Latest news with #PGIMPrivateCapital
Associated Press
15-05-2025
- Business
- Associated Press
PGIM Private Capital Backs Solar Landscape with $175 Million Private Placement to Fund Distributed Rooftop Solar Projects
ASBURY PARK, N.J.--(BUSINESS WIRE)--May 15, 2025-- Solar Landscape, the nation's leading commercial rooftop solar developer, has announced a landmark $175 million long-term partnership with PGIM Private Capital, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois. This press release features multimedia. View the full release here: PGIM Private Capital is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). The partnership – in the form of an institutional shelf debt facility – will finance the construction and operations of 74 Solar Landscape projects in Maryland and Illinois on 3 million square feet of commercial rooftops, creating nearly 43 megawatts (DC) of solar capacity for the surrounding communities. 'Commercial rooftop solar is America's most shovel-ready energy source and this financing enables us to build more and build it faster,' said Solar Landscape Chief Financial Officer Clayton Avent. 'This debt investment is another example of PGIM Private Capital's long track record of strong investment into the energy sector. The first wave of these projects is already generating electricity to meet the country's growing demand.' The transaction marks an important step in Solar Landscape's capital markets evolution and will enable dynamic and efficient deployment of debt capital into the company's best-in-class rooftop community solar projects. The flexibility of the private shelf facility enables Solar Landscape to further expedite development and deployment cycles, generating energy into the distribution-level grid quickly and efficiently. The shelf financing from PGIM Private Capital complements Walmart's tax equity investment in the portfolio, which Walmart and Solar Landscape announced in October 2024. Subsequent shelf deployments across addressable markets are expected to follow in 2025 and beyond, further entrenching Solar Landscape's status as the nation's preeminent fully-integrated independent power producer focused on deploying solar and energy storage on commercial rooftops. For PGIM Private Capital, the investment is part of its long-term approach to investment in clean energy. 'By building solar projects on existing commercial buildings, Solar Landscape is deploying energy quickly, efficiently and close to where it will be used, making it a sound investment in our energy future,' said Ingrida Soldatova, Senior Principal, Real Assets—Power at PGIM Private Capital. 'We are always happy to continue adding to our portfolio of investments in the community solar space.' More than a dozen of the projects in the initial investment portfolio were energized recently in Maryland and the balance of the portfolio is expected to come into service in 2025. About Solar Landscape Solar Landscape is the premier commercial rooftop solar developer in the United States, partnering with the world's largest real estate owners to develop, install, and operate solar projects. Recognized as the #1 Distributed Generation Developer of 2023 by New Project Media and awarded the U.S. Department of Energy's Community Solar Grand Prize, Solar Landscape is shaping the future of clean energy. Headquartered in Asbury Park, NJ, the company also has offices in New York City, Chicago, Boston, and Baltimore. Visit for more information. About PGIM Private Capital For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners' long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24). View source version on Brendon Shank, Solar Landscape, [email protected] KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS MARYLAND NEW JERSEY INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE OTHER ENERGY UTILITIES BANKING PROFESSIONAL SERVICES ALTERNATIVE ENERGY ENERGY SOURCE: Solar Landscape Copyright Business Wire 2025. PUB: 05/15/2025 12:01 PM/DISC: 05/15/2025 12:01 PM
Yahoo
15-05-2025
- Business
- Yahoo
PGIM Private Capital Backs Solar Landscape with $175 Million Private Placement to Fund Distributed Rooftop Solar Projects
Inaugural Shelf Notes Fund Commercial Rooftop Solar Portfolio in Maryland and Illinois ASBURY PARK, N.J., May 15, 2025--(BUSINESS WIRE)--Solar Landscape, the nation's leading commercial rooftop solar developer, has announced a landmark $175 million long-term partnership with PGIM Private Capital, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois. PGIM Private Capital is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). The partnership – in the form of an institutional shelf debt facility – will finance the construction and operations of 74 Solar Landscape projects in Maryland and Illinois on 3 million square feet of commercial rooftops, creating nearly 43 megawatts (DC) of solar capacity for the surrounding communities. "Commercial rooftop solar is America's most shovel-ready energy source and this financing enables us to build more and build it faster," said Solar Landscape Chief Financial Officer Clayton Avent. "This debt investment is another example of PGIM Private Capital's long track record of strong investment into the energy sector. The first wave of these projects is already generating electricity to meet the country's growing demand." The transaction marks an important step in Solar Landscape's capital markets evolution and will enable dynamic and efficient deployment of debt capital into the company's best-in-class rooftop community solar projects. The flexibility of the private shelf facility enables Solar Landscape to further expedite development and deployment cycles, generating energy into the distribution-level grid quickly and efficiently. The shelf financing from PGIM Private Capital complements Walmart's tax equity investment in the portfolio, which Walmart and Solar Landscape announced in October 2024. Subsequent shelf deployments across addressable markets are expected to follow in 2025 and beyond, further entrenching Solar Landscape's status as the nation's preeminent fully-integrated independent power producer focused on deploying solar and energy storage on commercial rooftops. For PGIM Private Capital, the investment is part of its long-term approach to investment in clean energy. "By building solar projects on existing commercial buildings, Solar Landscape is deploying energy quickly, efficiently and close to where it will be used, making it a sound investment in our energy future," said Ingrida Soldatova, Senior Principal, Real Assets—Power at PGIM Private Capital. "We are always happy to continue adding to our portfolio of investments in the community solar space." More than a dozen of the projects in the initial investment portfolio were energized recently in Maryland and the balance of the portfolio is expected to come into service in 2025. About Solar Landscape Solar Landscape is the premier commercial rooftop solar developer in the United States, partnering with the world's largest real estate owners to develop, install, and operate solar projects. Recognized as the #1 Distributed Generation Developer of 2023 by New Project Media and awarded the U.S. Department of Energy's Community Solar Grand Prize, Solar Landscape is shaping the future of clean energy. Headquartered in Asbury Park, NJ, the company also has offices in New York City, Chicago, Boston, and Baltimore. Visit for more information. About PGIM Private Capital For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners' long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24). View source version on Contacts Brendon Shank, Solar Landscape, 202-256-2083 brendon@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
PGIM Private Capital Backs Solar Landscape with $175 Million Private Placement to Fund Distributed Rooftop Solar Projects
BUSINESS WIRE)--Solar Landscape, the nation's leading commercial rooftop solar developer, has announced a landmark $175 million long-term partnership with PGIM Private Capital, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois. 'Commercial rooftop solar is America's most shovel-ready energy source and this financing enables us to build more and build it faster." PGIM Private Capital is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). The partnership – in the form of an institutional shelf debt facility – will finance the construction and operations of 74 Solar Landscape projects in Maryland and Illinois on 3 million square feet of commercial rooftops, creating nearly 43 megawatts (DC) of solar capacity for the surrounding communities. 'Commercial rooftop solar is America's most shovel-ready energy source and this financing enables us to build more and build it faster,' said Solar Landscape Chief Financial Officer Clayton Avent. 'This debt investment is another example of PGIM Private Capital's long track record of strong investment into the energy sector. The first wave of these projects is already generating electricity to meet the country's growing demand.' The transaction marks an important step in Solar Landscape's capital markets evolution and will enable dynamic and efficient deployment of debt capital into the company's best-in-class rooftop community solar projects. The flexibility of the private shelf facility enables Solar Landscape to further expedite development and deployment cycles, generating energy into the distribution-level grid quickly and efficiently. The shelf financing from PGIM Private Capital complements Walmart's tax equity investment in the portfolio, which Walmart and Solar Landscape announced in October 2024. Subsequent shelf deployments across addressable markets are expected to follow in 2025 and beyond, further entrenching Solar Landscape's status as the nation's preeminent fully-integrated independent power producer focused on deploying solar and energy storage on commercial rooftops. For PGIM Private Capital, the investment is part of its long-term approach to investment in clean energy. 'By building solar projects on existing commercial buildings, Solar Landscape is deploying energy quickly, efficiently and close to where it will be used, making it a sound investment in our energy future,' said Ingrida Soldatova, Senior Principal, Real Assets—Power at PGIM Private Capital. 'We are always happy to continue adding to our portfolio of investments in the community solar space.' More than a dozen of the projects in the initial investment portfolio were energized recently in Maryland and the balance of the portfolio is expected to come into service in 2025. About Solar Landscape Solar Landscape is the premier commercial rooftop solar developer in the United States, partnering with the world's largest real estate owners to develop, install, and operate solar projects. Recognized as the #1 Distributed Generation Developer of 2023 by New Project Media and awarded the U.S. Department of Energy's Community Solar Grand Prize, Solar Landscape is shaping the future of clean energy. Headquartered in Asbury Park, NJ, the company also has offices in New York City, Chicago, Boston, and Baltimore. Visit for more information. About PGIM Private Capital For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners' long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24).
Business Upturn
28-04-2025
- Business
- Business Upturn
Nexamp Closes $340 Million of Institutional Debt Facilities with PGIM Private Capital
Boston, April 28, 2025 (GLOBE NEWSWIRE) — Nexamp, a leading national developer and operator of distributed solar and energy storage systems, has successfully closed a $340 million private placement debt refinancing with PGIM Private Capital (PPC), the private credit business of global asset manager PGIM. This transaction further solidifies Nexamp's position as an innovator in the renewable energy sector and enhances its financial position while providing flexibility for continued growth. In total, this refinancing covers a portfolio of 39 solar farms in seven states, representing 150 megawatts of solar generation and 37 megawatt-hours of storage. The deal also extends Nexamp's status as a leading force in the distributed solar market, where it owns and operates more than 1 gigawatt of solar power capacity across the United States, with several more gigawatts currently in construction or under development. 'We are pleased to partner with PPC on this important financing deal,' said Zaid Ashai, CEO of Nexamp. 'The transaction strengthens Nexamp's financial position and supports our ongoing expansion across the U.S. With more than 150 megawatts of generation and critical energy storage capabilities in this portfolio alone, we are well positioned to meet the growing demand for domestic energy. This financing provides long-term stability and ensures we remain focused on advancing the energy transition with sustainable, reliable, and cost-effective solutions.' The deal provides several long-term benefits to Nexamp, including confirmation of institutional investor interest in both Nexamp and its growing community solar pipeline. The refinancing also allows Nexamp to streamline its reporting by consolidating its financial structure in a way that supports more efficient management of its growing portfolio of assets. As part of Nexamp's commitment to advancing energy independence across the U.S., the $107 million PPC Shelf Facility included in the deal gives Nexamp the flexibility to tap additional capital for future solar projects. Over the next three years, these funds will be used to support solar and storage projects across multiple states, further bolstering the company's efforts to bring new energy sources and job opportunities to communities nationwide. 'We are proud to support Nexamp as they continue expanding access to solar energy across the United States,' said Steven Hendricks, Principal at PGIM Private Capital. 'This transaction reflects our commitment to financing sustainable partners driving the energy transition. We look forward to working alongside the Nexamp team as they continue to execute on their growth strategy.' Nexamp continues to lead the charge in quickly and efficiently adding new energy resources, with a diversified portfolio of solar and storage assets designed to meet the evolving energy needs of communities across the country. The company's focus on distributed energy solutions provides customers with reliable and cost-effective energy, while also helping to reduce the risks of price volatility associated with fossil fuels. The successful closing of this refinancing deal highlights Nexamp's strong financial position and its ability to attract strategic partnerships with leading financial institutions. As Nexamp continues to expand its solar and storage portfolio, the company is poised to play a critical role in driving the U.S. toward a more affordable and resilient energy future. About Nexamp Nexamp is transforming the new energy economy with proven solar and storage solutions, and inviting individuals, communities, and businesses to take part in the benefits. Our end-to-end capabilities—including project development and acquisition, design, construction, and operations—position Nexamp as a just and equitable market leader. By building integrated clean energy products, we ensure that both savings and job opportunities reach everyday Americans. With more than 1 GW of renewable energy-generating assets currently in operation or under construction, we're building a cleaner and more resilient future. Visit us at About PGIM Private Capital For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners' long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24). Attachments Solar + Storage in Massachusetts Solar on Landfill in Illinois Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
03-03-2025
- Business
- Yahoo
PGIM Private Capital Provides $14.9B of Senior Debt and Junior Capital Globally in 2024
CHICAGO, March 03, 2025--(BUSINESS WIRE)--PGIM Private Capital provided $14.9 billion of senior debt and junior capital to more than 238 middle-market companies and projects globally in 2024. PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.38 trillion global management business of Prudential Financial, Inc. (NYSE: PRU). Matt Douglass, senior managing director and head of PGIM Private Capital, commented: "The pace of originations was strong throughout 2024, surpassing the previous year, and represents the continued demand from a wide range of middle-market companies and projects for private credit solutions. "We expect 2025 to be another busy year for originations with borrowers continuing to value our collaborative approach as we strive for certainty of execution against an ambiguous economic and uncertain geopolitical backdrop." Highlights: $10.5 billion of investment-grade investments, $3.9 billion of below-investment-grade investments, and $574 million of mezzanine and private equity investments. 116 new issuers across a range of industries added to the portfolio, and 122 existing borrower companies returned for further funding. $10.1 billion in Corporate investments across North America, the U.K., Europe, Latin America, and Australia. $4.7 billion in real assets sectors, including energy, power, infrastructure, and credit tenant lease financing. Over $2.5 billion in direct lending transactions, across 60 transactions. PGIM Private Capital's Direct Lending platform continues to expand, maintaining strong origination activity globally. With a presence across the U.S., Europe, and Australia, the platform has reliably deployed capital, cultivating a variety of sponsored and non-sponsored relationships. Additionally, in 2024, the Real Assets platform originated $3.1 billion in energy and power transactions, $1.2 billion in infrastructure investments, and $381 million in credit tenant lease transactions. Key Transactions: The financing of Hudson Valley Parking Trust's acquisition of ICON Parking, the largest parking operator in New York City. The first U.S. Private Placement transaction with Rubis Energie, a global leader in energy and bitumen distribution operating across 40 countries in Europe, Africa, and the Caribbean. PGIM Private Capital is one of the largest global private capital providers, investing in private debt and equity for 100 years. Through a patient relationship-based approach and cross-border financing experience with local market knowledge, the global team has committed capital through market cycles to help investors improve portfolio outcomes. ABOUT PGIM PRIVATE CAPITAL PGIM Private Capital manages a $106.6 billion portfolio of private placements, mezzanine, and direct lending investments through its regional office network (Atlanta; Chicago; Dallas; Frankfurt, Germany; London; Los Angeles; Madrid; Mexico City1; Milan; Minneapolis; Newark, New Jersey; New York; Paris; San Francisco; and Sydney2) and purchases up to $16 billion annually in predominantly senior debt and junior capital. PGIM Private Capital manages more than $20 billion in outside non-affiliated assets through its Institutional Asset Management unit and Alternative Investments unit, comprising Direct Lending, PGIM Capital Partners, and PGIM Energy Partners mezzanine funds. All data as of Dec. 31, 2024. For more information please visit ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager, with $1.38 trillion in assets under management,3 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized knowledge across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit Visit Follow on LinkedIn 1 The Mexico City office operates through PGIM Real Estate Mexico S.C.2 The Sydney office operates through PGIM (Australia) Pty Ltd.3 As of Dec. 31, 2024. View source version on Contacts Guy Nicholls +1 973 204
