investor.prudentialcapitalgroup.comPGIM Private Capital | PGIM

PGIM Private Capital www.pgim.com en SkfX47kqajPzEfX8shmOtVa Asset Management closeAt-A-Glance Company Values History Leadership Locations Strengths Solutions Clients We Serve Advisory Solutions Defined Contribution Institutional Relationships ESG Our Businesses Overview PGIM Fixed Income PGIM Real Estate Jennison Associates QMA PGIM Private Capital PGIM Real Estate Finance PGIM Global Partners PGIM Funds Insights All Insights Market Events Outlooks & Economy Megatrends News Careers Contact News Careers Contact ContactMenu Close PGIM Home SearchAt-A-Glance Company Values History Leadership Locations Strengths Solutions Clients We Serve Advisory Solutions Defined Contribution Institutional Relationships ESG Our Businesses Our Businesses Overview PGIM Fixed Income PGIM Real Estate Jennison Associates QMA PGIM Private Capital PGIM Real Estate Finance PGIM Global Partners PGIM Funds Insights All Insights Market Events Outlooks & Economy Megatrends Search Close {} Z7_G802HJS0M8L340Q6JTUK2TQ4A5 Web Content Viewer Component Action Menu ${title} ${loading} Actions PGIM PRIVATE CAPITAL PGIM PRIVATE CAPITAL PGIM Private Capital is the private debt investment arm of PGIM, the global investment management business of Prudential Financial, Inc. We’ve been investing in private debt for more than 75 years and have managed assets on behalf of other institutions since 1976. PGIM Private Capital manages a private debt portfolio of nearly $89 billion, including over $18 billion on behalf of non-affiliated institutions. PGIM Private Capital invests across the risk spectrum, including investment grade, high yield and mezzanine, and offers a variety of products to its investors. INVESTMENT STRATEGIES ENERGY MEZZANINE CORPORATE MEZZANINE DIRECT LENDING INVESTOR ACCOUNTS INVESTMENT STRATEGIES ENERGY MEZZANINE CORPORATE MEZZANINE DIRECT LENDING INVESTOR ACCOUNTS Z7_K8HEHHG0L0C170ADGDL96T9AG0 Web Content Viewer Component Action Menu ${title} ${loading} Actions OVERVIEW ESTABLISHED 75+ years ago INVESTMENT FOCUS Private Debt Visit our borrower website at pricoaprivatecapital.com INVESTMENT PROFESSIONALS 176 LOCATIONS Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Mexico City, 1 Milan, Minneapolis, Newark, New York, Paris, San Francisco and Sydney 2 Search Locations $91.3 BILLION ASSETS UNDER MANAGEMENT Z7_G802HJS0M0B280QQVMVG6O1490 Web Content Viewer Component Action Menu ${title} ${loading} Actions INVESTMENT STRATEGIES Investment Grade PRIVEST is an Insurance Company Separate Account organized under a group annuity contract. It is a commingled vehicle that has been in existence since 1976 and invests in investment grade private placements. PRIVEST is only available for investment by qualified U.S. pension plans. Separate Accounts/ Single Investor Accounts are available. Infrastructure Debt 3 Separate Accounts/ Single Investor Accounts are available. Below Investment Grade PRIVEST Plus is an Insurance Company Separate Account organized under a group annuity contract. It is a commingled vehicle that has been in existence since 2004 and focuses on high quality, high yield private placement investments. PRIVEST Plus is only available for investment by qualified U.S. pension plans. The Pricoa Sterling Corporate Bond Fund is a Qualified Investor Fund that closed with an initial commitment of £300 million in 2012. The Sterling Fund invests in private placement investments originated by PGIM Private Capital and denominated in pounds sterling. The Fund is only available to qualified institutional investors located outside of the U.S. The Fund is closed to new investors, but other options outside of the U.S. are available. (Closed to new investors) Separate Accounts/ Single Investor Accounts are available. Direct Lending Separate Accounts/ Single Investor Accounts are available. Corporate Mezzanine PGIM Capital Partners is the middle-market mezzanine debt and equity fund management business sponsored by PGIM Private Capital. PGIM Capital Partners’ investment philosophy is focused on middle-market companies in traditional industries primarily in North America Energy Mezzanine PGIM Energy Partners is the middle-market energy fund management business sponsored by PGIM Private Capital. PGIM Energy Partners’ investment philosophy is focused on mezzanine and equity investments in middle-market North American energy companies across the upstream oil and gas and power industries. Product Launch History 1976 PRIVEST 2001 Pricoa Capital Partners, L.P. 2004 PRIVEST Plus 2005 Pricoa Capital Partners II, L.P. 2008 Pricoa Capital Partners III, L.P. 2012 Pricoa Sterling Corporate Bond Fund Pricoa Capital Partners IV, L.P. 2016 Pricoa Capital Partners V, L.P. 2018 Pricoa Capital Energy Partners, L.P. Z7_G802HJS0M0M070QQKTGSR7GQS7 Web Content Viewer Component Action Menu ${title} ${loading} Actions INVESTMENT PHILOSOPHY PGIM Private Capital utilizes a consistent, patient and long-term focused investment strategy which leverages our substantial scale, relationships, and experience. Our regional office network allows us to penetrate our target markets and offers unique deal flow to our investors. Our origination teams call companies directly in order to build long-term relationships with prospective issuers. The regional infrastructure we have built, with 14 offices in the U.S., Europe, Latin America 1 and Australia 2 and more than 180 investment professionals, facilitates our strategy. Our management team, with an average of 27 years of experience, helps provide consistency in our investment process. Five Key Strategic Elements Focus on the Middle Market , where we believe better value can be found Broad Sourcing Capabilities , to enable selectivity and enhance underwriting and management Lead Role in Financings , to better control the investment outcomes of our funds Active Portfolio Management , where our involvement drives return Value-Oriented Approach , which mitigates variability Partners in Middle Market Investing A global leader in private debt markets One of the largest institutional investors with more than $12.5 billion in private capital invested in 2018 Specialized teams in infrastructure, oil & gas, power & renewables, lease and commercial asset financing Z7_K8HEHHG0L0C170ADGDL96T9AG1 Web Content Viewer Component Action Menu ${title} ${loading} Actions ASSETS UNDER MANAGEMENT BY INVESTMENT CAPABILITIES INVESTMENT CAPABILITIES AUM ($BILLIONS) Investment Grade $80.2 Below Investment Grade $8.0 Mezzanine $2.3 Equity $0.8 Total AUM $91.3 Z7_G802HJS0M0M070QQKTGSR7GMO4 Web Content Viewer Component Action Menu ${title} ${loading} Actions EXAMPLE INVESTMENTS ACQUISITION OIL CORP ACQUISITION OIL CORP $10M Senior Secured Revolver $10M Subordinated Notes INTERFACE SECURITY SYSTEMS INTERFACE SECURITY SYSTEMS $100M Subordinated Notes $80M Preferred Equity CENTURY GAMING TECHNOLOGIES CENTURY GAMING TECHNOLOGIES $29M Senior Subordinated Debt $14.5M Junior Subordinated Debt LINK SNACKS LINK SNACKS $45M Senior Secured Notes Z7_G802HJS0M0B280QQVMVG6O1E51 Web Content Viewer Component Action Menu ${title} ${loading} Actions LEADERSHIP Allen Weaver Senior Managing Director Allen A. Weaver is the Senior Managing Director and Head of PGIM Private Capital, managing a portfolio of private placements and mezzanine investments through its Regional Office Network. READ FULL BIO CONTACTS Institutional Asset Management (IG, Below IG, Infrastructure, General Inquiries) Albert Trank Executive Managing Director & Portfolio Manager albert.trank@pgim.com Allison Lam Senior Associate Institutional Fundraising allison.lam@pgim.com Alternatives (Direct Lending, Corporate and Energy Mezzanine) Jeff Dickson Executive Managing Director jeffrey.dickson@pgim.com Matt Baker Managing Director PGIM Energy Partners matt.baker@pgim.com Matthew Harvey Managing Director Direct Lending matthew.harvey@pgim.com Debra Hemsey Managing Director PGIM Energy Partners...