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Stock Market & Financial Investment News

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December 13, 2012
10:03 EDTPRUPrudential Capital allocated $323M to invest in U.K. middle market companies
Prudential Capital Group announced that Her Majesty’s Treasury, the United Kingdom’s economics and finance ministry, allocated about $323M to the firm as part of a partnership to make more capital available to mid-sized U.K. businesses. Prudential Capital Group is an investment manager focused on providing capital for middle-market, public and private companies, and an investment business of Prudential Financial. The GBP200M was allocated to the Pricoa Sterling Fund, which, consistent with the objectives of the public/private partnership, will invest in debt securities of U.K. companies with less than GBP500M.
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