Debevoise & Plimpton LLP advised Prudential Capital Partners, the middle-market mezzanine debt and equity fund management business sponsored by Prudential Capital Group, in connection with the formation of its latest North American mezzanine fund, Prudential Capital Partners V. The fund exceeded its target, reaching a hard cap of $1.825 billion.
Prudential Capital Partners, a middle market mezzanine fund business, was founded in 2000. With its fifth fund, Prudential Capital Partners has raised more than $5.3 billion from institutional investors since launching its first mezzanine fund in 2001. Debevoise also served as Prudential Capital’s lead counsel during the formation of the business’s four earlier mezzanine fund vintages.
The Debevoise team was led by partner Erica Berthou and included partner Michael Bolotin, counsel Katrina S. Rowe and associates Michael Layfield, Evan W. Neu and Colleen B. Traflet.
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