2024 Mid-Year Review

Prudential Private Capital continues to build long-term, local partnerships across our global network of 15 regional offices. Through the first half of 2024, we worked with both new and existing partners to provide long-term capital solutions and structure creative alternatives beyond traditional bank financing. As a result, we provided $7.5 billion of senior debt and junior capital to more than 130 middle-market companies and projects globally in the first half of 2024.

We are pleased to share some highlights from the first half of 2024:

• Worked with over 130 partners totaling $7.5 billion invested worldwide.
• 56 partners across a range of industries worked with us for the first time, and 79 existing borrower companies returned for further funding, demonstrating our continuation of existing partnerships and appetite for follow on funding.
• 80 investment grade partners, totaling $5.5 billion invested.
• Over 40 below investment grade partners, totaling $1.7 billion invested.
• Over $1.1 billion invested across more than 30 direct lending transactions.
• Over $230 million of mezzanine investments, including supporting Insight Equity’s acquisition of Atmos Technologies, a specialty materials platform dedicated to providing sustainable solutions for infrastructure and waste applications.
• $1.9 billion invested in energy and power transactions. Notably, the team closed its first renewable power transaction in Sweden with Solør Bioenergi AB, a privately-owned Northern European district heating platform, and its first energy investment in Spain with a HoldCo debt transaction in Exolum, an international liquid products logistics company.
• Nearly $450 billion across infrastructure investments, including establishing a multi-currency revolving shelf facility with Aeroporti di Puglia, an Italian Airport Group.

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