Prudential Capital Energy Partners raises $343m

The affiliate of PGIM closes first energy mezzanine fund.

Prudential Capital Energy Partners has held the final close for its debut energy mezzanine fund, Prudential Capital Energy Partners Fund I, at $343 million. The firm, which is part of the Prudential Capital Group, will make investments between $10 million to $15 million to fund mezzanine debt investments in middle market North American upstream oil and gas and renewable power sectors.