Prosperity Asset Management

As 2024 comes to an end, Prosperity Asset Management would like to express our sincere appreciation to our clients, business partners, colleagues, and friends. Thank you for being part of this incredible year! From all of us at PAM, we wish you a happy holiday season and all the best for the year ahead! 

Last week, we had the pleasure of hosting students from Manhattan International High School as part of the Rock The Street, Wall Street Wall Street Experience Field Trip program.   Rock The Street, Wall Street empowers young women from diverse backgrounds by teaching financial literacy and providing access to female mentors in the financial industry.   In support of their incredible work, Prosperity Asset Management led classroom workshops and hosted a panel where we discussed the importance of networking and mentorship and explored different career paths within asset management.   Shout out to our inspiring panel presenters! See more below.   #FinancialLiteracy #WomenInFinance #MentorshipMatters #AssetManagement

We are thrilled to share that Evergreen Residential, an institutional real estate investment and operating platform and strategic partner of a Prosperity Asset Management affiliate, has raised $1 billion in capital commitments from a diverse array of investors.  As Evergreen’s seed investor in 2021 – and having actively worked with the management team to grow the business since then – we are excited to continue helping the firm scale its equity, lending and property management strategies, alongside Kuvare Holdings.   “At PAM, we develop longstanding strategic partnerships with platforms when we have a high degree of confidence in their management teams and believe we can help grow their businesses. We look forward to working closely with Joseph Negri and the entire Evergreen team to continue to provide our insurance company clients with exposure to this asset class.” – Deva Mishra, CEO, Prosperity Asset Management   Read the news here: https://lnkd.in/gthfFK9C   #Residential #Insurance #StrategicPartnership #RealEstate

Excited to have our Chief Operating Officer, Leah Mannarino, participate in J.P. Morgan’s inaugural Women in Insurance event, which will bring together women involved in investments and related operational functions in the insurance industry! As Prosperity Asset Management continues to scale our business, we look forward to continuing to broaden our network.   #Insurance #Credit #AssetManagement

We are excited to welcome Matthew Petre, Head of Business Development and Cassandra Becker, Chief Compliance Officer and Senior Counsel to Prosperity Asset Management!   These additions to our team reflect the ongoing expansion and growth trajectory of the PAM platform and follow our strategic decision to scale our third-party insurance AUM and capital markets activities. We look forward to Matt and Cassie’s collective contributions to our business and our clients.   Learn more here: https://lnkd.in/eTFHvKJh   #Hire #Insurance #Credit #CapitalMarkets

We are pleased to welcome Chase Tarantino, David Weaver and Jeff Dick to Prosperity Asset Management as we continue to build out our real estate debt team with high-quality talent.   These additions to our team follow CRE portfolio manager Jason Kelley joining Prosperity in July and demonstrate our growing activity in core, core-plus and value-add commercial mortgages. We look forward to their collective contributions!   Read more in Green Street's Commercial Mortgage Alert below.    #Team #Hire #CRE #Insurance

Why are insurance firms increasingly attracted to owning residential mortgage loans? What skills are required to manage these complex assets?   In a recent interview with Scott Carpenter of Bloomberg News, our CEO Deva Mishra discussed the potential yield benefits of owning whole loans, why he believes these whole loans are a good match for insurance capital, and why we find that insurers are increasingly tapping asset management firms to manage these investments on their behalf. Read more: https://lnkd.in/eNeYQEbg.   To learn more about Prosperity Asset Management’s approach to managing credit and niche assets, we invite you to visit: https://lnkd.in/e5aC2eHU   #Insurance #AssetManagement #Investing #Mortgage

Prosperity Asset Management CEO, Deva Mishra, recently joined Stewart Foley, CFA on the InsuranceAUM.com Podcast to discuss PAM’s approach to constructing and managing investment portfolios for insurers, the attractive investment opportunities that exist in asset-based finance today, and the importance of aligning an insurer’s asset allocations with the risk characteristics of its liabilities.   “Our vision for Prosperity Asset Management was to build not just an asset manager contraption, but a real fundamental way to model behaviors on both sides of the balance sheet and create portfolio allocations, and sector allocations, and origination that fit comprehensively on both the assets and the liabilities.” – Deva Mishra Listen to the full episode here: https://lnkd.in/eMxgwNv2   #AssetBasedFinance #Insurance #AssetManagement #PrivateCredit #Investing

Come join our team! We are seeking a talented and detail-oriented Legal Analyst to join our legal team. As a Legal Analyst, you will play a crucial role in ensuring legal compliance, managing regulatory issues, and supporting the company’s legal initiatives. You will be responsible for providing legal and compliance support to all corporate departments as directed by the General Counsel & Chief Compliance Officer and in coordination with the Associate General Counsel. The Legal Analyst will work on a variety of legal and compliance matters pertaining to day-to-day investment management activities, transaction matters, compliance matters, and related legal projects. This position offers a unique opportunity to contribute to the legal framework of a dynamic and innovative asset management organization.