Pfingsten announces $525 million Fund IV close

Pfingsten announced the close of its fourth investment-fund program with $525 million of commitments against a $400 million target. Its release identifies Pfingsten Partners Fund IV, L.P.; the program closed April 30, 2008. These are numbered-program fundraising figures, not adviser AUM or individual parallel-vehicle values. The issuer reports Patronus Capital Advisors as administrative adviser and no placement agent.