Prudential Capital Group looking to place $10 billion in private capital for 2011

CHICAGO--([ BUSINESS WIRE ])--Prudential Capital Group, a source of private capital for public and private companies, announced today that it has $10 billion available in 2011 to help meet the financing needs of companies around the world. The company is an investment business of Prudential Financial Inc. (NYSE: PRU).

"Our regional, relationship-based approach and capability to provide private capital across the risk spectrum enables us to meet the needs and opportunities of companies during all economic cycles."

The 2011 appetite represents a slight increase over the $9.8 billion invested in middle market companies during 2010, which was one of the most productive years in the companya�s history. aAs the global economy emerged from an unprecedented financial crisis, companies turned to us for financial solutions to help move their business strategies forward,a said Allen Weaver, senior managing director and head of Prudential Capital Group. aAnd as we head into 2011, private debt will continue to play a key role in helping to strengthen local and regional economies around the world by providing a stable source of capital in constantly changing markets.a

Through its network of regional offices around the world, Prudential Capital Group provided financing to 175 companies worldwide in 2010, investing primarily in fixed- and floating-rate senior debt, mezzanine and equity. North American investments accounted for almost $7.6 billion, with another $2.3 billion invested outside of North America, primarily in the U.K. and Europe. The company expanded its portfolio by adding 78 new clients across a range of industries. (See chart detailing Prudential Capital Groupa�s portfolio as of December 31, 2011).

aFaced with uncertainty, we continue to see companies looking for a consistent relationship with a capital provider that understands their business, can support their growth aspirations, and help them face the challenges they incur along the way,a Weaver said. aOur regional, relationship-based approach and capability to provide private capital across the risk spectrum enables us to meet the needs and opportunities of companies during all economic cycles.a

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 nearly $53 billion as of December 31, 2010, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and commercial equipment and asset finance. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, 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 $784 billion of assets under management as of December 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudentiala�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, investment management, and real estate services. In the U.S., Prudentiala�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/ ].

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Prudential Capital Group looking to place $10 billion in private capital for 2011