Pricoa Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets.
Pricoa Capital Group is the private placement arm of PGIM, the global investment management businesses of US-headquartered Prudential Financial.
“For more than 75 years, Pricoa Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says Allen A Weaver, senior managing director and head of Pricoa Capital Group. “In a year where market uncertainty and volatility have made private capital all the more difficult to access, our long-standing relationships have allowed us to continue to serve as a stable source of funding to the middle market.
“As we look ahead, we expect to carefully extend our reach and corporate finance capabilities, which include increasing our junior capital offerings to companies outside of North America. We will also continue to expand our geographic footprint to match our portfolio’s composition and the opportunities we are seeing in private markets worldwide.”
