The US$837 billion ($1.4 trillion) fixed income manager has welcomed Oliver Nisenson as head of asset-based finance (ABF), effective on 15 May 2025.
This newly created position will see him lead the growth of the PGIM Fixed Income’s global private ABF platform within its US$131 billion securitised products business, while reporting to co-heads of securitised products Gabriel Rivera and Edwin Wilches.
Nisenson joins from Blackstone Credit and Insurance, where he was a senior managing director leading investments in asset-based finance. Prior to this, he held the managing director role at Credit Suisse and was also a founding partner at 20 Gates Asset Management.
According to John Vibert, president and CEO of PGIM Fixed Income, the firm has been an active investor in the private asset-based finance market for more than three decades.
This includes executing private asset-based transactions with partners across consumer credit, mortgage, fund finance, and commercial finance.
“As such, we believe we have a unique value proposition to offer clients as the divide between public and private fades and client demand for asset-based financing and tailored investment solutions accelerates,” Vibert said.
“We are excited to welcome Oliver to lead and expand our private ABF team. His expertise in this space will be valuable to our team and to our clients.”
Commenting on the global private ABF platform, Wilches said: “Having one fully integrated team across public and private markets has resulted in diversified sourcing channels and a library of data and analytics that rival industry peers. This allows us to identify attractive investment opportunities across sectors and through varying market cycles for our clients.”
In separate news, PGIM Real Estate recently completed the fundraise for its first Global Data Center Fund (GDCF), with $2 billion of capital allocated to the strategy from a range of global investors.
The firm stated the fund has a build-fill-sell investment strategy focused on the low latency, hyperscale segment of the global data centre sector, targeting opportunistic investment returns.
Since its first close in July 2023, the GDCF has constructed a geographically diversified portfolio of assets targeting investments across the major global data centre markets of North America, Asia-Pacific, and Europe.
