CIC Mezzanine tops up third fund with extra €15m

CIC Mezzanine closed its third vehicle, CIC Mezzanine 3, on €165m in early May, comfortably exceeding its €120m target. The GP received an extra €15m commitment in the past few days, allowing it to reach a final close of €180m, according to a source close to the situation.

CIC Mezzanine declined to comment on the matter.

The firm launched the vehicle in January 2012 and reached a €63m first close three months later. The GP's previous fund, CIC Mezzanine 2, closed on €108m in 2009 and has so far made 20 investments.

CIC Mezzanine aims to provide mezzanine funding in the €3-20m range to French SMEs. The third fund had already made five investments and deployed nearly a fifth of overall commitments by early May.

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