Prudential Capital Partners has completed the fund raising for its fifth mezzanine fund, Prudential Capital Partners V, surpassing its target of USD1.4 billion. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, the USD78 billion private placement arm of PGIM, Prudential Financial's global investment management business. Fund V attracted a diverse set of institutional investors and closed fund raising with 34 investor relationships in reaching its hard cap. More than 70 per cent of existing investors re-committed to Fund V, many at higher amounts that brought the capital raise from existing investors to 96 per cent of prior fund commitments. Investors in the fund include corporate pension funds, insurance companies, fund-of-funds managers, foundations and family offices.