Prudential Private Capital

In November, members of the Prudential Private Capital New York Corporate Finance team spent the day volunteering with the American Red Cross. As part of the Red Cross's "Sound The Alarm – Save a Life" program, we installed free fire alarms for NYC residents, helping spread fire safety awareness. We are always excited to support a good cause! If you would like to get involved, please visit: https://on.pru/4fvw4Xh.

The US economy continues to expand at a robust pace. Real GDP could grow an average rate of 3% over the next four quarters, turbocharged by pro-growth fiscal policies. Corporate earnings remain in a strong uptrend, led by the technology sector. The election will have significant implications for the economy and financial markets over the next several years, including a faster rate of economic growth, much higher inflation, faster profit growth, and higher long-term interest rates. Learn more in the mid-quarter Economic Perspective: https://on.pru/3CDlP4l #EconomicPerspective

We are thrilled to announce that our very own Callie Hamilton, CFA, a Managing Director on our Prudential Private Capital Energy division, has been named one of Hart Energy's 2024 Forty Under 40 Award Winners. We are incredibly proud of her accomplishment and are excited to see her getting recognized as a thought leader in shaping the future of the energy industry. You can read Callie’s featured interview here: https://on.pru/3YvTMwc

It is widely understood that the current business cycle that began in 2020 is unlike any other that has preceded it. Although the unconventional nature of this cycle has been highlighted in the media, the specific aspects of this phenomenon have not been fully explained. As the economic expansion enters its fifth year, it is a useful exercise to study the unique drivers of this cycle relative to previous cycles. Learn more about the unusual nature of this cycle in this week’s Economic Perspective: https://on.pru/4e0N8CG  #EconomicPerspective

Principal Caity McLaughlin, CFA will be speaking on the panel “Capital Markets/Sales/Finance” on October 15th at 1:30 PM during National Federal Development Association’s 2024 National Conference, taking place at the National Press Club in Washington, DC. We hope to see you there! Learn more about the event and register here: https://on.pru/3Y9JSAk

The September FOMC meeting marked an important inflection point in the current economic cycle. The end result will be even faster growth in spending and an extended business expansion well into 2026. The global economy will remain on a sluggish growth path over the next year, but could strengthen later in the year, depending upon central bank policies, geopolitical developments, and private sector confidence. Learn more in this quarter's economic outlook: https://on.pru/4erRy6K  #EconomicPerspective

Executive Managing Director Brian Thomas will be speaking on the panel “Asset-backed Securitization: Showing flexibility and Promise” on October 3rd at 4:30 PM at Hart Energy Energy Capital Conference 2024, taking place at the Thompson Hotel in Dallas, Texas. Learn more about the event and register here: https://on.pru/3Zr3DEr

The performance of the US economy has distinguished itself in recent years in sharp contrast to the widespread weakness in the global economy. While the domestic economy appears to be entering a period of slower economic and employment growth, the expected slowdown is likely to be transitory and should be followed by resumed strength. Learn why in this issue of Economic Perspective: https://on.pru/4gjX6S2

Based in Long Beach, California, Traffic Management, Inc is a founder-owned leading provider of traffic control and related services specializing in short-duration flagger and lane-closure operations. Traffic Management primarily serves electric and natural gas utility customers. In August 2024, Prudential Private Capital provided a comprehensive financing solution to Traffic Management that consisted of a $20 million Revolving Credit Facility, an $83.5 million Senior Term Loan, and $45 million of Unsecured Subordinated Notes. The proceeds were used to fund a recapitalization of the Company that included a dividend to the founders and the refinancing of its senior debt. Learn more about this transaction: https://on.pru/3TthlTo

Caity McLaughlin and Greg Nail are co-hosting the roundtable "Financing Alternatives / Options in Volatile Markets" from 12:25-1:05pm EST at the 16th annual InterFace Net Lease conference, taking place at New York City Bar Association on Tuesday, September 17th. We look forward seeing you there! Learn more about the conference and who's attending here: https://on.pru/4dXvBfC