Dominick Carlino has joined PGIM Investments in the newly created role of global head of alternative investments.
Reporting to PGIM President and CEO Stuart Parker, Carlino will oversee the continued development and distribution of alternative investments to wealth managers globally.
PGIM has $311 billion in assets across real estate, agriculture, private credit and private equity offerings. The firm recently formed a new business unit, PGIM Private Alternatives, under the leadership of Eric Adler. This past May, the firm acquired a majority interest in credit specialist Deerpath Capital; in 2021, it bought Montana Capital Partners, a private equity secondaries firm.
“Dominick’s deep understanding and experience in the alternatives space will add tremendous value to our business as we continue to extend PGIM’s full array of high-quality private capabilities to our financial intermediary partners and their high-net-worth clients,” said Parker.
Most recently, Carlino served as managing director, head of alternative investments distribution at Merrill Lynch. Prior to his 10 years at Merrill Lynch, Carlino held various business development and distribution roles at AlphaOne Capital Partners, Morgan Stanley and Susquehanna International Group.
“Given the current market environment, advisors are increasingly seeking strategies that offer uncorrelated alpha, true diversification and return enhancement within their clients’ portfolios,” Carlino added. ”I am thrilled to join PGIM to help meet this growing demand for access to institutional alternative investments and to support our wealth management partners in growing their business.”