07 February 2012

Prudential Mortgage Capital Company posts strong originations in 2011

NEWARK, N.J., February 07, 2012 - Prudential Mortgage Capital Company originated nearly $9.7 billion in commercial mortgages for 2011, surpassing its 2010 level of $9.1 billion, making it the company’s third largest production year ever. Prudential Mortgage Capital, which is the commercial mortgage lending business of Prudential Financial Inc. (NYSE: PRU), also said it is looking to provide up to $11.6 billion in financing for 2012. (more)
02 February 2012

Prudential Fixed Income closes new $304.8 million CLO

NEWARK, N.J., February 02, 2012 - Prudential Fixed Income has closed Dryden XXII, its most recent collateralized loan obligation at $304.8 million, the company said today. Most of Dryden XXII will be owned by third-party investors, unlike many of the transactions the market has seen since the financial crisis in which the manager retains significant portions of equity or debt. (more)
31 January 2012

Prudential Capital Group reaches $10 billion in annual originations

CHICAGO, January 31, 2012 - Prudential Capital Group, a source of private capital for middle-market, public and private companies, expects to have more than $10 billion to invest in 2012, after reaching that amount in 2011, the company announced today. The company also announced that it will be opening a new office in Minneapolis, along with a series of executive changes that position its U.S. regional corporate finance platform for expansion. (more)
25 January 2012

PREI announces leadership changes

PARSIPPANY, N.J., January 25, 2012 - Prudential Real Estate Investors today announced several changes to its senior leadership team, including establishing a succession plan for its global chief operating officer, naming a leader for the newly formed global client services team and announcing a new head of its U.S. business. (more)
17 January 2012

Stuart Parker named president of Prudential Investments

NEWARK, N.J., January 17, 2012 - Stuart Parker has been named president of Prudential Investments. Parker succeeds Judy Rice, who has assumed the role of chairman of Prudential Investments until her retirement at the end of 2012. Prudential Investments is the mutual fund and wealth management business of Prudential Financial, Inc. (NYSE: PRU). (more)