Non-USD Investments

Prudential Capital Group’s investment arm outside the U.S. is Pricoa Capital Group, with offices in London, Frankfurt, Milan, Paris and Sydney*.  Pricoa Capital Group follows the same strategy used in the U.S., with a regional office network focused on building relationships with middle market companies seeking long-term, fixed-rate debt.

 

Pricoa Sterling Corporate Bond Fund

  • 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 Pricoa Capital Group 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

Pricoa Euro Corporate Bond Fund

  • The Pricoa Euro Corporate Bond Fund is a Qualified Investor Fund that is still being actively marketed and will be listed on the Irish Stock Exchange
  • The Euro Fund will invest in private placement investments originated by Pricoa Capital Group and denominated in euros
  • The Fund is only available to qualified institutional investors located outside of the U.S.  

Single Investor Accounts

Strategy

  • Investments available via a co-investment program with Prudential’s General Account
  • Focus on traditional private placements to middle-market issuers in Western Europe
  • Industrial concentration with low finance exposure
  • Highly focused credit culture

 

Terms

  • Customizable accounts subject to the client’s objectives, which could include various investment guidelines or restrictions, including quality, currency, sector, term
  • Investor holds the securities in its own name and all cash flows directly between the investor and the issuers
  • Prudential Capital Group performs regular reporting services
  • Prudential Capital Group manages the assets on behalf of the investor
  • Eligible institutions are those with the ability to invest in private placement assets

 

 Options are available in a variety of currencies.

*Operates through PGIM (Australia) Pty Ltd.