2023 Infrastructure and Structured Credit Activity
We supported existing borrowers and formed new relationships in North America, UK, Europe, and Australia. The team provided financing solutions across different structures with investment sizes of $25 million to $150 million through 6 currencies. Our funding was utilized for ABS issuances, terming out existing short-term funding, refinancing existing indebtedness, executing M&A strategies, HoldCo / sponsor back-leverage, and funding capital expenditures.
Overall, Prudential Private Capital invested nearly $13.7 billion of private capital globally, resulting in $101.5 billion in assets under management at year-end. Our Real Assets platform comprised $4.7 billion of Prudential Private Capital's 2023 capital deployment.
Highlights from our team’s 2023 activity include:
- 25 transactions investing $1.5+ billion across the Investment Grade and High Yield space
- 15 new borrowing relationships representing $1.0+ billion in investments
- Supported existing relationships with an additional $510+ million
- Investments across 12 sectors in the private placement and ABS market
- Supported sponsors in various portions of the capital structure, including HoldCo financings and back-leverage
- Expansion of the Structured Credit initiative with 6 transactions across multiple sectors
- Funding across 6 currencies and 10 countries, including the team’s first Iceland and Italian investments, reinforcing our multi-currency financing capabilities and global presence
2023 Transaction Spotlight - Positioning Port of Tyne for future growth
Based in South Shields on the River Tyne in Northeast England, Port of Tyne is a Trust Port servicing large container, RoRo, automotive, biomass, cruise and general bulk customers, and increasingly the new green energy markets of the future.
In 2023, we provided £45 million Senior Secured Notes. Our investment positions the Port to plan ahead and supports regional jobs and prosperity for Northeast England and the broader UK.
Watch our Partner Story to learn more >
2023 Representative Transactions
We look forward to continuing to build enduring relationships and helping our partners achieve their long-term capital needs in 2024.
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