Pgim Real Estate Luxembourg S.A. (Luxembourg)


Pgim Real Estate Luxembourg S.A. is a large advisory firm based in Luxembourg. It manages $4.81 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2017.

Pgim Real Estate Luxembourg provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pgim Real Estate Luxembourg: assets under management

The assets under management (AUM) of Pgim Real Estate Luxembourg S.A. is $4.81 billion. The firm's AUM has grown by 160% since the beginning of its operation, and $4.81 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4 billion in discretionary accounts and $810.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $499.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $202.7 million.
Pgim Real Estate Luxembourg has custody of $1.74 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pgim Real Estate Luxembourg S.A. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Martin Matern serves?

The only and largest group of clients of Martin Matern is pooled investment vehicles with 12 clients and $4.81 billion of assets under management. Among the 10 most similar advisory firms, Pgim Real Estate Luxembourg has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.81 billion for 12 clients. 100% of the firm’s clients are foreign persons or businesses.

Pgim Real Estate Luxembourg also advises several private funds. Namely, three hedge funds, one real estate fund, and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $11,431,500.

Careers at Pgim Real Estate Luxembourg S.A.

The company employs 16 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Martin Matern has been acting as President since 1 Sep 2012. Martin Rudolf Stoss joined the executive team most recently as the Executive Director, Portfolio Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Martin Matern Director 1 Sep 2012 Other 6584075
Ruediger Michael Schwarz Director 1 Jan 2013 Other 6584072
Eric Bernard Collinet Adler Chief executive officer 1 Jan 2013 Other 6016723
Philip Mathew Barrett Global chief investment risk officer 1 Jan 2013 Other 6016727
Enrico Baldan Head of legal, corporate & administration, director 1 Apr 2015 Other 6584073
Christopher John Povall Chief compliance officer 1 Nov 2015 Other 6025599
Natalie Gloria Sarah Ebert Vice president, head of corporate & fund accounting 1 Nov 2016 Other 6760910
Andrew Ballantyne Crain Emea chief compliance officer 1 Sep 2017 Other 5907819
Philip Mathew Barrett Global head of business and investment operations 1 Jan 2018 Other 6016727
Martin Rudolf Stoss Executive director, portfolio manager 1 Jun 2018 Other 6975708

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Prudential Financial Shareholder 1 Dec 2001 75% - 100% 22-3703799
Pgim Holding Company Llc Shareholder 1 Jan 2002 75% - 100% 14-1960383
Inc. Prei Acquisition I Shareholder 1 Sep 2002 75% - 100% 76-0716270
Inc. Pgim Shareholder 1 Sep 2002 75% - 100% 105676
Inc. Prei Acquisition Ii Shareholder 1 Mar 2006 75% - 100% 87-0692760
Pgim Real Estate Germany Ag Shareholder 1 Mar 2007 75% - 100% foreign

Based in Luxembourg

The principal office where Pgim Real Estate Luxembourg S.A. performs its advisory services is located at 2, Boulevard De La Foire, Luxembourg, 01528, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 352 27 62 34 10 or by fax 352 27 62 34 19. The normal business hours are 9:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at pgimrealestate.com..