Dominick Carlino Appointed Global Head of Alternative Investments at PGIM Investments

PGIM Investments, a subsidiary of Prudential Financial, Inc., has announced the appointment of Dominick Carlino as the global head of Alternative Investments. In his new role, Carlino will be responsible for driving the development and distribution of alternative investment solutions tailored to the needs of wealth management clients worldwide. This appointment highlights PGIM’s commitment to expanding its private alternatives capabilities and providing high-quality investment options to financial intermediaries.

With over 20 years of experience in alternatives distribution, Carlino brings a deep understanding of the industry. His previous role as the head of alternative investments distribution at Merrill Lynch has equipped him with the expertise to meet the growing demand for institutional alternative investments. Carlino’s extensive background in business development and distribution at firms like AlphaOne Capital Partners, Morgan Stanley, and Susquehanna International Group further strengthens his ability to support PGIM’s wealth management partners in growing their businesses.

PGIM is a leader in private alternatives investing, managing $310.9 billion in assets under management (AUM) across real estate, agriculture, private credit, and private equity capabilities. The firm has been actively expanding its alternatives franchise, including the recent formation of PGIM Private Alternatives, a business unit that consolidates its private alternatives capabilities to offer comprehensive investment solutions to global investors.

Stuart Parker, President and CEO of PGIM Investments, expressed his confidence in Carlino’s appointment, stating, “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.”

PGIM has been strategically enhancing its private market capabilities through acquisitions, including majority interest in Deerpath Capital in May 2023 and the acquisition of Montana Capital Partners in 2021. These investments further solidify PGIM’s position as a leading provider of private alternatives.

The current market environment has led financial advisors to seek strategies that offer uncorrelated alpha, true diversification, and return enhancement for their clients’ portfolios. Carlino’s appointment will enable PGIM to meet this growing demand and provide wealth management partners with access to institutional alternative investments.

PGIM Investments, with its diverse range of more than 100 funds across various asset classes and investment styles, leverages PGIM’s globally diversified investment platform. As the global asset management business of Prudential Financial, Inc., PGIM manages over $1.27 trillion in assets under management as of June 30, 2023.

For more information about PGIM Investments and its offerings, visit pgim.com.