Chicago-based Prudential Capital Group has appointed Bill Engelking to lead its Chicago office. Prudential Capital makes middle-market private equity investments. Engelking joined Prudential in 1997. His promotion comes as part of the company’s strategy to position its U.S. regional corporate finance platform for expansion, first announced on Jan. 31, 2012.
Prudential Capital Group appointed Bill Engelking to head its Chicago office, the company announced. Prudential Capital Group, a source of private capital for middle-market, public and private companies, is an investment business of Prudential Financial, Inc. (NYSE:PRU).
As managing director, Engelking, who joined Prudential in 1997, leads an office responsible for originating, marketing and managing private placement and mezzanine investments in the company’s U.S. Midwest territory. He also manages an existing $5.4 billion portfolio of senior debt, mezzanine debt and private equity investments.
He previously served as senior vice president responsible for the Chicago-based territories of Iowa and Wisconsin. Engelking, who earned a bachelor’s degree and an MBA from the University of Wisconsin, will report directly to Scott von Fischer, a managing director and newly-appointed co-head of U.S. corporate finance.
“Bill’s extensive experience is a valuable asset in overseeing the Midwest territory. His knowledge of the business and the region ideally suits him to lead this office. We are pleased to have him,” von Fischer said.
His promotion comes as part of the company’s strategy to position its U.S. regional corporate finance platform for expansion, first announced on Jan. 31, 2012.
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 $59.1 billion as of December 31, 2011, Prudential Capital offers senior debt and mezzanine capital, leverage leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and San Francisco. For more information, please visit www.prudentialcapitalgroup.com.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $901 billion of assets under management as of December 31, 2011, 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.http://www.news.prudential.com/