Prudential Capital Energy Partners

Prudential Capital Energy Partners has completed fundraising for its first energy mezzanine fund, Prudential Capital Energy Partners Fund I LP closing at $343 million. Prudential Capital Energy Partners is the middle-market energy mezzanine fund business sponsored by Prudential Capital Group, the $81.4 billion private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential Financial Inc.

Fund I will follow an investment strategy consistent with its predecessor legacy investment programs, making investments ranging from $10 to $50 million to fund primarily mezzanine debt investments in the middle-market North American upstream oil and gas, conventional and renewable power sectors.