PE fund briefs, week of Feb. 1, 2010

ShoreCap seeks $100M

ShoreCap Management is raising $100 million for its second fund, which is focused on small business banks and microfinance institutions in low-income African and Asian countries.

It has received a $10 million commitment from U.K.-based development finance institution CDC Group.

Castle brings home $800M

Castle Harlan has secured about $800 million in capital commitments for its fifth fund. A final close is expected later this quarter.

The New York-based buyouts firm raised more than $1.1 billion for its fourth fund, which closed in 2002.

EDG edges past $150M

EDG Partners, an Atlanta-based private equity firm focused on underperforming health care companies, is raising upwards of $150 million for its second fund, according to a regulatory filing.

The firm has already raised $10.5 million in capital commitments.

Prudential raises mezz fund

Prudential Capital Partners has closed its third mezzanine fund with $965 million in capital commitments.

The Chicago-based firm raised $775 million for its second fund, which closed in 2005.