On October 19, 2021, PGIM Investments LLC announced an agreement to acquire Green Harvest Asset Management LLC.
Under the terms of the transaction, PGIM Investments LLC (“PGIM”) will acquire Green Harvest Asset Management LLC (“Green Harvest”). As part of the transaction, Green Harvest will join PGIM’s retail platform. The deal is expected to close in the fourth quarter of 2021, subject to customary closing conditions. Further terms of the deal were not disclosed.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) provides investment solutions for retail and institutional investors across a broad range of asset classes, including private fixed income, public fixed income, quantitative equity, fundamental equity, real estate and alternatives. As of June 30, 2021, PGIM managed approximately $1.5 trillion in assets.
Green Harvest, based in New York, New York, is a separately managed account platform that manages and creates ETF portfolios, offering services to high-net-worth investors. Berkshire Global Advisors served as the exclusive financial advisor to Green Harvest in this deal.
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