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2023 UK & Ireland Year in Review

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In 2023 Pricoa Private Capital continued to be a consistent capital provider to UK and Irish borrowers. We remained focussed on developing long-term funding relationships with companies, consistent with our philosophy of being a funding partner through the cycle.

We are pleased ​to share some 2023 highlights:

  • 36 transactions across the credit spectrum, totalling £1.6Bn invested. Borrowers raised capital for a wide range of purposes, including investment, refinancing, and interest rate management. 
  • 25 Investment Grade transactions totalling £1.1Bn, providing long-term fixed rate capital with a high proportion of bilateral activity seen during the year (79% bilateral excluding infrastructure). 
  • 5 Below Investment Grade transactions totalling £254mm, providing long-term fixed rate capital across a range of sectors.
  • 6 Direct Lending transactions totalling £235mm, providing floating rate stretch-Senior financing. 4 of the 6 were with non-sponsor owned businesses.
  • £1.2Bn of Shelf capacity added, resulting in our partner companies maintaining over £2Bn of undrawn capacity on Pricoa Shelves.
  • Continued support for Mezzanine investments, where Pricoa holds patient and flexible Subordinated Debt and Minority Equity.

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*Sources of data: Pricoa Private Capital as of 31/12/2023

February 27, 2024

For more information, please contact,

Ed Jolly headshot
Ed Jolly
Managing Director
Tolgar Sirvanci​ headshot
Tolgar Sirvanci​
Managing Director
Ed Barker headshot
Ed Barker
Senior Vice President
Michael Marsh headshot
Michael Marsh
Vice President
Rhiannon Ledger headshot
Rhiannon Ledger
Vice President​
Adam Shield headshot
Adam Shield
Vice President
Daryl Skinner headshot
Daryl Skinner
Vice President
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