PGIM Private Capital invests $65.0M in ED&F Man Capital Markets US Holdings, Inc.

ED&F Man Capital Markets is a global financial brokerage and trading business and the financial services division of ED&F Man Group. As one of the world‘s leading brokers, with 230 years of heritage, a vastly experienced team of trading experts and market-leading brokerage technology solutions, we are ideally placed to service our clients’ needs, while maintaining a focus on our business values of integrity, client care, careful risk management and upholding the highest standards of regulatory compliance.

PGIM is the new renamed of Prudential Capital Group given to its global investment business as PGIM Private Capital. With over $86 billion in assets under management (as of March 31, 2019), the business is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Private Capital provided a $65.0M Senior Secured Credit Facility including of a $50.0M Senior Secured First Lien Term Loan and a $15.0M committed Delayed Draw Term Loan to ED&F Man Capital Markets US Holdings, Inc., a global financial brokerage business.

PGIM is pleased to announced it's offer to fund ED$F Man Capital Markets in providing strategic financing for the business as they pursue next phase of development. While Commenting on the topic, the Vice president of PGIM Private Capitals Directing Lending group, PJ LaFemina said:

“ their experience with similar financings in this sector introduced them to the opportunity to work with the Firm‘s management team, forming a strong, direct partnership. Also their relationship-oriented approach is reflected in the Firm’s mission centered on integrity, trust, client care and astute risk management,”.

Additional statements made by Matthew Harvey, Managing Director and Head of PGIM Private Capitals Direct Lending group, said:

“they look forward to supporting ED&F Man Capital Markets‘ strategic journey and working closely with their leadership team. Their Direct Lending strategy is based on close, long-term relationships with strong management teams, which was reflected through the Firm’s outstanding leadership. Their thorough understanding and experience with financing strategies and flexible structures enabled them to provide a valuable solution as ED&F Man Capital Markets further invests in their business.”

After exchanging word of pleasantries as a result of Their partnership, each described from their view what they believed has made their partnership great and beneficial, Given additional remark by the Global CEO of ED&F Man Capital Markets, Christopher J Smith said: “their partnership with PGIM Private Capitals Direct Lending group is built on a relationship whose foundations go back over many years. The provision of $65m of strategic financing will enable them to leverage the significant opportunities they observed as a leading provider in global capital markets operating at the heart of the financial services ecosystem. Their Firm has a resilient and proven track record, a highly executable strategy, and clear vision for the future This facility will enable us to develop and achieve our financial and strategic goals.”

All the two partnering companies had therefore accepted their terms and conditions and agreed on their business partnership and funding opportunities to help the speedy development of their company.