Prudential Capital Partners has closed its fifth mezzanine fund with $1.8 billion in capital commitments. The fund, called Prudential Capital Partners V LP, received support from more than 70 percent of existing investors.

The new fund, like preceding funds, will make investments ranging from $10 million to $100 million to fund acquisitions, recapitalizations, growth capital financings and management-led buyouts for North American middle-market businesses. Prudential Capital Partners V exceeded its initial target of $1.4 billion.

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