Prime Finance launched fourth fund
Prime Finance Partners has launched its fourth fund, according to a filing with the SEC. An equity target was not disclosed in the filing. Prime Finance Partners IV is part of a fund series that invests in U.S. debt, which started in 2008 with the debut fund Prime Finance Partners I. Predecessor fund Prime Finance Partners III closed in 2013 with $618 million, exceeding its $600 million goal. It was considered one of the highest fund closings during first quarter 2013.