PGIM Private Capital, the private credit arm of PGIM, the $1.38tn global asset management business of Prudential Financial, provided $14.9bn in senior debt and junior capital to 238 middle-market companies and projects worldwide in 2024.
Despite economic uncertainty and geopolitical volatility, PGIM Private Capital saw strong origination activity across multiple sectors, reflecting the continued demand for private credit solutions.
“The pace of originations remained strong throughout 2024, surpassing the previous year’s levels,” said Matt Douglass, Senior Managing Director and Head of PGIM Private Capital in a press statement. “We expect 2025 to be another active year, as borrowers continue to value our collaborative approach and execution certainty in an evolving market environment.”
Over the course of the year, PGIM provided $10.5bn in investment-grade financings; $3.9bn in below-investment-grade transactions; and $574m in mezzanine and private equity investments.
Corporate investments across North America, the UK, Europe, Latin America, and Australia totalled $10.1bn, while e=real assets sectors, including energy, power, infrastructure and credit tenant lease frinan king accounted for $4.7bn in investments.
PGIM also provided $2.5bn in direct lending, across 60 transactions.
PGIM Private Capital’s Direct Lending platform continued to scale, deploying capital across sponsored and non-sponsored transactions in the US, Europe, and Australia. In real assets, the firm originated: $3.1bn in energy and power transactions; and $1.2bn in infrastructure investments
$381 million in credit tenant lease financings.
