Prudential Capital Group provided more than USD11.3 billion to companies and projects worldwide, and increased its total assets under management to a record high of USD71.6 billion in 2014.
Additionally, the company announced that it has the capacity to provide more than USD12 billion in financing in 2015. Prudential Capital Group is an investment business of Prudential Financial Inc.
“Our ability to offer a financial capability that meets the needs of middle market companies around the world was a driving factor in helping us achieve a strong 2014,” says Allen A Weaver, senior managing director and head of Prudential Capital Group. “With nearly 40 teams of diverse investment professionals in our eight offices across the US and four offices in UK/Europe focused on the financing needs of middle market companies, our ability to provide long-term, fixed-rate capital or medium-term mezzanine capital continues to stand the test of time, regardless of economic or market conditions.”
