In 2024 PGIM 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 unpredictability. As a result, we provided $14.9 billion of senior debt and junior capital to more than 230 middle-market companies and projects globally in 2024.
2024 at a glance
- $14.9B total originations
- $10.5B investment grade
- $3.9B below investment grade
- $574M of mezzanine and private equity investments
- $2.5B Direct Lending
- $4.7B Real Assets
We are pleased to share some 2023 highlights:
- Worked with over 230 partners totaling $14.9 billion invested worldwide.
- 116 partners across a range of industries worked with us for the first time, and 122 existing borrower companies returned for further funding, demonstrating our continuation of existing partnerships and appetite for follow on funding.
- Over 150 investment grade partners with nearly $10.5 billion invested.
- 89 below investment grade partners, totaling $3.9 billion invested.
- A record year for Direct Lending activity, totaling over $2.5 billion across 60 transactions. A highlight of 2024’s Direct Lending transactions includes our support of Hudson Valley Parking Trust’s acquisition of ICON Parking, the largest parking operator in New York City.
- $3.1 billion in energy and power transactions, including the first U.S. Private Placement transaction with Rubis Energie, a global leader in energy and bitumen distribution operating across 40 countries in Europe, Africa, and the Caribbean.
- $1.2 billion across infrastructure investments.
- $381 million in credit tenant lease transactions.
- $574 million of mezzanine investments.
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March 13, 2025
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