PGIM Fixed Income
PGIM Fixed Income is a global active fixed income asset manager, founded 1987 and headquartered in Newark, serving institutional and retail investors across all bond markets with notable strength in municipal bond funds. It operates as part of Prudential Financial's PGIM asset management arm.
- Company typePrivate
- Founded1987
- HeadquartersNewark, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What PGIM Fixed Income does
PGIM Fixed Income is a global active asset manager providing fixed income investment solutions across the full spectrum of bond markets. Founded in 1987 and headquartered in Newark, New Jersey, it operates as the fixed income division of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). The firm serves a horizontal client base of institutional investors and retail investors, with particular depth in municipal bond funds — where 27 of its funds (approximately 6% of the 423-fund eligible universe) were recognized in the Best Mutual Funds Awards 2026.
The firm distributes its products through global mutual fund platforms and direct institutional mandates. A December 2024 transaction in which PGIM Fixed Income purchased $500 million of Affirm Holdings' loans illustrates its capacity to deploy capital at scale and its willingness to participate in structured private credit, including the buy-now-pay-later sector, beyond traditional public fixed income. The firm employs 5,001–10,000 people globally, reflecting the research, trading, and operational infrastructure required to manage diversified fixed income portfolios across rates, credit, securitized products, and municipals.
Revenue is generated through asset management fees on managed fixed income AUM, with distribution spanning mutual fund platforms and direct institutional relationships. No specific fee schedule, pricing model, or standalone revenue figure for PGIM Fixed Income is disclosed in the available sources; parent-level financials sit with Prudential Financial.
PGIM Fixed Income firmographics
Firmographics- Name
- PGIM Fixed Income
- Website
- https://pgim.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PGIM Fixed Income is a global active fixed income asset manager, founded 1987 and headquartered in Newark, serving institutional and retail investors across all bond markets with notable strength in municipal bond funds. It operates as part of Prudential Financial's PGIM asset management arm.
- Ownership category
- akta.pro rank
PGIM Fixed Income industry classification
Industry- Product category
- Fixed Income Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Sector / Total Return Fixed Income (FSAAAHAJ)
- akta.pro secondary industry
- Fixed Income Mutual Funds (FSAAAEAB)
Keywords
Where PGIM Fixed Income is headquartered
LocationHeadquarters
- HQ city
- Newark
- HQ country
- United States
- HQ region
- North America
Markets served
PGIM Fixed Income business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Distribution channels2 records
PGIM Fixed Income product offering
Product offeringCore offering
PGIM Fixed Income is a global active asset manager that provides fixed income investment management solutions across global fixed income markets. It serves both institutional and retail investors, with notable expertise in municipal bond funds and broader multi-sector fixed income strategies. The firm also engages in direct credit and loan investment activity as part of its active fixed income mandate.
Differentiator
Problem solved
Functional benefit
Products and services
- Institutional Fixed Income Investment Management Active fixed income investment management solutions offered across global fixed income markets to institutional investors such as pension funds, insurance companies, and sovereign wealth funds.
- Municipal Bond Funds Retail-accessible municipal bond mutual funds managed by PGIM Fixed Income, including offerings recognized in the Best Mutual Funds Awards 2026 (27 of 423 municipal bond funds honored). Targeted at retail investors seeking tax-advantaged income.
- Direct Credit and Loan Investment Program Proprietary credit and loan investment activity undertaken by PGIM Fixed Income, exemplified by a $500 million loan purchase from Affirm Holdings as part of its active fixed income mandate.
Quantifiable outcome
- 27 out of 423 municipal bond funds (6%) recognized as winners in Best Mutual Funds Awards 2026
Companies that use PGIM Fixed Income
Customer profileSegments1 record
Ideal customer profiles2 records
PGIM Fixed Income technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PGIM Fixed Income partnerships and signals
Strategic signalScale indicators1 record
Recent moves3 records
Expansion highlights3 records
PGIM Fixed Income competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
PGIM Fixed Income social profiles
Digital presencePGIM Fixed Income financial estimates
Financial estimateRevenue estimate
Valuation estimate
PGIM Fixed Income leadership team
Management profileNumber of profiles
Profiles1 record
PGIM Fixed Income funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PGIM Fixed Income M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PGIM Fixed Income
What does PGIM Fixed Income do?
PGIM Fixed Income is a global active asset manager that provides fixed income investment management solutions across global fixed income markets. It serves both institutional and retail investors, with notable expertise in municipal bond funds and broader multi-sector fixed income strategies. The firm also engages in direct credit and loan investment activity as part of its active fixed income mandate.
Is PGIM Fixed Income a public or private company?
PGIM Fixed Income is a private company. It is classified as corporate owned and is currently operating.
When was PGIM Fixed Income founded?
PGIM Fixed Income was founded in 1987. It employs 5,001 to 10,000 people.
Where is PGIM Fixed Income based?
PGIM Fixed Income is headquartered in Newark, United States, in the North America region.
Does PGIM Fixed Income have an API?
No public API is recorded for PGIM Fixed Income.
What industry is PGIM Fixed Income in?
PGIM Fixed Income's product category is Fixed Income Asset Management. Its primary akta.pro industry code is FSAAAHAJ, Multi-Sector / Total Return Fixed Income, with a secondary code of FSAAAEAB, Fixed Income Mutual Funds. Its NAICS code is 523940 and its SIC code is 6282.