CHICAGO, Aug. 14, 2017 - Prudential Capital Group, a leading source of private capital for public and private companies, has provided more than $7.1 billion to companies and projects worldwide in the first two quarters of 2017. This milestone represents an increase of $1.8 billion compared to the first half of 2016, and an almost doubling in investments outside of North America. Prudential Capital Group is the private placement arm of PGIM, the $1.1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
“This has clearly been a very busy six-month period for Prudential Capital Group,” said Allen Weaver, senior managing director and head of Prudential Capital Group. “We experienced high levels of investment activity across all of our four origination platforms; especially, our international platform—Pricoa Capital Group, which originates and manages investments outside North America.”
- $6.5 billion of investment grade investments; $538 million of below investment grade investments; $155 million of mezzanine and private equity investments
- $2.1 billion in North American Corporate Finance investments
- $3.2 billion invested primarily in the U.K., Europe, Latin America and Australia
- Approximately $1.1 billion invested in the energy sector
- Approximately $719 million in other key sectors such as global infrastructure and equipment financing
Prudential Capital Group has been a leading provider of private capital to companies for more than 75 years. Managing a portfolio of nearly $80 billion as of June 30, 2017, Prudential Capital offers senior debt and junior capital, leveraged leases, and equipment financing to companies and projects worldwide. The global office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J.; New York, Paris, San Francisco and Sydney.* More information is available at prudentialcapitalgroup.com.
*The Sydney office operates through PGIM (Australia) Pty Ltd.
About PGIM and Prudential
With 14 consecutive years of positive third-party institutional net flows, PGIM ranks among the top 10 largest asset managers in the world, with more than $1.1 trillion in assets under management as of June 30, 2017. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents.
Prudential Financial, Inc. (NYSE: PRU) is a financial services leader headquartered in the United States with operations in Asia, Europe and Latin America. Its additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services.
PGIM: Judith Flynn