This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prudential Capital Group Reaches $12 Billion In Annual Originations

Prudential Capital Group achieved more than $12 billion in annual originations in 2013, its highest production year on record, driven by the low-interest rate environment and increasing demand among borrowers in Europe looking for alternate sources of long-term financing, the company announced today. The company, a leading source of private capital for middle-market, public and private companies , also announced that it has $12 billion available to invest in 2014. Prudential Capital Group is an investment business of Prudential Financial, Inc. (NYSE: PRU).

The $12 billion in 2013 originations continues a trend over the past decade in which Prudential Capital more than doubled its annual originations, achieving its most significant growth through the decade’s most volatile economic conditions. The figure exceeds the projected $11.6 billion originations target for 2013.

“Amid constantly changing markets, private debt capital continues to play a key role in helping companies take advantage of near-term opportunities and to plan for the future,” said Allen Weaver, senior managing director and head of Prudential Capital Group. “Europe in particular was a significant driver as companies searched for alternate sources of capital amid uncertain economic conditions on the continent. In the U.S., the low-interest rate environment coupled with an improving economic climate contributed to increased production in our regional offices.”

“Another important contributor in 2013 was our Energy Finance Group where borrowers, including many solar and wind projects, sought out longer-term financing options as well as our infrastructure and leverage lease group which had a record year. In 2014, we will continue to be an active capital provider in the energy, infrastructure and corporate finance markets in the U.S. and across the globe,” Weaver added.

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 $66 billion as of December 31, 2013, 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

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2013, 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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs