Global investment manager PGIM and private markets firm Partners Group are constructing a suite of multi-asset investment vehicles for individual and institutional investors.
The investment strategies are a response to “growing client interest in alternative investments and rising demand for comprehensive investment strategies,” according to the companies’ announcement, released Wednesday.
The funds will have diversified exposure across public and private markets that could serve as a stand–alone offering or could be integrated into a defined contribution plan or insurance portfolio, according to the announcement.
Asset managers that have been traditionally focused on investing in public markets are increasingly offering investors access to alternative investments. In August, President Donald Trump signed an executive order that encouraged plan sponsors to offer participants greater access to alternative investments.
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In May, Empower announced it was partnering with several private fund managers to offer alternative investments in DC plans; Blue Owl Capital Inc. and Voya Financial Inc. announced that they would develop private market investment products for DC plans in July; and Goldman Sachs have said it plans to release a private credit collective investment trust that would be available for DC plans through either managed accounts or target-date funds.
“Partners Group has been delivering bespoke private markets solutions since its inception,” David Layton, Partners Group’s CEO, said in the statement. The tie-up with PGIM “is another important step in broadening access to private markets for a range of end clients.”
Stuart Parker, PGIM’s head of global wealth, said in the statement that the “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.”
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Tags: Partners Group AG, PGIM
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