PGIM Investments LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. The firm partners with wealth advisors to create and deliver the strategy that is best suited for clients’ needs. Based in New York, the firm specializes in creating and managing ETF portfolios seeking to track U.S., global and custom indices while attempting to maximize after-tax returns. Green Harvest Asset Management LLC was formed in 2017 by a team of seasoned ETF and asset management experts. “We see tremendous value in combining Green Harvest’s capabilities with the strength and stability of PGIM Investments and look forward to bringing PGIM’s clients personalized solutions to meet their investment objectives,” said Robert Holderith, Green Harvest CEO.īerkshire Global Advisors served as exclusive financial advisor to Green Harvest in this transaction. Upon completion, Green Harvest will join PGIM Investments’ retail platform, expanding the firm’s wide range of investment solutions and capabilities. Subject to customary closing conditions, the deal is expected to close in the fourth quarter of 2021. “This acquisition underscores our commitment to meeting the evolving needs of our clients and we are pleased to welcome Green Harvest on board.”
“With markets near all-time highs and potential tax increases on the horizon, understanding the impact of capital gains taxes and implementing strategies focused on after-tax results are critically important for investors, particularly those in the ultra-high-net-worth category,” said Stuart Parker, president and CEO of PGIM Investments.
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