A few months after closing Prudential Capital Energy Partners I, a $343 million energy mezzanine fund, Prudential Capital has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners (PCEP).
As managing director, Hemsey will participate in the fund’s investment origination efforts in the electric power industry, targeting new investments ranging from $10 million to $50 million of primarily mezzanine debt and equity investments in the North America power industry as well as management of portfolio holdings. She will report to Randall Kob, managing principal of PCEP.
Hemsey brings 30 years of experience to her new role at PCEP. She previously served as managing director at GE Energy Financial Services – Power & Renewables Group where she originated principal equity and mezzanine investments in the power, utilities, renewables, and infrastructure sectors. Prior to GE, Hemsey worked at Credit Suisse in the Investment Banking Division – Global Energy Group.
“Deb’s impressive investment experience and expertise in the power sector will add significant value to our team as we continue to provide innovative financing solutions to the middle market,” said Kob.
Jeffery Dickson, managing director and head of Alternatives for Prudential Capital Group, said, “The power sector is an important vertical within our alternatives business. Deb’s experience and skills match well with the increase in investor demand for renewables and other project-related power investments.”
Prudential Capital Group is a source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial.
PCEP seeks to make investments in the conventional and renewable power sectors with an emphasis on providing capital to project development platforms, individual power projects, and asset portfolios.
