Speaking of Alternatives
Speaking of Alternatives is an original podcast from PGIM, providing a global perspective on the rich and diverse landscape of alternative investments. Each month, leading experts join host Keshav Rajagopalan, Managing Director, Head of Product & Strategy at PGIM Multi-Asset Solutions, to cut through the complexities and get to the heart of alternative investing. Together they look beyond the headlines and scrutinise the latest trends and strategies driving this important asset class.
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…Let’s Talk Healthcare Equity Investing with Dan Matviyenko, Portfolio Manager with Jennison
06/18/2025
…Let’s Talk Healthcare Equity Investing with Dan Matviyenko, Portfolio Manager with Jennison
Dan Matviyenko, Healthcare Portfolio Manager at Jennison, offers insights and strategies on navigating the complex and dynamic landscape of healthcare equity investing. Laurie Chan, PGIM’s U.S. Head of Alternative Solutions, and Daniel explore healthcare equity, focusing on macroeconomic forces, supply chain vulnerabilities due to trade tensions, the role of AI, and generating alpha from long and short positions. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Healthcare Equity Investing offers a Spider Web of Opportunity. [3:04] The Role of Robotics and AI in Healthcare. [4:55] Trade tensions and Supply Chain Vulnerabilities. [8:16] Sizing Healthcare Sectors and Subsectors. [10:29] Alpha creation in Long and Short positions. [15:39] Three Key Insights for Healthcare Investors. [30:19] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “Robotic surgery will come to dominate the operating room.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #PGIMPodcasts #valueadd “[On tariffs] Healthcare can manage these increased costs much better than most companies out there.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #PGIMPodcasts #alternativeinvesting “The United States has two industries where we are the world leader. One is obviously tech, but the second one is healthcare.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #alternativeinvesting #investing #PGIMPodcasts “Subsector selection, size, and timing are very important to what we do.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #institutionalnvesting #valueadd “Sizing the investment at the right point in time is actually more important than picking the right investment.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #investing #alternativeinvesting “We look at our short book as an absolute return vehicle. It’s not a hedge.”— Dan Matviyenko, Healthcare Portfolio Manager of Jennison #investing #alternativeinvesting
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...Let’s Talk Mexican Industrial Real Estate with Enrique Lavín, Head of PGIM Latin America
05/20/2025
...Let’s Talk Mexican Industrial Real Estate with Enrique Lavín, Head of PGIM Latin America
Enrique Lavín provides critical insights into investing in Mexican industrial real estate by leveraging his market expertise and corporate finance/risk-opportunity background. Laurie Chan, PGIM’s Head of Alternative Investments, speaks with Enrique about the resilience of the Mexican Industrial Real Estate sector amidst U.S. trade volatility, nearshoring dynamics, and broader macro investment trends. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Trade tariff impact on the Industrial Mexican Real Estate Sector. [3:07] Significant Nearshoring Opportunities in Mexican Industrial Real Estate. [5:51] Tailwind Risk Assessment & Headwind Development Prospects. [7:39] Mexican Industrial Real Estate Recession Resilience. [10:22] Reactions to U.S. Trade Tariffs & Future Outlook. [12:22] Summary of Mexican Industrial Real Estate Investments. [13:57] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “Mexico secures, at least for now, a leading role in a global manufacturing platform.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #institutionalinvesting “A return of nearshoring will make prospective tenants once again gravitate to Mexico as a prime destination for low-cost manufacturing.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #alternativeinvesting “A revamped nearshoring wave is about to take off.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #institutionalnvesting #valueadd “Mexico’s preferential position in the new trade policy will drive incremental demand for industrial real estate.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #investing #alternativeinvesting
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...Let’s Talk Reinsurance with Mike Thompson of Warburg Pincus & Nandini Mongia of Prismic Life
04/22/2025
...Let’s Talk Reinsurance with Mike Thompson of Warburg Pincus & Nandini Mongia of Prismic Life
Nandini Mongia is the Group Executive Chair and CEO of Prismic Life, and Mike Thompson is the Managing Director of Warburg Pincus and Head of Capital Solutions for Europe. Nandini has nearly three decades of financial and business experience supporting the insurance and reinsurance industry. Mike has 20 years of private investment experience. Keshav, Nandini, and Mike discuss the fundamental role of reinsurance in managing risk, offering financial protection, and enabling growth within the insurance industry. Moving forward, global trends indicate a growing interest and allocation towards alternative investments and private investments. Prismic Life Reinsurance, Ltd. is a global reinsurance platform in which . () (PFI) and are investors, as well as overseeing Prismic’s long-term strategy through participation on its board of directors. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Reinsurance Manages Risk, Offers Financial Protection, & Enables Growth. [3:27] Global Trends Point Towards Alternatives & Private Investments. [6:38] Prismic — A Strategic Reinsurance Partner. [8:56] Private Alternatives are Well-Suited for Insurance. [12:22] Regulation’s Role in Asset Liability Management. [16:31] *This episode is only for listeners in the US. All investments involve risk, including the possible loss of capital. This podcast is for informational or educational purposes. The information is not intended as investment advice and is not a recommendation about managing or investing assets.The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice. Find Out More About Alternative Investing: Shareables: “When you look at global megatrends, the balance sheet of the insurance industry as it exists today is actually not sufficient to support what we call global unmet insurance and retirement income needs.” — Nandini Mongia, Group Executive Chair & CEO of Prismic Life #PGIMPodcasts #alternativeinvesting “The average insurance company historically has had a relatively unsophisticated and un-optimized asset allocation and so are leaving investment spread on the table.” — Mike Thompson, Managing Director of Warburg Pincus & Head of Capital Solutions for Europe #PGIMPodcasts #institutionalnvesting #valueadd “We think the global megatrends, unoptimized balance sheets, and the opportunity to provide capital into a market where public markets have struggled, we think they are compelling ingredients for an attractive investment.” — Mike Thompson, Managing Director of Warburg Pincus & Head of Capital Solutions for Europe #investing #alternativeinvesting “The long-dated nature of the liabilities in insurance and in the manner in which they are not-runnable in the same way as deposits makes them much more able to take those illiquid assets and therefore earn that illiquid premium and the excess spread.” — Mike Thompson, Managing Director of Warburg Pincus & Head of Capital Solutions for Europe #investing #alts “This is an industry with an almost infinite capital need and private equity exists to fulfill capital needs.” — Mike Thompson, Managing Director of Warburg Pincus & Head of Capital Solutions for Europe #investing #alts “Prismic in and of itself is an alternative. Its exposure to a wide array and diverse allocation of alternatives and that’s what I think is so compelling about how it is also affecting capital markets.” — Keshav Rajagopalan, Managing Director & Head of Product & Strategy at PGIM Multi-Asset Solutions #institutionalnvesting #valueadd
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...Let’s Talk Alternatives within Portfolio Construction with Alfred Lerman & Mao Dong
03/18/2025
...Let’s Talk Alternatives within Portfolio Construction with Alfred Lerman & Mao Dong
Alfred Lerman is the Chief Investment Officer at PGIM Multi-Asset Solutions and Mao Dong is the Co-Head of Portfolio Management at PGIM Multi-Asset Solutions. Alfred is passionate about optimizing portfolios through a thoughtful balance of risk and return objectives. Mao’s strength is in customizing portfolios based on unique client objectives. Keshav, Alfred, and Mao discuss the strategic integration of alternative investments in portfolio construction. Their analysis highlights the unique potential for portfolio customisation through the synergistic blend of private and public asset classes, coupled with robust risk mitigation strategies via meticulous underwriting and stringent covenants. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Alternatives Role in Constructing Multi-Asset Portfolios. [4:14] Portfolio Construction Customisation with Alternatives. [9:06] Dynamic Private and Alternative Asset Opportunities. [11:48] Managing Insurance Private Capital and Associated Risks. [14:26] Critical Elements of a Strong Portfolio. [17:17] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “There are two primary reasons why investors go in for alternatives. One, return and second diversification.” — Alfred Lerman, Chief Investment Officer at PGIM Multi-Asset Solutions #PGIPodcasts #institutionalinvesting “You can’t just turn on and off an allocation. You need to achieve a vintage diversification.” — Alfred Lerman, Chief Investment Officer at PGIM Multi-Asset Solutions #PGIMPodcasts #alternativeinvesting “A rigorous underwriting process and risk management process is critical in determining suitable strategies for clients.” — Mao Dong, Co-Head of Portfolio Management at PGIM Multi-Asset Solutions #PGIMPodcasts #institutionalnvesting “Alternatives have become an increasingly prominent asset class in multi-asset class portfolio settings.” — Mao Dong, Co-Head of Portfolio Management at PGIM Multi-Asset Solutions #investing #alternativeinvesting “Private assets can play a complementary role to public markets across asset allocation.” — Mao Dong, Co-Head of Portfolio Management at PGIM Multi-Asset Solutions #investing #alts “Having strong convents in place and protection for the end investors are critical elements of a strong portfolio.” — Mao Dong, Co-Head of Portfolio Management at PGIM Multi-Asset Solutions #investing #valueadd “For institutional investors that are looking to position in this recovery sentiment we think real estate debt can provide spread premium as well as portfolio diversification benefits.” — Mao Dong, Co-Head of Portfolio Management at PGIM Multi-Asset Solutions #institutionalnvesting #valueadd
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...Let’s Talk Core Plus Real Estate Investing with Darin Bright
02/20/2025
...Let’s Talk Core Plus Real Estate Investing with Darin Bright
Darin Bright is the Head of Core Plus Strategies at PGIM Real Estate. Darin is passionate about real estate investing and cultivating strong relationships within the investment community. Keshav and Darin examine the tangible aspects of real estate, including its durability, which make it an appealing and accessible component of a diversified portfolio. They discuss the opportunities new technologies and U.S. demographics bring to a diverse Core Plus Real Estate strategy. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: A New Cycle for Returns on Real Estate Investments. [2:25] Benefits of Core Plus Strategies in Real Estate. [4:08] Is the Office Sector Still an Attractive Investment Opportunity? [6:32] Real Estate-related Tailwinds that Promote Growth. [11:31] Opportunities of Deploying Capital in Senior Housing. [18:43] Three Main Takeaways About Core Plus Real Estate. [21:59] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “When we compare real estate to other asset classes, certainly fixed income, it’s starting to deliver at an appropriate rate. You are buying at a pretty significant discount to replacement cost.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #PGIPodcasts #institutionalinvesting “Supply has been shut down because interest rates are high so we think it all adds up to this is the year to start getting ahead of the wave of what should be good normalized returns going forward.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #PGIMPodcasts #alternativeinvesting “We try to integrate the environmental process in everything we do when we underwrite and identify a new investment.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #PGIMPodcasts #institutionalnvesting “Tenants today are prioritizing highly-amenitized, class Double-A, well-located properties.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #investing #PGIMPodcasts “There are a lot of tailwinds that have to do with two segments of the population, Baby Boomers, and Millennials, that are the two largest and also wealthiest in the U.S. and how they consume real estate. Getting in front of whatever they consume is smart.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #investing #alts “There is no greater imbalance in supply and demand from the property sector than senior housing.” — Darin Bright, Head of U.S. Core Plus at PGIM Real Estate #investing #valueadd
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...Let’s Talk Investing in Infrastructure with Bill Pappas
01/22/2025
...Let’s Talk Investing in Infrastructure with Bill Pappas
Bill Pappas is the Managing Director and Head of Core Infrastructure and Structured Credit at PGIM Private Capital. He is a veteran of structured credit and finance within the infrastructure industry. Keshav and Bill explore the nuanced infrastructure investment landscape through the lens of private capital and alternative investment. Their discussion covers the political and regulatory landscape, the impact of technology on energy infrastructure, and how structured solutions can enhance portfolio diversification within this complex asset class. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Infrastructure Investing in 4 Global Megatrends. [3:28] Navigating the Political and Regulatory Risk of Infrastructure Investments. [5:49] Demand for Energy Drives Diverse Infrastructure Opportunities. [12:46] Infrastructure Investing is Nuanced and Complex. [17:29] Structured Credit and Private Equity Offer a Broader Range of Solutions to Investors. [19:29] Infrastructure Investments Enhance Portfolio Diversification. [21:09] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “With digitalization, deglobalization, demographics, and decarbonization, we are seeing a greater need for private capital solutions in all of these dimensions. You need tailored solutions beyond what traditional bank capital can provide.” — Bill Pappas, Head of Core Infrastructure and Private Credit at PGIM Private Capital #PGIPodcasts #institutionalinvesting “The geopolitical landscape is more complex and dynamic and challenging than any time we've seen in recent times but the supply of capital is there in the private sector.” — Bill Pappas, Head of Core Infrastructure and Private Credit at PGIM Private Capital #PGIMPodcasts #alternativeinvesting “In the U.S., data center demand is expected to grow 20% a year through the end of the decade.” — Bill Pappas, Head of Core Infrastructure and Private Credit at PGIM Private Capital #PGIMPodcasts #institutionalnvesting “We are seeing continued growth in investment that's driven by private equity. That's been a massive dynamic that is influencing the markets.” — Bill Pappas, Head of Core Infrastructure and Private Credit at PGIM Private Capital #investing #PGIMPodcasts “With infrastructure, within a portfolio, you've got inflation balance, underlying asset resilience, and stability for investors.” — Bill Pappas, Head of Core Infrastructure and Private Credit at PGIM Private Capital #investing
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...Let’s Talk 2024 Alts Report with Matt Harvey, Sebastiano Ferrante, and Stephan Wessel
12/17/2024
...Let’s Talk 2024 Alts Report with Matt Harvey, Sebastiano Ferrante, and Stephan Wessel
Today’s panel consists of Matt Harvey, Head of Direct Lending at PGIM Private Capital, Sebastiano Ferrante, Head of Europe at PGIM Real Estate, and Stephan Wessel, Managing Partner at Montana Capital Partners, a private equity secondary mid-market specialist affiliate of PGIM. Keshav and the panel examine the findings of the 2024 Alts Report to understand how institutional investors are positioning their portfolios for a risk-on environment. The discussion covers topics such as target allocations to alternatives, geographic diversification, strategy selection, and the factors influencing investment decisions. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Private Alts: Allocations and Tensions in a Risk-on Environment. [2:20] Manage Investment Risk Factors with Covenants and Protections. [8:16] Unique Variations: Positive Leverage in European Real Estate. [12:14] Challenges in Private Alternatives: Fundraising and Valuations. [14:53] Panel Unpacks Today’s Investment Headlines. [19:00] Expected Institutional Investment Headwinds and Tailwinds of 2025. [27:56] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: To Request a Copy of the 2024 Report: Shareables: “Capital generally has to be returned to portfolios before it can be re-deployed.” — Matt Harvey, Head of Direct Lending at PGIM Private Capital #PGIMalts #institutionalinvesting “In the real estate market now, we see a stabilization in variations since this quarter and therefore we start seeing liquidity come back into the core space.” — Sebastiano Ferrante, Head of Europe at PGIM Real Estate #PGIMPodcasts #alternativeinvesting “With digitalization, the AI portion will change real estate structurally and substantially. Don’t only look at the cyclical element and cyclical opportunities, look at the structured changes that will happen to the real estate industry with the change in our societies and economies.” — Sebastiano Ferrante, Head of Europe at PGIM Real Estate #PGIMalts #alternativeinvesting “If allocators expect the cost of capital to increase, irrespective of the underlying asset class, this would obviously impact valuations. This expected shift in asset prices will then trigger portfolio balancing.” — Stephan Wessel Managing Partner at Montana Capital Partners #PGIMalts #investing “We will see a continuation of current trends with significant levels of uncommitted capital persisting into 2025 and beyond.” — Stephan Wessel Managing Partner at Montana Capital Partners #PGIMalts #alternativeinvesting
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...Let’s Talk Emerging Market Trends with Mariusz Banasiak
11/20/2024
...Let’s Talk Emerging Market Trends with Mariusz Banasiak
Mariusz Banasiak, CFA, a Managing Director and Head of Local Currency Rates and FX for PGIM Fixed Income’s Emerging Markets Debt Team discusses the opportunities and challenges of this rapidly changing field. Emerging market debt is highly volatile, influenced by macroeconomic, geopolitical, and local currency factors. This creates both significant risk and potential reward. Keshav and Mariusz discuss the factors that influence investments in this multifaceted debt class and forecast potential opportunities and challenges. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Experts Maximise the Potential of Emerging Market Debt Volatility. [3:11] Opportunities and Challenges of Emerging Market Debt. [4:49] Positive Structural Trends in Emerging Markets [9:24] Managing Risks in Geopolitics and the aftereffects of the 2024 Presidential Election. [11:50] How Will the U.S. Dollar Affect Currencies in Emerging Markets and Japan? [13:22] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “Tension between China and the U.S. is a major theme. It’s been driving certain segments of EM debt for years and will continue to do so. This is seen as a risk but it shouldn’t scare people away.” — Mariusz Banasiak, Managing Director at PGIM Fixed Income #alternativeinvesting #PGIMalts “EM Central Banks cutting cycles are likely to gain momentum because inflation is well behaved.” — Mariusz Banasiak, Managing Director at PGIM Fixed Income #PGIMPodcasts #alternativeinvesting “We see very little risk of a renewed default cycle in Emerging Markets.” — Mariusz Banasiak, Managing Director at PGIM Fixed Income #PGIMalts #institutionalinvesting “EM share of the global GDP pie continues to grow as these economies become more diversified.” — Mariusz Banasiak, Managing Director at PGIM Fixed Income #PGIMalts #investing
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...Let’s Talk Data Centers with Jim Footh
10/29/2024
...Let’s Talk Data Centers with Jim Footh
Jim Footh, Managing Director, Data Center Investments & Portfolio Management at PGIM real estate, discusses the fast-growing investment potential of data centers, and how AI is further fueling this trend. Data centers are one of the fastest-growing areas within real estate investing. Growth is driven by the increasing digitization of our lives and the evolution of AI. Demand for data center builds has various considerations including location, sustainable power, and tenant segments. Keshav and Jim explore the opportunities inherent in this exponential increase in the need for power. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Data Center Sector Supply-Demand Imbalance [2:27] Data Center Location Depends on Applications and Workload [3:31] Data Center Tenant Segments [9:21] Integrating Sustainable Power [13:29] Opportunities in Tier 1 and Tier 2 Data Center Markets [15:37] Data Center Investment Considerations [20:23] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: Shareables: “AI is going to push construction of data centers into more remote areas but there’s still demand for data centers in those close in-city locations.” — Jim Footh, Managing Director of Global Data Center Investments at PGIM Real Estate #alternativeinvesting #realestateinvesting “They are complex investments for sophisticated investors that want to come on this journey as demand for data centers continues to evolve.” — Jim Footh, Managing Director of Global Data Center Investments at PGIM Real Estate #PGIMPodcasts #alternativeinvesting “The industry is focused on creating and evolving designs to make data centers more efficient so there is less wasted power.” — Keshav Rajagopalan, Managing Director, Head of Product & Strategy, PGIM Multi-Asset Solutions #PGIMalts #investing “In the face of the unprecedented demand for data centers, supply will continue to be a challenge.” — Keshav Rajagopalan, Managing Director, Head of Product & Strategy, PGIM Multi-Asset Solutions #PGIMalts #institutionalinvesting
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...Let’s Talk Affordable US Housing with Soultana Reigle
08/20/2024
...Let’s Talk Affordable US Housing with Soultana Reigle
Soultana Reigle, Head of U.S. Equity and Senior Portfolio Manager for U.S. Value-Add Strategies at PGIM Real Estate, traverses one of the great societal challenges in the U.S. and globally, the affordable housing market and its complex economic challenges. This conversation traverses one of the great societal challenges in the U.S. and globally; the affordable housing market. Identifying locations and building quality affordable housing is essential for those attracted to long-term investment returns while fulfilling a vital need for communities and society. Discover the benefits a skilled market analysis can bring to institutional investors. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● The Affordability Gap in Housing [2:23] ● Repairing the Disrupted Real Estate Market [4:07] ● Creative Investment Opportunities in Affordable Housing [6:13] ● Alternative Investments in Affordable Housing [10:34] ● Regional Local Market Experts Equal Success [14:03] ● Public-Private Sector Collaboration Insights [18:07] *The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. Find Out More About Alternative Investing: PGIM Private Alternatives [email protected] @PGIM on X @PGIM on Instagram PGIM on LinkedIn Shareables: “The affordability gap between owning a home and renting a home is the widest it has ever been.” — Soultana Reigle, Head of U.S. Equity at PGIM Real Estate #investing #realestateinvesting “Fortunately, the fundamentals across the housing space are relatively good. So, once we get a thaw in the capital markets environment, housing should be poised for a very good few years ahead.” — Soultana Reigle, Head of U.S. Equity at PGIM Real Estate #PGIMPodcasts #alternativeinvesting “The structural lack of housing supply and inability to meet the needs of a growing and changing demographic has been a retractable issue for well over a decade.” — Eric Adler, President & CEO of PGIM Private Alternatives #PGIMalts #alternativeinvesting “Collaboration between the public and private sector should bear more fruit in years to come. This is a very attractive space for investors.” — Eric Adler, President & CEO of PGIM Private Alternatives #PGIMalts #institutionalinvesting
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…Let’s Talk Agriculture with Jamie Shen
07/16/2024
…Let’s Talk Agriculture with Jamie Shen
Jamie Shen, Managing Director and Head of Agriculture at PGIM Real Estate, explores the transforming landscape of agricultural debt and equity, examine the mitigation of climate risk for investors and explore the balance of labor and mechanization in agriculture. This conversation provides the foundational principles at the core of agricultural investing and the challenges and opportunities available of an asset class that institutional investors are increasingly recognising as a long-term income producer with inflation-protected characteristics. Increase your knowledge of how the United States is mitigating climate risk and the income opportunities of renewable energy in the agricultural sector. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: How the U.S. Mitigates Climate Risk for Institutional Investors [2:59] Opportunities and Challenges of Agricultural Investing [5:10] Row Crop Versus Permanent Crop Performance [9:02] Balancing Labour and Mechanisation in Agriculture [14:35] Significant Takeaways about Agricultural Investing [18:08] Find Out More About Alternative Investing: Shareables: “Land that can sustainably grow food will become more and more valuable over the long run.” — Jamie Shen, Managing Director and Head of Agriculture at PGIM Real Estate #investing #alternativeinvesting “Our investment strategy continues to focus on foods that can provide people with a healthier way of life.” — Jamie Shen, Managing Director and Head of Agriculture at PGIM Real Estate #agriculturalinvesting #alternativeinvesting “A lot of investors think about agriculture for the long term as an inflation hedge and as a really good source of income.” — Eric Adler, President & CEO of PGIM Private Alternatives #PGIMalts #alternativeinvesting “When we are investing in properties and assets that require a lot of labour today we are making sure the ones we are investing in are designed today for the future of mechanisation.” — Jamie Shen, Managing Director and Head of Agriculture at PGIM Real Estate #PGIMalts #institutionalinvesting
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...Let's Talk Direct Lending with Matt Harvey
06/17/2024
...Let's Talk Direct Lending with Matt Harvey
Matthew Harvey, Head of the Direct Lending business for PGIM Private Capital, highlights the importance of experienced asset managers in navigating the direct lending landscape and sheds light on the steady increase of capital flowing into this evolving credit market. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Opportunities in Direct Lending [2:19] ● Asset Managers with Direct Lending Experience [5:02] ● Speed of Capital Deployment [9:17] ● Ever-Evolving Forms of Capital [12:38] ● Challenges of Private Debt Illiquidity [13:58] Find Out More About Alternative Investing: PGIM Private Alternatives [email protected] @PGIM on X @PGIM on Instagram PGIM on LinkedIn Shareables: “As more capital is raised and companies become more educated on direct lending their private credit as a legitimate alternative, that market only continues to expand.” — Matthew Harvey, Head of the Direct Lending business for PGIM Private Capital #investing #alternativeinvesting “A lot of value is created in how you manage the portfolio and how you deal with stress in the portfolio.” — Matthew Harvey, Head of the Direct Lending business for PGIM Private Capital #investing #valueadd “Supply is overall increasing because more and more issuers are coming to this market.” — Matthew Harvey, Head of the Direct Lending business for PGIM Private Capital #PGIMalts #alternativeinvesting “Do you have the depths of portfolio management teams to engage with these issuers and actively manage the portfolio?” — Matthew Harvey, Head of the Direct Lending business for PGIM Private Capital #PGIMalts #institutionalinvesting
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…Let’s Talk Private Equity Secondaries with Dr. Marco Wulff
05/14/2024
…Let’s Talk Private Equity Secondaries with Dr. Marco Wulff
Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG, discusses the advantages and challenges of the private equity secondary market, global prospects, and the recent explosive growth of this private investment strategy. Subscribe to Speaking of Alternatives on your favorite podcast platform. Key Takeaways: Diverse Opportunities of Secondaries [2:58] Liquidity in Private-Equity Secondaries [5:33] Advantages and Risks of Alternatives [7:03] U.S., European, and Asia Market Potential [10:05] Three Factors Affect Leverage Strategies [13:33] Find Out More About Alternative Investing: Shareables: “If you look at the two main actors in the private equity industries on the limited partner side, the lack of distribution leads to difficulties and the refinancing of the commitment they already made.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #investing “Because you buy assets, in our case, that are four to seven years old, you are much further down the road in the lifetime of the fund. So, the distributions are coming on much earlier.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #valueadd “You have to make sure that you get compensated for the additional political risks, the forex risk, and manager risk with a higher return.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #institutionalinvesting “The secondary market is really reinventing itself and innovating quite consistently. I think there is very healthy growth coming in 2024-25.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #alternativeinvesting #PGIMalts
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…Let’s Talk Value-Add Equity Real Estate Investing with Sebastiano Ferrante
04/15/2024
…Let’s Talk Value-Add Equity Real Estate Investing with Sebastiano Ferrante
Sebastiano Ferrante, Head of Europe at PGIM Real Estate, discusses Europe’s alternative investment landscape, prevailing market dynamics currently influencing institutional investing, and the risk-reward trade-off in value-add equity real estate investing. Subscribe to Speaking of Alternatives on your favorite podcast platform. Key Takeaways: The Art of Being a Great Real Estate Investor [1:49] Current Investor Hot Spots [4:20] Europe’s Compelling Real Estate Market [7:54] Investors’ Questions Answered [10:25] Top Three Investor Insights [16:21] Find Out More About Alternative Investing: Shareables: “Interest rates will play a smaller role, and the bifurcation of the market will be bigger between winning strategies and losing strategies.” — Sebastiano Ferrante, Head of Europe, PGIM Real Estate #investing “One other aspect about European markets, and this is the illiquidity we're seeing on the classical bank financing market, and this is a huge opportunity in private credit, private debt and specifically in real estate in Europe.” — Sebastiano Ferrante, Head of Europe, PGIM Real Estate #valueadd “Retail is becoming a brand in itself. It is something that people identify with.” — Sebastiano Ferrante, Head of Europe, PGIM Real Estate #alternativeinvesting “Retail still remains officially one of the main food groups in the world of real estate.” — Eric Adler, President & CEO of PGIM Private Alternatives #institutionalinvesting
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Trailer: Speaking of Alternatives
04/09/2024
Trailer: Speaking of Alternatives
Speaking of Alternatives is an original podcast from PGIM, providing a global perspective on the rich and diverse landscape of alternative investments. Each month, guests join host Eric Adler, President and CEO of PGIM Private Alternatives, to cut through the complexities and get to the heart of alternative investing. Together they look beyond the headlines and scrutinise the latest trends and strategies driving this important asset class.
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