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Prudential Capital Group private debt investments totaled US$5.3B in H1

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Prudential Capital Group private debt investments totaled US$5.3B in H1

Prudential Capital Group said it made about US$5.3 billion in private debt investments in middle-market companies and projects worldwide during the first half.

Of the total investments, US$4.5 billion were investment grade, US$420 million were below investment grade and US$343 million were mezzanine and private equity.

The group, which is the private capital arm of Prudential Financial Inc. unit PGIM, said it provided US$1.8 billion in North American corporate finance capital and invested US$2.3 billion in the U.K., Europe, Latin America and Australasia. It deployed about US$853 million into the energy sector and funneled about US$639 million to global infrastructure, credit tenant lease, commercial asset financing and other key sectors.

Among its investments were US$250 million provided to French company Sodexo and US$75 million in port financing to Peru's Trabajos Maritimos SA.