Mezzanine

Alternatives

Mezzanine

Junior debt and structured equity investments in middle market companies.

Financing Options

Corporate Mezzanine
Energy Mezzanine

Overview

A Legacy of Corporate Mezzanine Investing

A Legacy of Corporate Mezzanine Investing
Launched over 30 years ago, our corporate mezzanine strategy invests junior capital in middle market companies; securities include subordinated debt, preferred equity, and/or equity co-investments.

INVESTMENT STRATEGY

Focus on middle market companies
Industry generalist approach
Primary focus on North America (75%+)
Sole or lead role in most financings

Global Scale, Local Execution

Originations network built over 50 years
On-the-ground investment teams in 15 offices across the world with deep local market knowledge
Balanced mix of sponsored and non-sponsored deal flow, lessening reliance on buyout markets

Corporate Mezzanine at a Glance

$7.5B

Originated Since 1995*

6 Funds

Raised and Deployed Since 1995*

30 Years

Average Experience of Investment Committee*

Team

Investment Committee

Jeffrey Dickson

Executive Managing Director and Head of Alternatives

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Matt Douglass

Head of Private Credit

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William Engelking

Partner, PGIM Capital Partners, PGIM Private Capital

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Marie Fioramonti

Executive Managing Director and Head of Global Corporate Finance Partner, PGIM Capital Partners

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Mark Hoffmeister

Partner, PGIM Capital Partners

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Ed Jolly

Managing Director

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Engin Okaya

Executive Managing Director

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Jason Richardson

Executive Managing Director, Global Corporate Finance Partner, PGIM Capital Partners

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Eric Seward

Managing Partner, PGIM Capital Partners

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Steve Szejner

Managing Partner, PGIM Capital Partners

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Overview

Energy Mezzanine Backed by Decades of Sector Expertise

We have had an active presence in the energy markets for over four decades via PGIM's private placement platform. In 2011, we launched our energy mezzanine strategy to capitalize on the evolving market dynamics.

INVESTMENT STRATEGY

•Debt capital to middle market, upstream energy companies
•Geographic focus on U.S. And canada
•Investments underwritten with downside credit protection and asset coverage while also benefitting from upside equity participation (royalties, warrants)

SCALED PLATFORM, STRONG INDUSTRY RELATIONSHIPS

Nearly all investments sourced on a direct basis
Leverages PGIM’s multi-billion dollar private credit energy portfolio, built over four decades
Non-sponsored origination enables access to deal flow outside of marketed transactions