PGIM PRIVATE CAPITAL

OVERVIEW

 

ESTABLISHED

1925

 

INVESTMENT FOCUS

Private Debt

Visit our borrower website at pricoaprivatecapital.com

INVESTMENT PROFESSIONALS

More than 180

 

LOCATIONS

Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Mexico City,Milan, Minneapolis, Newark, New York, Paris, San Francisco and Sydney**

 Search Locations

$90.6 BILLION

ASSETS UNDER MANAGEMENT

INVESTMENT STRATEGIES

 

Product Launch History

 

1976 

PRIVEST

2001

Pricoa Capital Partners, L.P. 

2004

PRIVEST Plus 

2005

Pricoa Capital Partners II, L.P.

2008

Pricoa Capital Partners III, L.P. 

2012

Pricoa Sterling Corporate Bond Fund
Pricoa Capital Partners IV, L.P. 

2016

Pricoa Capital Partners V, L.P. 

2018

Pricoa Capital Energy Partners, L.P. 

 

INVESTMENT PHILOSOPHY

 

PGIM Private Capital utilizes a consistent, patient, and long-term focused investment strategy which leverages our substantial scale, relationships, and experience. Our regional office network allows us to penetrate our target markets and offers unique deal flow to our investors. Our origination teams call companies directly in order to build long-term relationships with prospective issuers. The regional infrastructure we have built, with 14 offices in the U.S., Europe, Latin America* and Australia** and more than 180 investment professionals, facilitates our strategy. Our management team, with an average of 27 years of experience, helps provide consistency in our investment process.

 

Five Key Strategic Elements

  • Focus on the Middle Market, where we believe better value can be found
  • Broad Sourcing Capabilities, to enable selectivity and enhance underwriting and management 
  • Lead Role in Financings, to better control the investment outcomes of our funds
  • Active Portfolio Management, where our involvement drives return
  • Value-Oriented Approach, which mitigates variability

Partners in Middle Market Investing

  • A global leader in private debt markets
  • One of the largest institutional investors with more than $12.8 billion in private capital invested in 2019
  • Specialized teams in infrastructure, oil & gas, power & renewables, lease, and commercial asset financing

ASSETS UNDER MANAGEMENT BY INVESTMENT CAPABILITIES

 

 

 

INVESTMENT CAPABILITIES AUM ($BILLIONS)
Investment Grade $79.9
Below Investment Grade $7.6
Equity and Mezzanine $3.1
Total AUM $90.6

EXAMPLE INVESTMENTS

 

ACQUISITION OIL CORP

$10M Senior Secured Revolver
$10M Subordinated Notes 

INTERFACE SECURITY SYSTEMS

$100M Subordinated Notes 
$80M Preferred Equity 

CENTURY GAMING TECHNOLOGIES

$29M Senior Subordinated Debt 
$14.5M Junior Subordinated Debt 

LINK SNACKS

$45M Senior Secured Notes 

LEADERSHIP

 

Allen Weaver Senior Managing Director

Allen A. Weaver is the Senior Managing Director and Head of PGIM Private Capital, managing a portfolio of private placements and mezzanine investments through its Regional Office Network.

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CONTACTS

 

OUR BUSINESSES

 

PGIM Fixed Income

A leading provider of global fixed income solutions.
 

Assets

$868 Billion1

Established

1928

Jennison Associates

A leading fundamental active equity and fixed income manager.
 

Assets

$155 Billion2

Established

1969

QMA

A pioneer of quantitative investing, providing equity and global multi-asset solutions.

Assets

$91 Billion3

Established

1975

Pricoa Capital Group

A leading manager of private fixed income portfolios.
 

Assets

$91 Billion

Established

75+ years ago

PGIM Real Estate

A global manager of real estate equity, debt, and securities investment strategies.

Assets

$179 Billion4

Established

1970

PGIM Global Partners

An operator of asset management companies in select markets outside the U.S.

Assets

$88 Billion5

Established

1998

PGIM Investments

A leading provider of actively managed investments including mutual funds, ETFs, and UCITs.

Assets

$121 Billion6

Established

1987

Sources of data (unless otherwise noted) are as of 3/31/2020.

*Operates through PGIM Real Estate Mexico S.C.

**Operates through PGIM (Australia) Pty Ltd.

All Assets Under Management are net unless otherwise noted. 1. Includes $15 billion in assets managed by PGIM Fixed Income for affiliated businesses, $112 billion in PGIM Japan assets, and $128 million of which is sub-advised by PGIM Private Capital. 2. Includes equity $91  billion, public fixed income $64  billion, and private credit and other alternatives $398 million. 3. Includes $58 billion in directly managed mandates, $33 billion of institutional and retail assets managed by various affiliated and third party managers. 4. Net AUM is $118.7B and AUA is $37.9B. Totals reflect gross AUM and include AUA. 5. Sub-advised by other PGIM business units and included in their totals. 6. Represents total combined assets of the PGIM Global Partners businesses, including $82 billion from joint ventures in which PFI does not have a controlling interest, and therefore does not correspond to assets under management and administration as reported by PFI. AUM also includes $5 billion in assets sub-advised by other PGIM units and included in their totals.