Prudential Private Placement Investors, L.P. (Newark)

Prudential Private Placement Investors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prudential Private Placement Investors: assets under management

The assets under management (AUM) of Prudential Private Placement Investors, L.P. is $17.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1586% since the beginning of its operation, and $1.84 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $17.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $541.51 million each.

Prudential Private Placement Investors has custody of $233.59 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 7% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prudential Private Placement Investors, L.P. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prudential Private Placement Investors serves?

The firm provides services to insurance companies, pooled investment vehicles, and sovereign wealth funds and foreign official institutions. The largest group of clients of Prudential Private Placement Investors is insurance companies with 28 clients and $15.97 billion of assets under management. Among the 7 most similar advisory firms, Prudential Private Placement Investors has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $17.33 billion for 32 clients. 14% of the firm’s clients are foreign persons or businesses.

Prudential Private Placement Investors also advises several private funds. Namely, one other private fund.

Careers at Prudential Private Placement Investors, L.P.

The company employs 183 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 7 indirect owners.

Based in Newark

The principal office where Prudential Private Placement Investors, L.P. performs its advisory services is located at 655 Broad Street, Newark, NJ 07102, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-802-8608 or by fax 973-367-3234. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at prudential.com.

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