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Independent Intelligence on the Private Wealth Industry
Thursday, October 1, 2026The Morning Brief →Sign in
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In PWD coverage since August 19, 2026 · 2 stories
PWD coverage
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PGIM's Munich exit proves the permit is the product

A value-add fund bought raw land in 2024 and sold an entitled 30MW site in 2026, the merchant-development model compressed into one trade.
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