Deal Pack: PGIM Real Estate
Generated Feb 4, 2026v202602041011Enterprise
AUM
$21B
Strategy
Real Estate
HQ
DES MOINES, IA, US
Founded
N/A
Employees
N/A
Ownership
independent
Layer 1: Proprietary Indicators
55
GP Health Score
Moderate
59
Stakeability
Moderate
50
Fund Performance
Moderate
80
Talent Stability
Strong
40
Credit Exposure
Weak
100
Regulatory Breadth
Strong
30
Market Momentum
Weak
40
Growth Trajectory
Weak
Health Score Breakdown
Component Details
fund performance
50/100Weight: 25%
median irr10
benchmark irr10
fund count with irr23
primary strategyReal Estate
Source: Pension fund performance reports
talent stability
80/100Weight: 20%
current team size107
departed count0
retention ratio1
avg tenure yearsN/A
Source: LinkedIn career histories, team member records
credit health
40/100Weight: 15%
total fair value79180
total parN/A
fair value to par pctN/A
top borrower concentration pct51.6
Source: BDC 10-K/10-Q portfolio filings (SEC)
regulatory compliance
100/100Weight: 10%
unique jurisdictions7
jurisdictionsADGM,Bermuda,Cayman,France,Germany,Luxembourg,UK
active registrations21
total registrations30
Source: FCA, BaFin, AMF, CSSF, ADGM, SEC, entity registrations
market presence
30/100Weight: 15%
news mentions0
conference appearances0
domain rankN/A
employer ratingN/A
Source: Market intel, conference records, Tranco web rankings, Glassdoor
growth trajectory
40/100Weight: 15%
aum growth pctN/A
recent job postings0
funds currently raising0
total funds58
Source: Data changelog (AUM), hiring signals, fund filings
Layer 2: Synthesis
Executive Summary
- PGIM Real Estate shows a moderate overall health profile (score: 55/100) based on analysis of fund performance, team stability, credit exposure, regulatory breadth, market presence, and growth trajectory.
- Median net IRR across 23 tracked funds is 10.0%, compared to a Real Estate benchmark of 10.0%.
- Registered across 7 jurisdictions with 21 active registrations.
Key Risks
mediumCredit
Credit health concerns: FV/Par at None%
Key Strengths
Regulatory
Diversified regulatory footprint across 7 jurisdictions
Secondary Pricing Estimate
72.8%
Avg NAV Pricing
44.0% to 98.0%
Range
22
Funds Priced
Confidence: medium, high
Peer ComparisonReal Estate | 20 peers in AUM range
| Firm | AUM | Stakeability |
|---|---|---|
| PGIM Real Estate (this GP) | $21B | 59 |
| Pebblestone Asset Management | $51B | 28 |
| Investcorp | $50B | 68 |
| ICON Bridge | $49B | 27 |
| SCS Financial | $43B | 40 |
| Ashmore Investment Management | $41B | 39 |
| BC Partners | $40B | 54 |
| New Mountain Capital | $40B | 57 |
| Goldman Sachs Asset Management | $40B | 54 |
| Hudson Advisors | $38B | 29 |
| Starwood Capital Group | $36B | 53 |
Layer 3: Evidence
Fund Performance (50 records)
BDC Credit Exposure (10 borrowers)
| Borrower | Fair Value | Par | BDCs | BDC Names |
|---|---|---|---|---|
| Real Estate Services | $41K | N/A | 2 | TriplePoint Venture Growth BDC Corp, WhiteHorse Finance Inc |
| Total Real Estate Services - 5.78 %* | $20K | N/A | 1 | TriplePoint Venture Growth BDC Corp |
| Total Real Estate Services - 5.17 %* | $18K | N/A | 1 | TriplePoint Venture Growth BDC Corp |
| Sub-total: Real Estate Technology ( 8.2 %)* | N/A | N/A | 1 | Trinity Capital Inc |
| EH Real Estate Services, LLC | N/A | N/A | 1 | Stellus Capital Investment Corp |
| Total Real Estate Services - 0.22 %* | N/A | N/A | 1 | TriplePoint Venture Growth BDC Corp |
| Total Real Estate Services - 0.34 %* | N/A | N/A | 1 | TriplePoint Venture Growth BDC Corp |
| Total Real Estate Services - 0.09 %* | N/A | N/A | 1 | TriplePoint Venture Growth BDC Corp |
| Sub-Total: Real Estate Technology ( 0.1 %)* | N/A | N/A | 1 | Trinity Capital Inc |
| Sub-total: Real Estate Technology ( 2.0 %)* | N/A | N/A | 1 | Trinity Capital Inc |
Regulatory Registrations (30)
| Regulator | Country | Entity | Status | Reference |
|---|---|---|---|---|
| FCA | UK | Real Estate Limited | No longer registered | 736626 |
| FCA | UK | Invesco Real Estate Limited | No longer authorised | 182428 |
| BaFin | Germany | PGIM Real Estate Germany AG | Unknown | 138142 |
| BaFin | Germany | PGIM Real Estate Germany AG | Active | ESMA-17359 |
| BaFin | Germany | UBS Real Estate GmbH | Active | ESMA-5860 |
| AMF | France | PRINCIPAL REAL ESTATE | Active | 20304 |
| AMF | France | OLIFAN REAL ESTATE | Active | 322195 |
| AMF | France | OFI INVEST REAL ESTATE | Active | 24378 |
| CSSF | Luxembourg | L CATTERTON REAL ESTATE | Inactive | ESMA-AIF-14774 |
| CSSF | Luxembourg | ECE REAL ESTATE PARTNERS S.A R.L. | Active | ESMA-AIF-14686 |
| france_rcs | France | KKR REAL ESTATE EUROPE SARL | Active | 915347223 |
| france_rcs | France | KKR REAL ESTATE PARTNERS EUROPE LP | Active | 912943487 |
| france_rcs | France | BC PARTNERS EUROPEAN REAL ESTATE I | Active | 913529947 |
| france_rcs | France | SC TIKEHAU REAL ESTATE V | Active | 948400874 |
| BMA | Bermuda | Lone Star Real Estate Fund V (Bermuda), L.P. | c/o Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamiltonHM11 | Professional Closed Fund |
| BMA | Bermuda | Lone Star Real Estate Fund VI, L.P. | Clarendon House2 Church StreetHamiltonPembroke HM 11 | Professional Closed Fund |
| BMA | Bermuda | Lone Star Real Estate Fund IV (U.S.), L.P. | Corporation Trust Center1209 Orange StreetWilmingtonNew Castle County, Delaware 19801 | Overseas Fund |
| BMA | Bermuda | Lone Star Real Estate Fund V (U.S.), L.P. | Corporation Trust Center1209 Orange StreetWilmingtonNew Castle County, Delaware 19801 | Overseas Fund |
| BMA | Bermuda | Lone Star Real Estate Fund VII, L.P. | Clarendon House2 Church StreetHamiltonPembroke HM 11 | Professional Closed Fund |
| BMA | Bermuda | Kervis Real Estate Fund II | Via Privata Fratelli Gabba 1AMilan N/A | Overseas Fund |
| SEC-EDGAR-FormD | Cayman | Starcrest China Real Estate Fund II, L.P. | Active | 021-280173 |
| ADGM-FSRA | ADGM | Moraal Real Estate Fund LP | Active | F-0156 |
| ADGM-FSRA | ADGM | X12 Real Estate I (CEIC) IC | Active | F-0163 |
| BMA | Bermuda | CRISSON & COMPANY REAL ESTATE | Active | |
| SEC-EDGAR-FormD | Cayman | Boyu Real Estate Fund I, L.P. | Active | 021-380069 |
| SEC-EDGAR-FormD | Cayman | Cheyne Real Estate Debt Fund L.P. | Active | 021-207831 |
| SEC-EDGAR-FormD | Cayman | TCI Real Estate Partners Fund IV LP | Active | 021-482081 |
| SEC-EDGAR-FormD | Cayman | Clearance Real Estate Equity Fund L.P. | Active | 021-139826 |
| SEC-EDGAR-FormD | Cayman | TCI Real Estate Partners Fund II Ltd | Active | 021-264585 |
| SEC-EDGAR-FormD | Cayman | Arkkan China Real Estate Fund SP | Active | 021-445415 |
Methodology
Weighted composite of 6 dimensions
fund performance: 25% - Median IRR vs strategy benchmark
talent stability: 20% - Team retention ratio + average tenure
credit health: 15% - BDC fair value as % of par + borrower concentration
regulatory compliance: 10% - Number of active registrations, legal filing count
market presence: 15% - News mentions + conference appearances + web traffic rank
growth trajectory: 15% - AUM change + hiring signals + new fund filings
Scale: 0-100, where 70+ is strong, 50-69 is moderate, below 50 is weak
Data Sources: SEC Form ADV filings, Pension fund performance reports (CalPERS, CalSTRS, WSIB, etc.), BDC 10-K/10-Q portfolio filings, FCA, BaFin, AMF, CSSF, ADGM, MAS, SFC regulatory registers, LinkedIn career histories, Market intelligence news aggregation, Conference appearance records, Tranco web traffic rankings, Glassdoor/employer rating platforms, Entity registration databases (Delaware, Cayman, Luxembourg, etc.), Hiring signal aggregation, Lobbying disclosure reports, ESG/PRI signatory data
Deal Pack generated by GP Stakes Intelligence Platform on Feb 4, 2026. Data version 202602041011.
All scores are computed algorithmically and should be used alongside independent due diligence.