PGIM’s Pricoa private placement arm adds investment team in Australia

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – Pricoa Capital Group added a local investment team in Sydney, Australia, to further its building relationships with and provide long-term capital to strong middle market companies in Australia and New Zealand, according to a press release.

Pricoa Capital is the international private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc., which is based in the United States.

Pricoa Capital has invested in Australia for more than 20 years, with an increased focus in the past five years, according to the release, which says its Australia/New Zealand portfolio has grown to nearly $3 billion, 12% of its total portfolio of $23 billion. Its portfolio also includes investments in the United Kingdom, Europe, and Latin America.

“Australia is one of the most dynamic and exciting markets within our global reach and thus it makes sense for us to have people on the ground to expand our business,” said Marie Fioramonti, managing director and head of Pricoa Capital, said in the release.

Pricoa Capital in Sydney is the private placement division of PGIM Australia Pty Ltd., which also operates PGIM Real Estate Group, a real estate investment management business.

Pricoa Capital is part of global asset manager, Prudential Capital Group, a global provider of private debt, mezzanine and equity securities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.