Pra Holdings, Inc.
Pra Holdings, Inc. is a financial services holding company with subsidiaries providing specialty insurance products and services in the United States. Its main subsidiary, Pra Group (formerly Portfolio Recovery Associates), is one of the largest purchasers and collectors of defaulted consumer debt in North America. The company was founded as Portfolio Recovery Associates LLC in 1996 by CEO Steven Fredrickson and CFO Kevin Stevenson under its parent organization at the time, Finova Group. In 1999, Finova Strategic Investments acquired Consumer Credit Services Inc., which was combined with PRA to form what is now known as PRA Group. In 2019, PRA's parent company changed to Pra Holdings Inc. Today, Pra Group operates globally and has become one of the world’s leading providers of asset management solutions for distressed debt portfolios within banking organizations worldwide.
Headquarters
4130 PARK LAKE AVENUE, SUITE 400, RALEIGH, NC 27612