Welcome
We are excited to introduce ourselves to you and our unique way of working together. In order to provide you with the optimal experience, how would you describe yourself?
Select option
Click here to review our cookie settings.
Article

1H26 Mid-Year Review

In the first half of 2026, we provided nearly $5.8 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally.

Article

1H26 Mid-Year Review
In the first half of 2026, we provided nearly $5.8 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally.

Article

1H26 Mid-Year Review
In the first half of 2026, we provided nearly $5.8 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally.
Article
1H26 Mid-Year Review
In the first half of 2026, we provided nearly $5.8 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally.
Download the PDF

The midpoint of 2026 is shaped by a complex environment influenced by geopolitical uncertainty, inflationary pressures, and shifting market dynamics. Against this backdrop, PGIM remains committed to helping our partners navigate the shifting landscape, leveraging the breadth of our platform and diverse investment capabilities to provide tailored financing solutions across the globe.

1H26 At-A-Glance:

  • $5.8B invested
  • $3.7B investment grade
  • $1.9B below investment grade
  • $204M of mezzanine and private equity investments
  • Nearly $2.0B combined private credit and large cap private credit Direct Lending activity
  • $2.0B Real Assets

We are pleased to share some highlights from the first half of 2026:

  • Worked with over 100 partners totaling $5.8 billion invested worldwide.
  • 48 companies across a range of industries worked with us for the first time, and 53 existing partners returned for further funding, demonstrating our ability to provide follow on funding.
  • $3.7 billion investment grade investments.
  • $1.9 billion below investment grade investments. Notably, our Milan team closed a €65 million investment, alongside a $35 million PGIM Private Shelf facility, with Lario Reti Holding SpA, a municipality-owned operator of the Integrated Water Service for the entire Province of Lecco.
  • Nearly $2.0 billion invested across 27 combined private credit and large cap private credit  direct lending transactions. A key highlight includes closing our inaugural transaction with Spartan Aerospace, a vertically integrated aluminum component manufacturing.
  • Over $165 million of mezzanine investments, including our inaugural financing of AM Owner Group, the largest whale-watching and day cruise company in the state of Alaska.
  • $1.4 billion invested in energy and power transactions, including financing Invenergy Cannon Falls LLC, a transaction which represents our third direct investment within Invenergy’s operating thermal generation portfolio.
  • Over $403 million across infrastructure investments. Notably, our Real Assets and Madrid teams participated in a joint financing of Lyntia Networks SA, a leading wholesale fiber operator in the Spanish telecommunications market.

‍

Select Transactions:

No items found.

No items found.
August 20, 2026
< Back
Related Topics
No items found.
Related Articles
No items found.
Our Financing Options
Direct Lending >Private Placement >Mezzanine >Project financing >Debt Refinancing >Our Approach >
Overview
Our approach
Case studies
People
Careers
Offices
Regions
North America
Latin America
Europe & UK
Australia & 
New Zealand
PGIM
Private Credit - Investor
PGIM
Privacy CenterTerms & Conditions
Your Privacy Choices

For Borrowers or Prospective Borrowers Only.

The information presented herein, including any transaction information, is presented by PGIM and is intended solely for borrowers and prospective borrowers. This information is provided for educational purposes only to show the scope of PGIM’s investment capabilities. It should not be construed as investment advice, a recommendation or an offer or solicitation to buy or sell any security or financial instrument or to enter into or arrange any type of transaction as a consequence of any information contained herein. Any transaction information shown is based on information available at the time each transaction was initiated, which may no longer be applicable. Depicted transactions were selected based solely on PGIM’s receipt of a borrowers’ prior approval and are not representative of all investments made by PGIM. Future transactions and other existing transactions may differ materially from those presented herein.  

This information represents the views and opinions of the author(s) as of the date of issuance and may not necessarily represent the views of PGIM or its affiliates. It has been obtained from sources that PGIM believes to be reliable as of the date of issuance but is not guaranteed and is subject to change without notice. Any reproduction of these materials, in whole or in part, or the divulgence of any of the contents hereof, without PGIM’s prior written consent, is prohibited.  

PGIM is the trading name of PGIM, Inc. and its investment management affiliates worldwide. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission and an indirect wholly owned subsidiary of Prudential Financial, Inc. (“PFI”). 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.

© 2026 PFI and its related entities, registered in many jurisdictions worldwide. PFI, PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.