Pricoa Capital adds local team in Australia

Pricoa Capital Group, the private capital arm of Prudential Financial’s asset management business PGIM has added a local investment team in Sydney, Australia in a bid to continue its expansion into strong middle market companies in Australia and New Zealand.

“Australia is one of the most dynamic and exciting markets within our global reach and thus it makes sense for us to have people on the ground to expand our business,” said Marie Fioramonti, managing director and head of Pricoa Capital Group in a statement issued on Wednesday.

Pricoa, which also invests in the UK, Europe, and Latin America, has invested in Australia for more than two decades, with an increased focus over the past five years. Its current Australia/New Zealand portfolio has grown to nearly $3 billion about 12 per cent of Pricoa’s overall cross border portfolio of $23 billion.

In Sydney, it is the private placement division of PGIM Australia Pty Ltd, which also operates PGIM Real Estate Group, a real estate investment management business. PGIM is the $1 trillion global investment management business of Prudential Financial Inc, headquartered in the US.

Josh Shipley, Senior Vice President, who has covered the territory for the last decade said, “staffing a local office enables us to serve clients in a more efficient and accessible way, while providing the team with greater opportunities to build relationships with prospective clients.”

Pricoa manages a total portfolio of more than $23 billion as of December 2016. It helps clients diversify capital sources. In some cases, they even are client’s primary source of funding, providing capital for debt refinancing, growth, acquisition financing, stock repurchases, recapitalization and buyouts.

Also Read:

Australia’s Seek in talks to buy out Chinese jobs site

Alibaba Group expands presence in Australia, New Zealand

PAG Capital acquires Australian cake maker for $76m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.