DIRECT LENDING

OUR GLOBAL APPROACH TO DIRECT LENDING

 

PGIM Private Capital targets the middle market, which we define as companies with EBITDA of $10 to $50 million. Our regional office network of nearly 200 investment professionals, enables us to source unique and proprietary deal flow, and enables our borrowers to access growth capital globally, with the U.S., Canada, UK and Europe all meaningfully contributing. It allows us to take a macro-economic perspective on global trends that underlie our structuring and underwriting. Our office network also gives us the flexibility to offer cross-border transactions, as well as transactions in any one domestic market. 

Currencies in Which We Invest:

CAD $

AUD $

EUR €

GBP £

OVERVIEW

 

Uses for Direct Lending Capital 

  • Leveraged buyout 
  • Recapitalizations/Dividend recapitalizations 
  • Growth capital 
  • Acquisitions 
  • Shareholder and management buyouts 
  • Generational transfers 
  • Cross-border financings 

EXAMPLE TRANSACTIONS 


We have invested over $4 billion* of direct lending capital thus far. We finance a breadth of companies and transactions, including corporates and energy, sponsored and non-sponsored transactions as well as U.S. and cross-border. Below are select examples from recent transactions: 

Sponsored (Corporates) 

  • K2 Pure Solutions 
  • Beauty Industry Group 
  • ACRE 
  • Hostway and HOSTING 
  • Huntington Foam 
  • Piston Holdings 
  • AmeriMark Direct 
  • Source4Teachers 

Non-Sponsored (Corporates) 

  • Overseas Shipholding Group 
  • ARCA 
  • Comm-Works 
  • Integrity Gaming 
  • MooreCo 
  • VLS Recovery Systems 
  • Education Dynamics 

Energy 

  • MD America 
  • Arena Energy 
  • Prairie Provident 
  • Pinedale Corridor 
  • Primary Energy Recycling Corporation 
  • Agilon Energy Holdings 
  • Apex Clean Energy
  • Acquisition Oil 

Non-U.S./Cross-Border 

  • Revolution Beauty 
  • 118 Group 
  • Pizza Hut 
  • Principle Group 
  • Aurora Lighting 
  • Italian Entertainment Network 
  • Dominion Colour Corporation 
  • HH Global 

PARTNERING WITH PGIM PRIVATE CAPITAL

 

PGIM Private Capital Direct Lending focuses on both the sponsored LBO side of the market (volumes for which can cycle with the capital markets), as well as works directly with family-owned or management-owned companies. For the latter, ownership is not often changing hands, so these companies tend to look for a lender with a longer-term, more patient outlook, who is able to lend through cycles. 

Our leveraged loan track record dates back to 2000, so we draw from experience when helping borrowers through difficult times. Our committed pool of capital allows for significant funding capacity, with the ability to provide follow-on financing as needed, as well as certainty of execution. Additionally, our streamlined due diligence process enables transactions to close quickly. 

INTERESTED?

We would be happy to discuss how a Direct Lending loan could work for you: 

Matt Harvey
Managing Director
Phone: 312-565-6253
Email: click here to contact
Territory: All

PJ LaFemina
Director
Phone: 312-228-6512
Email: click here to contact
Territory: North America

Chris Halloran
Vice President
Phone: 214-720-6235
Email: click here to contact
Territory: Energy

Jack Gilbert
Director
Phone: +44 20 3837 3404
Email: click here to contact
Territory: Europe