Prudential Capital Group allocated £200 million (About US$323 million) by HM Treasury to invest in U.K. middle-market

  Prudential Capital Group allocated £200 million (About US$323 million) by HM
  Treasury to invest in U.K. middle-market companies

Business Wire

NEWARK, N.J. -- December 13, 2012

Prudential Capital Group today announced that Her Majesty’s Treasury, the
United Kingdom’s economics and finance ministry, allocated £200 million (about
US$323 million) of a total £700 million (about US$1.1 billion) to the firm as
part of a partnership to make more capital available to mid-sized U.K.
businesses. Prudential Capital Group is an investment manager focused on
providing capital for middle-market, public and private companies, and an
investment business of Prudential Financial, Inc. (NYSE:PRU)

The £200 million was allocated to the Pricoa Sterling Fund, which, consistent
with the objectives of the public/private partnership, will invest in debt
securities of U.K. companies with less than £500 million in annual revenue.
The funds will be invested alongside the advisor’s parent and other
institutional investors.

Prudential Capital Group is one of the largest middle-market private placement
investors in the world with more than 70 years of experience. Globally, the
firm has lending relationships with more than 1,000 companies and manages a
portfolio of more than $65 billion, including $10 billion managed for
non-affiliated investors, as of September 30, 2012.

HM Treasury launched the initiative, called the Business Finance Partnership,
earlier this year to increase the supply of capital through non-bank lending
channels and to help diversify capital sources. The U.K. Chancellor’s Autumn
Statement, dated Dec. 5, 2012 announced the investment of £700 million toward
the creation of five new funds that will lend to mid-sized companies.

“The Business Finance Partnership was a perfect fit for Prudential in that we
have been actively executing a non-bank, institutional lending model in the
U.K. for more than 20 years,” said Albert Trank, a managing director with
Prudential Capital Group responsible for the firm’s advisory funds and
investor relationships. “The initiative also raises the visibility of
opportunities in non-bank lending/investing for institutional investors beyond
the traditional U.S. base. We anticipate active participation among U.K.
institutional investors.”

Prudential Capital Group has been a leading provider of private debt,
mezzanine and equity securities to companies worldwide for more than 70 years.
Managing a portfolio of more than $65 billion as of September 30, 2012,
Prudential Capital offers senior debt and mezzanine capital, leveraged leases,
credit tenant leases, and equipment finance to companies, worldwide. The
global regional office network has locations in Atlanta, Chicago, Dallas,
Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and
San Francisco. For more information, please visit
www.prudentialcapitalgroup.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $1.005 trillion of assets under management as of September 30,
2012, has operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees are committed to helping
individual and institutional customers grow and protect their wealth through a
variety of products and services, including life insurance, annuities,
retirement-related services, mutual funds and investment management. In the
U.S., Prudential’s iconic Rock symbol has stood for strength, stability,
expertise and innovation for more than a century. For more information, please
visit http://www.news.prudential.com/.

Contact:

Prudential Financial, Inc.
John Chartier, 973-802-9829
john.chartier@prudential.com
 
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