# PGIM Private Capital

PGIM Private Capital is a Private Equity based in Newark, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Newark, United States
- **Region:** Europe
- **Address:** Co Donegal, Ireland
- **Founded:** 1925
- **Assets under management:** $110B+ (as of Mar 31 2026)
- **Website:** pgim.com

## Regulatory record

- **CRD number:** 305536
- **SEC file number:** 802-117583
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-04-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305536

## About

PGIM Private Capital is the dedicated private credit arm of PGIM, the global asset management business of Prudential Financial, Inc. Established in 1925, it provides customized senior debt, junior capital, mezzanine, direct lending, and private equity solutions to middle-market companies and projects worldwide, with a relationship-driven, long-term buy-and-hold approach spanning over 75 years of private markets investing (per official website and ESG report). The firm originates investments through a network of 15 offices across North America, Europe, Latin America, and Australia/New Zealand, supporting public and private issuers across corporate finance, real assets (including energy, power, infrastructure, and credit tenant leases), and alternatives. As of March 31, 2025, it managed a $109.7 billion portfolio of private placements, mezzanine, and direct lending investments, purchasing up to $16 billion annually, with more than $20 billion in third-party assets via Institutional Asset Management and Alternative Investments units including Direct Lending, PGIM Capital Partners, and PGIM Energy Partners (per July 2025 press release). More recent figures indicate a $110+ billion portfolio as of March 31, 2026, with $14.5 billion of new capital invested in over 200 companies in 2025 (per official website). Leadership includes Matt Douglass as Head of Private Credit. The platform emphasizes disciplined credit analysis, ESG integration, and multi-decade borrower relationships, serving institutional investors seeking private credit exposure while financing growth for portfolio companies globally.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Energy Transition & Renewables

## People

- Matt Douglass — Head of Private Credit / Head of PGIM Private Capital
- Jeffrey Dickson — Managing Director and Head of Alternatives
- Matthew Harvey — Managing Director and Head of Direct Lending
- Brian Thomas — Managing Director and Head of Real Assets
- Engin Okaya — Managing Director, Corporate Finance (Atlanta, Chicago, Minneapolis & New York)
- Joshua Shipley — Managing Director, Corporate Finance (Frankfurt, London, Madrid, Milan & Paris)

## Questions

### What is PGIM Private Capital's primary investment focus?

PGIM Private Capital specializes in private credit, providing senior debt, junior capital, mezzanine financing, direct lending, and related private equity solutions primarily to middle-market companies and real assets projects globally, emphasizing customized, relationship-based capital.

### What is the most recent AUM figure for PGIM Private Capital?

The firm manages a $110+ billion portfolio of private placements, mezzanine, and direct lending investments as of March 31, 2026 (per official website), up from $109.7 billion as of March 31, 2025 (per July 2025 press release).

### When was PGIM Private Capital established?

PGIM Private Capital was established in 1925 and has over 75–100 years of experience in private debt and equity investing as part of the broader PGIM and Prudential platform.

### Where does PGIM Private Capital operate?

It maintains a global network of 15 offices in cities including Newark, Chicago, Dallas, New York, London, Frankfurt, Paris, Milan, Madrid, Mexico City, Sydney, and others across North America, Europe, Latin America, and Australia/New Zealand, with a European AIFM entity in Letterkenny, Ireland.

### Who leads PGIM Private Capital?

Matt Douglass serves as Head of Private Credit (and Head of PGIM Private Capital), overseeing the platform; other senior leaders include heads of Alternatives (Jeffrey Dickson), Direct Lending (Matthew Harvey), and Real Assets (Brian Thomas).

## Related profiles

- [PGIA](https://altss.com/profile/pgia)
- [PGI Wealth Management](https://altss.com/profile/pgi-wealth-management)

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Last updated: 2026-07-17T21:39:20.000Z

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