PGIM reports strong 2019 with $13bn in private debt investment

PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. Managing a portfolio of more than $94 billion as of December 31, 2019, the global firm offers senior debt, mezzanine financing, leveraged leases, project financing, credit tenant leases as well as asset financing to companies worldwide. “Our mezzanine businesses successfully closed 15 mezzanine deals globally, of which 10 were sponsorless transactions,” said Jeffrey Dickson, managing director and head of PGIM Private Capital’s alternative investments. “We also originated 14 direct lending deals, totaling almost $600 million. This includes three companies in Europe and two in the energy market.” Highlights of the PGIM Private Capital’s activities in 2019 included over $3.5 billion invested in key sectors including: energy, global infrastructure, credit tenant lease, and equipment financing. A total of $4.6 billion was invested in the U.K., Europe, Latin American and Australasia. PGIM Private Capital is the private investment arm of the $1.3 trillion global investment management business of Prudential Financial. “Our name change to PGIM Private Capital reinforces our connection to the global PGIM brand and underscores the investment products we offer institutions seeking exposure and attractive returns through private debt and mezzanine investments,” said Allen Weaver, senior managing director and head of PGIM Private Capital. This year we deployed capital across the risk spectrum, meeting the needs of nearly a hundred new clients and over a hundred existing clients across a range of industries.”

PGIM reports strong 2019 with $13bn in private debt investment

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