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Prudential Financial Raises $805 Million for Real Estate Fund

Oct. 16 (Bloomberg) -- Prudential Financial Inc., the second-largest U.S. life insurer, said it has raised $805 million for a fund investing in U.S. real estate debt.

Typical deals for the fund will range from $10 million to $65 million, the Newark, Jersey-based insurer’s Prudential Real Estate Investors said today in a statement distributed by Business Wire.

To contact the reporter on this story: Susanna Pak in New York at Spak10@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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