Mezzanine    

Junior debt and structured equity investments in middle market companies

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.

$7.5B

Originated Since 1995*

6 Funds

Raised and Deployed Since 1995*

30 Years

Average Experience of Investment Committee*

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

Investment Committee

Jeffrey Dickson
Jeffrey Dickson

Executive Managing Director and Head of Alternatives

Matt Douglass
Matt Douglass

CEO & Senior Managing Director

William Engelking
William Engelking

Partner, PGIM Capital Partners, PGIM Private Capital

Marie Fioramonti
Marie Fioramonti

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

Mark Hoffmeister
Mark Hoffmeister

Partner, PGIM Capital Partners

Ed Jolly
Ed Jolly

Managing Director

Engin Okaya
Engin Okaya

Executive Managing Director

Jason Richardson
Jason Richardson

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

Eric Seward
Eric Seward

Managing Partner, PGIM Capital Partners

Steve Szejner
Steve Szejner

Managing Partner, PGIM Capital Partners

As of 3/31/2025, unless otherwise indicated. 

Energy Mezzanine Backed by Decades of Sector Expertise

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

$9.6B

Firmwide Energy Platform AUM*

$650M+

Energy Mezzanine Capital Originated Since 2011

X Years

Average Experience in Investment Committee

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 Private Capital’s multi-billion dollar energy portfolio, built over four decades
  • Non-sponsored origination enables access to deal flow outside of marketed transactions 

Investment Committee

Matt Baker
Matt Baker

Partner, PGIM Energy Partners

Jeffrey Dickson
Jeffrey Dickson

Executive Managing Director and Head of Alternatives

Matt Douglass
Matt Douglass

CEO & Senior Managing Director

Brian Thomas
Brian Thomas

Executive Managing Director and Head of Real Assets

Callie Hamilton
Callie Hamilton

Managing Director and Head of Energy

As of 3/31/2025, unless otherwise indicated.