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


Prudential Private Placement Investors, L.P. is a large advisory firm based in Newark. It manages $17.33 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2001.

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


Name Entity Date acquired Ownership Employer ID
Inc. Prudential Private Placement Investors General partner 1 Nov 1992 Other 22-3258762
The Prudential Insurance Company Of America Limited partner 1 Nov 1992 75% - 100% 680
Albert George Trank Director & president 1 Dec 1995 Other 1766507
Matthew Jerrold Chanin Director & president 1 Dec 1995 Other 2268917
Allen Arthur Weaver Director & chairman 1 Sep 1999 Other 4188933
Paul L. Meiring Director & vice president 1 Aug 2000 Other 4360334
Inc. Prudential Investment Management Limited partner 1 Nov 2001 75% - 100% 105676
Inc. Pgim Limited partner 1 Nov 2001 75% - 100% 105676
Richard A Hibbard Chief legal officer 1 Sep 2002 Other 2744561
Kenneth Warman Comptroller (functions as cfo) 1 Feb 2003 Other 4638596
Geoffrey Davin Hazard Vice president 1 Feb 2003 Other 4697894
Lee Duane Augsburger Vice president (functions as chief compliance officer) 1 Jan 2004 Other 1657850
Paul Gerard Price Director & vice president 1 Jun 2004 Other 1714064
Dinesh Nair Comptroller (functions as cfo) 1 Jul 2004 Other 4922033
Michael Francis Campion Vice president 1 Dec 2005 Other 5109760
Delphine Delois Jones Comptroller (functions as cfo) 1 Aug 2006 Other 3120487
Amber Dawn Riley Sottile Chief compliance officer 1 Jan 2007 Other 2971189
Wiley Adams Chief legal officer 1 Sep 2010 Other 5900743
Jason Marc Gordon Chief compliance officer 1 Mar 2011 Other 4197844
Ellen Mcglynn Koke Chief compliance officer 1 Oct 2011 Other 2709302
Peter R Eckert Comptroller (functions as cfo) 1 Mar 2012 Other 2479764
Stacy Lynn Mason Comptroller (functions as cfo) 1 Jun 2012 Other 6463998
Clark Donald Pellington Chief compliance officer 1 Jun 2017 Other 3146225
Mathew Robert Douglass Director & vice president 1 Jun 2017 Other 2516114
Armando M. Gamboa Chief legal officer 1 Dec 2018 Other 7089789
Anthony Conte Chief compliance officer 1 Apr 2019 Other 3229954

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Prudential Asset Management Holding Company Shareholder 1 Jun 2000 75% - 100% 14-1960383
Llc Pgim Holding Company Shareholder 1 Jun 2000 75% - 100% 14-1960383
The Prudential Investment Corporation Shareholder 1 Jun 2000 75% - 100% 105676
Prudential Asset Management Holding Company Shareholder 1 Jun 2000 75% - 100% 22-3734538
The Prudential Insurance Company Of America Shareholder 1 Jun 2000 75% - 100% 680
Inc. Prudential Investment Management Shareholder 1 Jun 2000 75% - 100% 105676
Inc. Prudential Financial Shareholder 1 Dec 2001 75% - 100% 22-3703799

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.