Market Overview

Prudential Capital Partners Raises $1.15B for Fourth Mezzanine Fund

Share:
Related PRU
The Hartford Seals Pension Risk Deal to Reduce Liability
Why You Should Hold onto Prudential Financial (PRU) Stock
Benin Management Corp Buys Prudential Financial Inc, United Parcel Service Inc, Chevron Corp, ... (GuruFocus)

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.

Posted-In: News Financing

 

Related Articles (PRU)

View Comments and Join the Discussion!