Ommeed Sathe, 39, is a Vice President and head of the Impact Investment unit in the Office of Corporate Social Responsibility at Prudential, where he oversees all underwriting, origination, pipeline development and portfolio management activities for the group. The Impact Investment unit manages a portfolio of over $600 million in investments and Prudential recently committed to grow its impact investing portfolio to $1 billion by 2020. The group typically originates between $200 million and $250 million in transactions annually and invests in a wide range of assets and strategies that produce both financial and social returns.
Before joining Prudential in June 2011, Mr. Sathe was director of real estate development for the New Orleans Redevelopment Authority (NORA), a quasi-public entity that alleviates blight, redevelops residential and commercial properties and implements crucial public projects in New Orleans. At NORA, he spearheaded the revitalization of historic commercial corridors like Oretha Castle Haley Boulevard and redeveloped over 1000 properties. Previously, he was a real estate and land use attorney with Fried, Frank, Harris, Shriver & Jacobson in New York City.
Mr. Sathe has an undergraduate degree in neuroscience and urban planning from Columbia University; a Masters degree in city planning from the Massachusetts Institute of Technology; and a J.D. from Harvard Law School. Mr. Sathe serves on the board of the Military Park Partnership, B-Lab, Non-Profit Finance Fund and The Community Development Trust. Mr. Sathe has been on the Company’s Board since 2014 and his present term expires in 2018.