PGIM Taps Blackstone Alum Nisenson for Private Asset-Based Deals

Prudential Financial Inc.’s PGIM Fixed Income is hiring Blackstone Inc. alum Oliver Nisenson to lead the growth of its global private asset-based finance platform, as insurers scale their footprint in private markets.

Nisenson will join PGIM on May 15 in the newly created role of head of asset-based finance, according to a statement seen by Bloomberg News. He’ll report to Edwin Wilches and Gabriel Rivera, the co-heads of securitized products, and be based out of New York.

PGIM is growing its presence in the $5.2 trillion asset-based finance market, which refers to debt backed by streams of contractual ...