Prudential Capital Partners Raises $1.15B for Fourth Mezzanine Fund
Prudential Capital Partners has raised $1.15 billion for its fourth mezzanine fund, Prudential Capital Partners IV, L.P., exceeding its $1 billion fund raising target and bringing to more than $3.5 billion the amount raised since 2000, the company announced today. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, a private fixed-income investment business of Prudential Financial, Inc. (NYSE: PRU).
Investors include public and corporate pension funds, insurance companies, fund-of-funds managers, foundations, and family offices. In addition to eleven new investors committing to the new fund, more than 70 percent of existing investors re-committed in Fund IV.
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