Prudential commits to DEI private equity
Prudential Financial made a $200 million commitment through the Prudential DEI Portfolio to private equity investments relying on a diversity, equity and inclusion lens.
These investments will focus on limited partners stakes with substantial ownership and/or management by women and minorities, particularly those raising capital for first or second funds.
“Our goal in managing the DEI Portfolio is to provide equity of opportunity for segments that often face challenges in the fundraising process, while also maintaining the rigorous investment standards we’re known for,” said Cherrise Cederqvist, vice president of PGIM Investments, leading the . . .
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