Prudential Capital Energy Partners, Prudential Capital Group‘s middle-market energy mezzanine fund business, has named Debra Hemsey as managing director. Her appointment is effective immediately. Previously, Hemsey was managing director at GE Energy Financial Services – Power & Renewables Group.
DALLAS–(BUSINESS WIRE)–Prudential Capital Group has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners (PCEP), the middle-market energy mezzanine fund business sponsored by Prudential Capital Group. The appointment comes on the heels of the recently announced closing of Prudential Capital Energy Partners I, L.P., a $343 million energy mezzanine fund. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
“The Power sector is an important vertical within our alternatives business. Deb’s experience and skills match well with the increase in investor demand for renewables and other project-related power investments.”
As managing director, Hemsey will participate in the fund’s investment origination efforts in the electric power industry, targeting new investments ranging from $10 to $50 million of primarily mezzanine debt and equity investments in the North America power industry as well as management of portfolio holdings. Her appointment is effective immediately, and she will report to Randall Kob, managing principal of PCEP.
PCEP seeks to make investments in the conventional and renewable power sectors with an emphasis on providing capital to project development platforms, individual power projects, and asset portfolios.
Hemsey previously served as managing director at GE Energy Financial Services – Power & Renewables Group where she originated principal equity and mezzanine investments in the power, utilities, renewables, and infrastructure sectors. Prior to GE, Hemsey worked at Credit Suisse in the Investment Banking Division – Global Energy Group. She brings 30 years of experience to her new role at PCEP.
“Deb’s impressive investment experience and expertise in the power sector will add significant value to our team as we continue to provide innovative financing solutions to the middle market,” said Kob.
Jeffery Dickson, managing director and head of Alternatives for Prudential Capital Group, said, “The Power sector is an important vertical within our alternatives business. Deb’s experience and skills match well with the increase in investor demand for renewables and other project-related power investments.”
About Prudential Capital Group
Prudential Capital Group has been a leading provider of private placements, mezzanine debt and equity to companies for more than 75 years. Managing a portfolio of more than $83 billion as of December 31, 2018, Prudential Capital offers senior debt, mezzanine financing, leveraged leases, project financing, credit tenant leases as well as asset financing to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Mexico City,1 Milan, Minneapolis, Newark, New York, Paris, San Francisco and Sydney.2 For more information, please visit prudentialcapitalgroup.com.
1 Operates through PGIM Real Estate Mexico S.C.
2 Operates through PGIM (Australia) Pty Ltd.
About PGIM and Prudential Financial, Inc.
With 16 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with more than $1 trillion in assets under management as of Dec. 31, 2018. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across four continents. For more information about PGIM, visit pgim.com.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.
*Pensions & Investments’ Top Money Managers list, May 28, 2018; based on Prudential Financial total worldwide institutional assets under management as of Dec. 31, 2017. Assets under management (AUM) are based on company estimates and are subject to change.