Prudential Capital Group, a leading source of private capital for public and private companies, today announced it provided more than $11.3 billion to companies and projects worldwide, and increased its total assets under management to a record high of $71.6 billion in 2014. Additionally, the company announced that it has the capacity to provide more than $12 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,” said 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 U.S. 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.”
2014 highlights include:
- $9.5 billion of investment grade transactions; $1.2 billion of below investment grade transactions; $613 million of mezzanine and private equity investments.
- Realized $369 million from full and partial exits/cash outs in 17 mezzanine private equity investments.
- Approximately $4.4 billion in North American investments.
- Approximately $3 billion invested outside of North America, primarily in the U.K., Europe and Australia.
- Approximately $2.2 billion in energy sector investments including: power and oil and gas.
- Approximately $1.7 billion in other key sectors such as global infrastructure and specialty financing.
- The company expanded its portfolio by adding 82 new clients across a range of industries.
Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 70 years. Managing a portfolio of $71.6 billion as of December 31, 2014, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J., New York, Paris and San Francisco.