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.”