Prudential Financial, Inc. (Prudential) offers a variety of products and services through its business lines, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. As of December 2011, Prudential had USD 901 billion in assets under management. Prudential has operations in the United States, Asia, Europe, and Latin America.
Impact investments made by Prudential and The Prudential Foundation are managed by an internal asset management group called Social Investments. Social Investments invests in U.S. economic development and education sectors though private placement debt and equity. Special emphasis is placed on investing in urban communities where Prudential has a significant business presence, including Newark, NJ. The group has expanded its geographic reach to Latin America and Asia with microfinance and social venture investing. The group currently manages USD 329 million in assets. Since its creation in 1976, the unit has invested almost USD 1.5 billion in impact investments.
