Prudential Capital Energy wraps up inaugural energy mezzanine fund at $343 mln

Prudential Capital Energy has raised $343 million for its first energy mezzanine fund. Prudential Capital Energy Partners Fund I will focus on middle-market North American upstream oil and gas, conventional and renewable power sectors. PRESS RELEASE Prudential Capital Energy Partners has completed fundraising for its first energy mezzanine fund, Prudential Capital Energy Partners Fund I, L.P., closing at $343 million. Prudential Capital Energy Partners (PCEP) is the middle-market energy mezzanine fund business sponsored by Prudential Capital Group, the $81.4 billion private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Fund I will follow an investment strategy consistent with its predecessor legacy investment programs, making investments ranging from $10 to $50 million to fund primarily mezzanine debt investments in the middle-market North American upstream oil and gas, conventional and renewable power sectors. “We are pleased to close our initial
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LendStreet raises $7 mln

LendStreet Inc said June 7 that it raised $7 million in Series A funding led by Prudential Financial Inc and Radicle Impact. LendStreet also raised $110 million in debt financing from Prudential and Community Investment Management. LendStreet joined existing investors Accion, the Center for Financial Services Innovation (CFSI), Serious Change, Crunchfund, Kapor Capital, and Cross Culture Ventures in participating in the round. LendStreet, of Oakland, California, is an online consumer debt restructuring and consolidation platform. PRESS RELEASE Prudential Financial and Radicle Impact Lead Series A Funding for LendStreet
Consumer Debt Restructuring Platform Closes $7 Million Equity Round; Raises $110 Million in Debt Financing to Support Growth and Mission to Improve US Consumers’ Financial Health
Oakland, CA – June 7, 2018 – LendStreet, Inc. (LendStreet), the leading online consumer debt restructuring and consolidation platform, announced that it has closed a $7 Million Series A equity round, led by Prudential
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Nowell joins PGIM

Howard Nowell has joined PGIM as managing director of the company’s institutional relationship group in London. PGIM is the investment management businesses of Prudential Financial Inc. Nowell was most recently a managing director with BlackRock’s institutional client business in the U.K. PRESS RELEASE LONDON–(BUSINESS WIRE)–Howard Nowell has joined PGIM as managing director of the company’s Institutional Relationship Group in London, committed to serving large institutional clients in the U.K. and Europe and establishing new relationships throughout the region. PGIM, Inc., among the world’s top 10 asset managers with more than $1 trillion in assets under management, is the global investment management businesses of U.S.-based Prudential Financial, Inc. (NYSE: PRU).
Nowell, most recently a managing director with BlackRock’s institutional client business in the U.K., oversaw investment strategies for several top 100 U.K. pensions schemes, with £5 billion to £20 billion of assets. He
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SunTx, Prudential Capital invest $125 mln in Interface Security Systems

SunTx Capital Partners and Prudential Capital Partners invested $125 million of growth equity into Interface Security Systems as part of a $600 million refinancing. St. Louis, Missouri and Plano, Texas-based Interface provides network, physical security and business intelligence services over a cloud-based network. Press Release Interface Security Systems (“Interface” or the “Company”), today announced the completion of a refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners. Interface, headquartered in St. Louis, Missouri and Plano, Texas, is a recognized industry leader and pioneer in providing a comprehensive bundle of monitored, mission-critical managed network, physical security and business intelligence (“BI”) services to large multi-location businesses over a private PCI-compliant cloud-based network. The Company provides such services to many of North America’s most recognized companies in the retail, hospitality,
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PRECap VI raises $1.29 bln

PGIM Real Estate said April 27 that its latest fund closed with more than 1 billion pounds ($1.29 billion) in capital. Pramerica Real Estate Capital VI (PRECap VI) will invest in private real estate debt in Europe, providing whole loans, mezzanine and preferred equity. PGIM Real Estate is the real estate investment business of PGIM, which itself is the global investment management business of Prudential Financial Inc. PRESS RELEASE LONDON–(BUSINESS WIRE)–PGIM Real Estate has completed a capital raise exceeding £1 billion for PRECap VI (Pramerica Real Estate Capital VI), surpassing its fundraising target. PRECap VI is the largest fund in a series dedicated to investing in private real estate debt in Europe. PGIM Real Estate is the real estate investment business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). With more than $1 in trillion assets under management, PGIM is a top 10 global money manager
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One Energy Enterprises scores $80 mln

Findlay Ohio-based One Energy Enterprises LLC, a provider of wind projects, has secured $80 million in funding. Prudential Capital Group was the investor. PRESS RELEASE FINDLAY, Ohio, Jan. 16, 2017 /PRNewswire/ — Prudential Capital Group, a leading source of private capital for public and private companies, and One Energy Enterprises LLC, announced today the closing of an $80 million financing combination of senior and subordinated debt. Prudential Capital Group is the private placement arm of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). One Energy works with large commercial and industrial energy users to provide on-site “behind the meter” wind energy which is directly used by the customer’s facility. The company refers to these projects as Wind for Industry®. By combining development, engineering, procurement, construction, and operation under one organization, One Energy is able to deliver market competitive on-site wind energy solutions to its customers.
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Bridge Ventures rolls out $25 mln real estate fund

Bridges Ventures has launched a $25 million real estate fund Bridges UrbanView. The fund will focus on real estate projects projects “that can deliver superior risk-adjusted financial returns alongside measurable social and environmental impact.” According to the firm, the fund has made its first undisclosed investment: an Atlanta-based mixed-income residential development. PRESS RELEASE 10th January 2017 Bridges Ventures (“Bridges”) announces the launch of a $25m real estate vehicle, Bridges UrbanView (“the Fund”). The Fund has already completed its first deal, investing in a mixed-income residential development in Atlanta, Georgia. Bridges UrbanView will invest in U.S. real estate projects that can deliver superior risk-adjusted financial returns alongside measurable social and environmental impact, following a similar strategy to that employed by Bridges’ four vintages of property funds in the U.K. Bridges UrbanView will seek out investments in urban areas that need revitalization, with a focus on building healthy neighborhoods
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Prudential, LeapFrog form $350 mln partnership for investments in Africa

Prudential Financial and LeapFrog Investments have formed a $350 million partnership to invest in Africa. The partnership, to be managed by LeapFrog, will invest in life insurance companies in African countries, including Ghana, Kenya and Nigeria, over three-to-five years. Press Release Prudential Financial, Inc. (NYSE:PRU) and LeapFrog Investments announced today the launch of a $350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life insurance companies in leading economies on the continent, including Ghana, Kenya and Nigeria, to be made over a three- to five-year period. Charles Lowrey, executive vice president and chief operating officer of Prudential’s International Businesses, said “This investment expands Prudential’s footprint into Africa, a continent that we believe offers tremendous potential for growth over the long term. We are delighted to partner with LeapFrog Investments, given their deep experience in Africa, and their impressive
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PIM to buy Deutsche Bank’s India asset management business

Prudential Investment Management has agreed to acquire Deutsche Bank’s India asset management business. No financial terms were disclosed. PRESS RELEASE NEWARK, N.J.–(BUSINESS WIRE)–Prudential Investment Management (PIM), the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU), has reached a definitive agreement to acquire Deutsche Bank’s India asset management business through its Mumbai-based affiliate, subject to customary closing conditions and regulatory approval. With $948 billion in assets under management, PIM ranks among the world’s largest investment management companies. Deutsche Asset Management (India) Pvt. Ltd., established in 2003, today is the second largest foreign-owned asset manager in the country. During the period April 1 to June 30, 2015, the business had approximately US$3.2 billion average assets under management. Upon closing, the combined business will significantly expand PIM’s investment management expertise, distribution platform and product portfolio in India. “This acquisition provides a tremendous opportunity for our business
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