This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Prudential Capital Partners Raises $1.15 Billion For Its 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.

"As investors are increasingly searching for current yield in a low interest rate environment, the number of credit related funds in the market is on the rise," said Jeffrey Dickson, managing principal of Prudential Capital Partners. "In this crowded marketplace, our consistency of strategy, team and performance over time has really helped to set us apart in fund raising and has enabled us to raise four funds of increasing size over the last twelve years. We look forward to continuing our role as a leading capital provider to the middle-market."

Prudential Capital Partners has funded 93 mezzanine and equity investments since 2000 and has realized or partially realized 52 of those investments. Prudential Capital Partners and Prudential Capital Group are actively seeking North American financing opportunities for Fund IV, which is expected to make investments over the next three to five years.

Fund IV will follow an investment strategy consistent with that of the first three funds: making investments ranging from $10 to $100 million to fund acquisitions, recapitalizations, growth capital financings, and management led and sponsored leveraged buyouts for middle-market companies in traditional industries.

In addition to Dickson, other principals of Prudential Capital Partners, IV, L.P., include Mark Hoffmeister, Paul Meiring, Charles King, Allen Weaver, Robert Derrick and Scott Von Fischer. The team has on average 28 years of private investment experience with specific expertise in mezzanine investments, having been responsible for the design and implementation of Prudential Capital Group’s mezzanine strategy since 1995.

Stock quotes in this article: PRU 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,414.12 -10.73 -0.07%
S&P 500 1,863.47 +1.16 0.06%
NASDAQ 4,091.1990 +4.9740 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs