<link rel="alternate" hreflang="en-us" href="https://www.prudentialprivatecapital.com/perspectives/2021-mid-year-review"> <link rel="alternate" hreflang="en-gb" href="https://www.pricoaprivatecapital.com/perspectives/2021-mid-year-review"> <link rel="canonical" href="https://www.prudentialprivatecapital.com/perspectives/2021-mid-year-review" />
We are excited to introduce ourselves to you and our unique way of working together. In order to provide you with the optimal experience, how would you describe yourself?
Our website requires features that may not be fully supported by your current browser. Please try an other one.
Jul 20, 2021

2021 Mid-Year Review

In the first half of 2021, we provided nearly $6.5 billion of senior debt and junior capital to more than 100 middle-market companies and projects, marking the second largest first half origination volume over the past decade. 2021 has affirmed the strength of our global origination network and demonstrated our unwavering commitment to supporting our borrowers through any economic environment.

As markets across the globe begin to move beyond the pandemic, we are pleased to share some 1H21 highlights.​

  • 107 transactions totaling nearly $6.5 billion invested worldwide, with $98 billion in assets under management as of 3.31.21.
  • $5.5 billion of investment grade investments, $808 million of below investment grade investments; $209 million of mezzanine and private equity investments.
  • 44 new issuers across a range of industries added to the portfolio and 61 existing borrowers returned for further funding.
  • $4.7 billion in Global Corporate Finance investments across North America, the UK, Europe, Latin America, and Australasia, including a direct growth financing for an Australia-based air transport company, Alliance Aviation Services.
  • $1.6 billion in Real Assets investments, including energy, power, infrastructure, and credit tenant lease financing, including a $60 million below investment grade origination for Rougaroux Power Holdings, LLC, an indirect owner of a 192 MW operating hydroelectric project located in Louisiana.
  • Over $200 million invested across 10 mezzanine investments, including a mezzanine energy financing.
  • Over $400 million in Direct Lending transactions, across 12 new and follow-on transactions.
  • Opening of our Madrid office, Prudential’s inaugural presence in Spain, with notable activity YTD, including a €125 million origination for Club Atlético de Madrid S.A.D.
  • Over $1 billion lent across UK and Irish companies out of our London office, with over 80% of YTD lending through direct transactions.​
We are pleased to continue our relationship with Prudential, signing our first sustainable private placement supports our long term aim to provide all the company’s funding through our sustainable financing framework. We value Prudential’s shared commitment and their supportive approach to help to deliver our sustainable goals.

Paul Boote, Group Finance Director
South West Water

As the global economy continues to reopen, we look forward to maintaining our investment momentum and strong origination activity through the balance of the year. Looking ahead, we are excited to continue building enduring relationships and helping our partners achieve their long-term capital needs.

More Posts

You Might Also Like

No items found.
See All Posts
Prudential is authorized to transact business in all U.S.states and the District of Columbia. Product availability varies by state and country. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. © Copyright 2021 Prudential Financial, Inc., Newark,NJ USA. All rights reserved. Prudential Financial is a service mark of The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Prudential Financial, Inc. 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. Your personal information may be stored and processed in any country where PGIM has facilities or in which we engage service providers and if you provide Personal Information to us you consent to the transfer of that information to countries outside your country of residence, including the United States, which may have different data protection rules than those of your country.