PGIM Private Capital Provides $14.9B of Senior Debt and Junior Capital Globally in 2024

“We expect 2025 to be another busy year for originations with borrowers continuing to value our collaborative approach as we strive for certainty of execution against an ambiguous economic and uncertain geopolitical backdrop.” -- Matt Douglass, Senior Managing Director and Head of PGIM Private Capital (Photo: Business Wire)
Matt Douglass, senior managing director and head of PGIM Private Capital, commented: “The pace of originations was strong throughout 2024, surpassing the previous year, and represents the continued demand from a wide range of middle-market companies and projects for private credit solutions.
“We expect 2025 to be another busy year for originations with borrowers continuing to value our collaborative approach as we strive for certainty of execution against an ambiguous economic and uncertain geopolitical backdrop.”
Highlights:
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of investment-grade investments,$10.5 billion of below-investment-grade investments, and$3.9 billion of mezzanine and private equity investments.$574 million - 116 new issuers across a range of industries added to the portfolio, and 122 existing borrower companies returned for further funding.
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in Corporate investments across$10.1 billion North America , theU.K. ,Europe ,Latin America , andAustralia . -
in real assets sectors, including energy, power, infrastructure, and credit tenant lease financing.$4.7 billion -
Over
in direct lending transactions, across 60 transactions.$2.5 billion
PGIM Private Capital’s Direct Lending platform continues to expand, maintaining strong origination activity globally. With a presence across the
Key Transactions:
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The financing of Hudson Valley Parking Trust’s acquisition of ICON Parking, the largest parking operator in
New York City . -
The first
U.S. Private Placement transaction with Rubis Energie, a global leader in energy and bitumen distribution operating across 40 countries inEurope ,Africa , and theCaribbean .
PGIM Private Capital is one of the largest global private capital providers, investing in private debt and equity for 100 years. Through a patient relationship-based approach and cross-border financing experience with local market knowledge, the global team has committed capital through market cycles to help investors improve portfolio outcomes.
ABOUT PGIM PRIVATE CAPITAL
PGIM Private Capital manages a
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager, with
Prudential Financial, Inc. (PFI) of
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2 The
3 As of Dec. 31, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303449071/en/
Guy
+1 973 204 1648
guy.nicholls@pgim.com
Source: Prudential Financial, Inc.