Prudential Capital Provides $5.3B in H1/15 Financings

Prudential Capital Group (PCG) announced it provided more than $5.3 billion to companies and projects worldwide through the first half of 2015. PCG said this represents an increase of more than $1 billion compared to the first half of 2014, while adding 40 new clients across a range of industries.

“With global markets in a state of flux, it is important for companies to have strong relationships with their sources of capital. PCG’s consistent presence in the market and focus on developing strong long-term relationships have served our clients very well through many cycles,” said Allen A. Weaver, senior managing director and head of PCG. “More than half of our transactions this year have been with existing clients, demonstrating that our relationship-based approach is valued by middle market borrowers around the world.”

2015 first-half highlights include:

  • $4.3 billion of investment grade transactions; $875 million of below investment grade transactions; $185 million of mezzanine and private equity investments.
  • Approximately $2.1 billion in North American investments.
  • Approximately $1.1 billion invested outside of North America, primarily in the UK, Europe and Australia.
  • Approximately $1.1 billion in energy sector investments including power and oil and gas.
  • Approximately $1.0 billion in other key sectors such as global infrastructure, lease and specialty financing.
  • The company expanded its portfolio by adding 40 new clients across a range of industries.

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