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Sep 2018

Midwest Mezzanine Completes the First Close of Its Sixth Fund

Chicago, IL – Midwest Mezzanine Funds (“Midwest Mezzanine”) is pleased to announce that in September of 2018, it successfully completed a first close of its sixth fund, Midwest Mezzanine Fund VI SBIC, L.P. (“Fund VI SBIC”), with $165 million of capital. Fund VI SBIC has been licensed by the U.S. Small Business Administration as a Small Business Investment Company (“SBIC”) and is the third SBIC formed and managed by Midwest Mezzanine. Fund VI SBIC’s limited partners include family offices; regional, national and international banks; insurance companies; large institutional investors; and high net worth individuals.

Fund VI SBIC will seek to invest subordinated debt, second lien term loans, last-out senior secured term loans, as well as non-control equity securities in mature companies located in the United States with EBITDA of at least $3 million. Midwest Mezzanine typically invests between $4 million and $15 million per investment and can lead or participate in investments greater than $15 million through co-investments from limited partners or other capital providers. During its 26-year history, Midwest Mezzanine has invested nearly $800 million of junior capital in more than 100 portfolio companies.