PGIM Wins Pensions & Investments’ Best Places to Work in Money Management Award
Pensions & Investments has named PGIM a Best Place to Work in Money Management for the second year in a row.
CHICAGO, Oct. 14, 2021 – PGIM Private Capital provided a $65 million Senior Secured Credit Facility consisting of a $50 million Senior Secured First Lien Term Loan and a $15 million committed Delayed Draw Term Loan to ED&F Man Capital Markets U.S. Holdings, Inc., a global financial brokerage business. PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
PJ LaFemina, vice president of PGIM Private Capital’s Direct Lending group, said: “We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth. Our experience with similar financings in this sector introduced us to the opportunity to work with the firm’s management team, forming a strong, direct partnership. Our relationship-oriented approach is reflected in the firm’s mission centered on integrity, trust, client care and astute risk management.”
Christopher J. Smith, global CEO of ED&F Man Capital Markets, said: “Our partnership with PGIM Private Capital’s Direct Lending group is built on a relationship whose foundations go back over many years. The provision of $65 million of strategic financing will enable us to leverage the significant opportunities we see as a leading provider in global capital markets operating at the heart of the financial services ecosystem. Our firm has a resilient and proven track record, a highly executable strategy, and clear vision for the future. This facility will enable us to develop and achieve our financial and strategic goals.”
Matthew Harvey, managing director and head of PGIM Private Capital’s Direct Lending group, said: “We look forward to supporting ED&F Man Capital Markets’ strategic journey and working closely with their leadership team. Our Direct Lending strategy is based on close, long-term relationships with strong management teams, which was reflected through the firm’s outstanding leadership. Our thorough understanding and experience with financing strategies and flexible structures enabled us to provide a valuable solution as ED&F Man Capital Markets further invests in their business.”
ABOUT ED&F MAN CAPITAL MARKETS
ABOUT PGIM PRIVATE CAPITAL
PGIM Private Capital manages more than $20 billion in outside non-affiliated assets through its Institutional Asset Management unit and Alternative Investments unit, comprised of Direct Lending, PGIM Capital Partners and PGIM Energy Partners mezzanine funds. PGIM Private Capital manages a $100.2 billion portfolio of private placements and mezzanine investments through its regional office network (Atlanta; Chicago; Dallas; Frankfurt, Germany; London; Los Angeles; Madrid; Mexico City; Milan; Minneapolis; Newark, New Jersey; New York; Paris; San Francisco and Sydney) and purchases up to $13 billion annually in predominantly senior debt and junior capital. All data as of June 30, 2021. For more information, please visit pgimprivatecapital.com.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with $1.5 trillion in assets under management as of June 30, 2021. With offices in 17 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
* Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 477 firms surveyed) in terms of global assets under management based on Pensions & Investments’ Top Money Managers list published on May 31, 2020. This ranking represents global assets under management by PFI as of Dec. 31, 2020.