2016 Year in Review

24.03.17

Driven by the ability to offer innovative financial solutions that meet the needs of middle-market borrowers worldwide, Pricoa Capital Group enjoyed another outstanding year in 2016. 

 

Pricoa Capital provided US$12.6 billion dollars to companies and projects in 20 countries, the largest volume of financing in Pricoa Capital’s 75-year history. We increased our total assets under management to nearly US$77 billion, and by year-end, we delivered funding to more than 190 companies, including more than 90 who began working with us for the first time. Ultimately, nearly 1,000 companies around the globe rely on us, not only for our capital, but also for our relationship-oriented approach and industry expertise.

2016 Highlights:
  • In response to increased demand, we added an investment team on the ground in Sydney, Australia
  • Prudential Capital Partners, our middle-market mezzanine fund business, closed its fifth mezzanine fund. The Fund hit its hard cap of US$1.825 billion with investors from the U.S., Europe and Asia.
  • Senior and junior capital originations of US$12.6 billion, a 20% year-over-year increase
  • US$10.7 billion of investment grade, US$1.5 billion of below investment grade and US$474 million of junior capital originations
  • US$7.3 billion in direct originations
  • US$4.7 billion in North American investments
  • US$925 million in Latin American-based investments
  • US$3.6 billion invested primarily in the U.K., Europe, Australia and Latin America, a year-over-year increase of 39%
  • US$2.7 billion in energy sector investments, including power and oil and gas
  • US$1.6 billion in other key sectors such as global infrastructure and specialty financing


As we transition into 2017, we are excited about the opportunities on the horizon for us and for our clients. We continue to grow our financial platform with our international, infrastructure and energy finance businesses, and expand our sources of capital by raising money from other institutional investors, keen to invest alongside us. This year we have more than $12 billion available for new investments in an array of private capital products. Our momentum is strong and we look forward to upholding our tradition of providing creative financial solutions to our clients.