership with PGIM stands testament to that and is another important step in broadening access to private markets for a range of end clients.”
Read more: Private credit market predicted to grow by up to $300bn by 2030
