2023 Year in Review

In 2023 Prudential Private Capital remained focused on building real, long-term partnerships. We provided unwavering commitment, stability, and certainty of execution to our partners, despite continued economic and interest rate uncertainty. As a result, we provided nearly $13.7 billion of senior debt and junior capital to more than 250 middle-market companies and projects globally in 2023.

We are pleased ​to share some 2023 highlights:

• Worked with over 250 partners totaling $13.7 billion invested worldwide.
• 106 partners across a range of industries worked with us for the first time, and 159 existing borrower companies returned for further funding, demonstrating our continuation of existing partnerships and appetite for follow on funding.
• Nearly 170 investment grade partners totaling $10.0 billion invested.
• 73 below investment grade partners, totaling $3.1 billion invested, including a below investment grade origination for Sentinel Midstream, a midstream solutions provider in Texas and Louisiana.
• A record year for Direct Lending activity, totaling over $2.0 billion across 50 transactions. Notably the team closed the first direct lending transaction in the Netherlands with financing to support the Company’s growth strategy.
• $2.6 billion in energy and power transactions, including a $62.5 million investment in Brookfield Hydroelectric Plants.
• Nearly $1.2 billion across infrastructure investments, including a direct investment in Port of Tyne, a trust port in Northeast England.
• $875 million in credit tenant lease transactions.
• $503 million of mezzanine investments, including 3 new energy mezzanine transactions‍
• Acquired a majority interest in Deerpath Capital Management, a U.S. private credit and direct lending manager focused on primarily financing private equity sponsor-backed companies in the lower middle market.

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