PNC Financial Services Group has funded its private equity unit, PNC Mezzanine Capital, with a total of $500 million, Reuters reports. The amount has been committed by the bank from its own capital.

PNC Mezzanine seeks to put around $10-40 million and can lead investments of up to $60 million. By not allowing outside investors in the fund, PNC is looking to avoid the restrictions of the Volcker Rule.

Click here for the story from Reuters.