PGIM Private Capital provided nearly $10.0 billion of senior debt and junior capital to more than 140 middle-market companies and projects globally in the first half of 2022, marking a record first-half origination volume for the firm.
PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc.
PGIM Private Capital’s H1 lending includes $8.4 billion of investment-grade investments, $1.3 billion of below-investment-grade investments; $190 million of mezzanine and private equity investments.
Some 56 new issuers across a range of industries were added to the portfolio and over 100 existing borrower companies returned for further funding.
A total of $6.8 billion in Global Corporate Finance investments were made across across North America, the UK, Europe, Latin America and Australasia, while $2.6 billion was invested in real assets sectors, including energy, power, infrastructure, and credit tenant lease financing.
PGIM Private Capital also invested $190 million across 12 mezzanine investments, including its first mezzanine investment in Latin America.