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.