A Flexible Approach for an Italian Renewables Company
In December 2023, Pricoa Private Capital established a three-year, $200 million shelf facility and purchased €30 million of senior unsecured notes.
PGIM canvassed a handful of our affiliates for concrete illustrations of how we’ve recently helped solve challenges faced by our clients. Below are just some examples of real-world issues that were met with solutions, thanks to the collaborative efforts of all of our clients and partners.
The tumultuous and unexpected path of 2023 underscores the importance of assessing the impact that a rapidly changing world will have on the way asset managers and investors construct their portfolios. An environment of potentially higher interest rates and inflation, growth in private markets, and idiosyncratic risks that are giving new meaning to resiliency all have broad implications for financial markets and asset allocation strategies.
In our 2024 edition of PGIM’s Annual Best Ideas, we delve into these and other topics of interest to our clients. As always, the ideas presented here are not intended to predict the future, but rather to shine a light on the areas where we believe investors will find promising opportunities, buoyed by PGIM’s distinct depth of expertise and focused experience.