The Fund will be part of PGIM Private Capital, the largest manager and originator of middle-market, fixed-income private placements in the United States and one of the largest investors in the global private placement market, with $92.3 billion of domestic and international private debt and equity investments in more than 1,000 companies (as of 12/31/19). PGIM Private Capital has a 180 member investment staff dedicated to the unit, and operates through an office in Newark and seven U.S. regional offices in Atlanta, Chicago, Dallas, Los Angeles, Minneapolis, New York, and San Francisco as well as six international offices located in London, Frankfurt, Mexico City*, Milan, Paris and Sydney**. PGIM Private Capital is also an experienced manager of institutional funds, including the five PGIM Capital Partners Funds, and numerous non-affiliated investment management agreements covering investment grade, below investment grade, and junior capital investments. PGIM Private Capital has been investing in energy for more than 30 years, with more than $10 billion in energy private placements across the risk spectrum throughout North America over the past five years.
*Operates through PGIM Real Estate Mexico S.C. **Operates through PGIM (Australia) Pty Ltd.