Eric Adler to lead newly formed PGIM Private Alternatives
People - SEPTEMBER 7, 2023

Eric Adler to lead newly formed PGIM Private Alternatives

by Released

PGIM has appointed Eric Adler as president and CEO of PGIM Private Alternatives, bringing together the firm’s private alternatives capabilities in order to provide global investors with a cohesive set of investment solutions across private credit, real estate equity and debt, private equity, infrastructure, and agriculture.

“Together the formation of PGIM Private Alternatives and Eric’s appointment reflect our firm belief in the importance of offering our clients seamless access to the full suite of capabilities across PGIM’s affiliates, particularly as institutional clients continue to increase their allocations to private alternatives,” said David Hunt, president and CEO, PGIM.

Under the new structure, underlying investment strategies and portfolio and originations teams will remain distinct, with each affiliate maintaining its own governance. In his role as the CEO of PGIM Private Capital, Matt Douglass will continue to oversee PGIM’s private credit businesses as it continues to grow its global lending platform.

Adler is currently president and CEO of PGIM Real Estate and chairman of Private Equity. His appointment is effective Oct. 1, 2023, at which time Cathy Marcus and Raimondo Amabile will jointly assume leadership of PGIM Real Estate as co-CEOs.

PGIM Real Estate stands as the third-largest real estate investor and one of the largest agriculture investors globally, while PGIM Private Capital manages $98 billion in private credit and originated $16.1 billion of senior debt and junior capital to 241 middle-market companies and projects globally in 2022.

PGIM currently manages $310.9 billion in private alternatives strategies across real estate, agriculture, private credit, and private equity. These strategies are managed by PGIM Real Estate (real estate and agriculture), PGIM Private Capital (private credit, infrastructure debt) and Montana Capital Partners (private equity secondaries).

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