Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

29861

Prudential Capital Group provides USD12.53bn in private debt to middle-market companies in 2018

RELATED TOPICS​

Prudential Capital Group provided USD12.53 billion of senior debt and junior capital to over 200 middle-market companies and projects globally in 2018.

Prudential Capital Group is the private capital arm of PGIM, the USD1 trillion global investment management business of Prudential Financial, Inc.
 
“This year marked the continuation of our ongoing expansion both geographically and in specialty areas. We deployed capital across the risk spectrum and met the needs of 91 new clients and 117 existing clients who returned for further funding across a range of industries,” says Allen Weaver (pictured), senior managing director and head of Prudential Capital Group.
 
Prudential Capital Group also formed its Alternatives Group in 2018, housing its mezzanine businesses, Prudential Capital Partners and Prudential Capital Energy Partners, and a new Direct Lending team.
 
“2018 was a banner year for our mezzanine businesses with 17 mezzanine deals globally, including four in Europe and four in the energy market,” says Jeffrey Dickson, managing director and head of Prudential Capital Group’s alternative investments.
 
Said Weaver, “Amid rapidly changing market conditions and capital market uncertainty, private debt continues to play a critical role for many companies and we are proud to partner with our clients to meet their long-term goals.”
 

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by