Private Placements
Northwestern Mutual Capital is one of the largest investors in the investment grade private placement market. Over five years, we averaged $2.7 billion in privately-placed bonds in more than 82 transactions, providing capital to companies based in the U.S., Canada, Europe and Australia. Our investments span a variety of sectors, from industrial to financial services to energy, and include traditional private placement bonds as well as project finance and asset-backed securities. As of December 31, 2009, Northwestern Mutual's private placement investment grade portfolio had a book value of approximately $20.9 billion.
Our capital base and experienced team of professionals allow us to quickly assess the merits of a transaction, provide timely feedback and make substantial capital commitments when appropriate. In assessing investment opportunities, Northwestern Mutual Capital carefully considers both the credit of the issuer and the structure of the transaction.
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