Investing in Direct Lending in Today’s Market Landscape
PGIM Private Capital’s Matt Harvey provides an overview of the direct lending market landscape for investors.
PGIM Private Capital
We use a patient, long-term investment strategy applying our scale, relationships, and experience. With our global network, we penetrate target markets and offer unique deal flow to investors, while building direct relationships with prospective issuers.
Private Fixed Income
Organized under a group annuity contract since 1976, PRIVEST is a commingled vehicle focused on investment grade private placements. It is only available to qualified U.S. pension plans. Comparable strategies available under individual managed accounts.
A separate account under a group annuity contract with planned launch date in 2020, this is a commingled vehicle focused on investment grade and high quality below investment grade private placements in infrastructure.
A separate account organized under a group annuity contract, PRIVEST Plus is a commingled vehicle available since 2004 that is focused on fixed rate, below investment grade private placements with a BBB and distressed sleeve.
ALTERNATIVES
We use our global office network to provide borrowers access to growth capital from the U.S., Canada, U.K. and Europe. Our floating rate, senior secured loans target hold sizes $25 million to $75+ million. Separate and single investor accounts are available.
A middle-market mezzanine debt and structured equity fund management business sponsored by PGIM Private Capital, PGIM Capital Partners is focused on investing in leading middle-market companies across a variety of industries.
A middle-market energy fund management business sponsored by PGIM Private Capital, PGIM Energy Partners' investment philosophy is focused on mezzanine and equity investments in North American companies across the upstream oil and gas and power industries.
A credit-oriented infrastructure fund focused on mezzanine, preferred and structured equity investments in North American renewable electricity generation, storage and transmission.
PGIM Private Capital at a Glance
- 1925Established
- 178Investment Professionals
- $100.6 BnAssets Under Management
Insights
Mezzanine Investments: An Attractive Option for Institutional Investors
Through PGIM Private Capital’s regional office network, we have a long track record of successfully deploying capital through market cycles.
PGIM Private Capital provides nearly $5.0B in private debt to middle-market companies in the first half of 2020
PGIM Private Capital provided $4.7 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.
Sources of data (unless otherwise noted) are as of 12/31/2020.