Wendy Carlson has joined Prudential Capital Group’s Energy Finance Group
as managing director of its Power unit, the company announced today. The
unit manages a $6.5 billion portfolio of investment grade, below
investment grade, mezzanine and private equity energy investments.
Prudential Capital Group is an investment business of Prudential
Financial Inc. (NYSE:PRU).
Carlson comes to Prudential Capital Group from a Chicago-based energy
investment bank. Her appointment is effective immediately and she will
report to Randall Kob, managing director and head of the Energy Finance
Group.
“Our Power and Oil & Gas units have originated more than $2 billion
annually in energy transactions across the private investment spectrum
over the last few years,” said Kob. “Specifically, the group has
invested more than $200 million per year in mezzanine and equity
securities over the last several years as our appetite has increased for
risk investing across the power, midstream and drilling and production
sectors.”
Kob continued, “We are thrilled to have Wendy join our group. We
continue to experience increased opportunity for complex and structured
financings in all segments of the energy value chain, particularly the
power industry. Managing Director Ric Abel and his colleagues in the
Power unit established our firm as a leading financier to the power
industry. Wendy’s impressive finance experience and expertise in the
power and utility sectors, and especially renewable energy, will add
significant value to our team as we continue to pursue innovative
financing structures.”
Carlson takes the day-to-day reins of the Power unit from energy veteran
Ric Abel as he moves into a new role focusing on increasing our risk
investments in the energy sector. Abel was instrumental in building the
Power unit over the last 15 years and will continue to contribute to the
growth of the group by turning his attention to higher risk financing.
“It’s an exciting time in the energy business, both in power and oil and
gas,” Abel commented. “I am very enthusiastic about the opportunity to
be able to focus on our risk originations efforts.”
Prudential Capital Group has been a leading provider of private debt,
mezzanine and equity securities to companies worldwide for more than 70
years. Managing a portfolio of $71.6 billion as of December 31, 2014,
Prudential Capital offers senior debt and mezzanine capital, leveraged
leases, and equipment finance to companies, worldwide. The global office
network has locations in Atlanta, Chicago, Dallas, Frankfurt, London,
Los Angeles, Milan, Minneapolis, Newark, N.J.; and New York, Paris and
San Francisco. For more information, please visit www.prudentialcapitalgroup.com.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of December 31,
2014, has operations in the United States, Asia, Europe, and Latin
America. Prudential’s diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit www.news.prudential.com.
Copyright Business Wire 2015