Investment Vice President, Power & Renewables (m|w|d) Newark

About Prudential Private Capital
With approximately $100 billion in AUM, Prudential Private Capital (PPC) is the asset manager of Prudential Financial, Inc. managing private debt and structured equity assets and one of eight investment units of PGIM.  Our expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers.  Our team is comprised of bright, focused professionals who collaborate at all levels to source and manage new investments and manage a private credit portfolio across investment grade, high yield and mezzanine investments.  We invest in the potential of our employees by offering them large-scope, small-teams with emphasis on collaboration and the ability to make a real impact on PPC’s growth and performance.  We challenge you as an individual so you can make real contributions while you grow your capabilities.

About PGIM – Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.2 trillion in assets under management as of 30th December,2022. With offices in 18 countries, 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 public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back almost 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com

Tasks

What you will do
Prudential Private Capital (PPC) is seeking an experienced Investment Professional to lead a team responsible for originating and managing senior debt and mezzanine investments in the Real Assets - Power and Renewables group. This group originates and manages private debt investments in renewable and gas Power Projects, Utilities and Cooperatives, with a focus on North America, UK/Europe, Australia and Latin America.  

The PPC Power and Renewables team manages an approximately $9 billion dollar portfolio of private investments in debt and structured equity in power generation and power infrastructure.  Candidates can expect to manage and originate investment transactions in power generation assets such as wind, solar, hydroelectric, natural gas-fired power plants, transmission assets, as well as investments in power project developers, utilities, and cooperatives. The group has a geographic focus on North America, Latin America, UK/Europe and Australia, providing candidates a global perspective on power investing.

This experienced Investment Professional will lead a team responsible for sourcing, underwriting and managing Power debt and mezzanine investments.  This position will report to the Managing Director of PPC’s Real Assets Power Group and will be based in Newark, NJ.

What you can expect

• Sourcing new private placement senior and mezzanine investments typically ranging in size from $25 to $250 million both on a direct basis and via intermediaries and advisors
• Supervising and developing junior investment professionals
• Generating new deal flow by developing and maintaining relationships with clients, sponsors, prospects, intermediaries and advisors within the targeted markets
• Managing a portfolio of existing Power investments, including projects, portfolios of projects, utilities and cooperatives
• Working with lawyers to successfully negotiate financing documents
• Working with the Managing Director to successfully accomplish the objectives of the Power Group and PPC overall

Profile / Your qualification / Your personality

What you will bring

• 8+ years of experience in the power project and utility finance industry, with a focus on project finance structuring and transaction documentation, including familiarity with tax equity structures
• Track record of closing transactions, including originating, structuring and negotiating deals and working with lawyers on financing documentation and carrying the process through closing of the transaction
• Ability to travel

What will set you apart

• An MBA and/or the CFA designation
• Strong analytic and investment skills and a proven track record in making and/or managing solid debt investments over time
• Critical reasoning, natural curiosity and good common sense
• Highly motivated and creative problem solver
• Excellent relationship skills and proven ability to develop business with new and existing clients
• Ability to distill, and then to clearly and concisely communicate, complex issues to a variety of decision makers and audiences
• Strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members
• Excellent presentation and communication skills; having an ability to communicate results and influence decisions and direction at the senior management level
• Ability to operate with a sense of urgency and to work productively with internal investment teams and support functions, as well as clients and external advisors
• Ability to thrive in a fast-paced, results oriented environment

That awaits you

At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.

• Medical, dental, vision, life insurance and PTO (Paid Time Off)
• Retirement plans:
• 401(k) plan with generous company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.
• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
• To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers

Salary Range Disclosure
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $160,000 to $225,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!  
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

Application

We look forward to receiving your application.

Our Commitment to Diversity, Equity, and Inclusion:
Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We do not just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

Share this offer on LinkedIn →

Location

655 Broad Street, NJ-07102 Newark