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Jul 2014

Midwest Mezzanine Funds Closes Fifth Fund at $270,000,000

Chicago, IL. – Midwest Mezzanine Funds (“MMF”) is pleased to announce the successful final close of its fifth lower middle-market focused mezzanine investment fund, side-by-side funds, Midwest Mezzanine Fund V (“Fund V”) and Midwest Mezzanine Fund V SBIC (“Fund V SBIC”, and together with Fund V, “the Funds”) on July 31, 2014 at $270,000,000. Fund V SBIC has been licensed by the U.S. Small Business Administration (“SBA”) as a Small Business Investment Company (“SBIC”) and is the second SBIC formed and managed by Midwest Mezzanine.  Together, the Funds exceeded their targeted size by $70 million, making it the largest fund in MMF’s history with capital commitments from 30 limited partners. The Funds’ Limited Partners include family offices; regional, national and international banks; large institutional investors and high net worth individuals.

Midwest Mezzanine seeks to invest in mature companies located in the United States with EBITDA of at least $3 million. The Firm typically invests between $4 million and $15 million per investment and can lead or participate in investments greater than $15 million by co-investing with its limited partners or other mezzanine providers. Currently, The Funds have invested $32.4 million in six portfolio companies.  During its 22-year history, MMF has invested over $560 million in more than 90 portfolio companies. Including the new capital committed to the Funds, MMF has over $360 million under management, continuing its role as one of the most experienced leading mezzanine providers in the United States.

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Midwest Mezzanine Funds, founded in 1992, provides junior capital to privately-owned, middle market companies. The Firm’s investments typically consist of second lien term loans, subordinated notes and a non-control equity participation in the form of convertible notes, redeemable preferred stock, convertible preferred stock, detachable warrants or common stock. Midwest Mezzanine primarily invests in manufacturing, value added distribution, and service providers with a focus on consumer products, commercial products, industrial services, business services, industrial products, food products, environmental services, and for-profit post-secondary education. The Firm typically does not invest in companies in the high technology, energy, or real estate sectors.

For more information, visit www.mmfcapital.com or contact Ana Winters at (312) 291-7302 or awinters@mmfcapital.com.