We are a leading investor in the private placement market and benefit from the financial strength and stability of our ultimate parent company, New York Life Insurance Company, a Fortune 500 company.
Private Capital Investors ranks among the top five investors in the private placement market, and manages a private placement portfolio of approximately $49 billion as of March 31, 2021. In 2020, we invested roughly $5 billion, a reflection of our commitment to helping companies grow and meet their business objectives. We invest in businesses by providing medium to long term debt that outlasts economic cycles.
We start by taking the time to understand your business, allowing you to tell your story. Once we agree we are the right partners for each other, we work with you to structure a financing agreement that allows you to run your business for the long term.
Our consistent presence in the private placement market is directly linked to the strength and stability of our ultimate parent company, and our investments help New York Life Insurance Company meet its long term promises to its policyholders.
Committed to your business for the long term.
We are about long-term partnerships. We want to be there to support your business strategy by providing capital to your company as your needs develop over time.
For example, when other private placement firms temporarily closed their doors during the financial crisis in 2008 and 2009, we continued to provide capital and continue to do so today, investing over $5 billion annually in private placements. We look beyond short-term volatility in the markets to support businesses we believe in. Over the past 10 years, we have provided over $50 billion of debt private placements to companies seeking financing.