Vehicle is backed by the EBRD, EIF and Swedbank
Fresh commitments to be invested globally in mid-market
Permira Credit Solutions II has hard-cap of €800m
GP aiming to raise €200m for Acto Mezzanine II vehicle
Firm also announces two new investments
Investor also announces new investments and recruits
Fund is largest Birmingham-focused growth vehicle
Change in Spain
Vehicle on track to reach €100m target
Fund held first close on €75m in February
Austrian mezzanine provider Syntaxis Capital has hired Rupert Coull as consultant for the firm's environmental, social and governance activities.
Indigo Capital France has held a first close on more than €200m for its first mezzanine fund following the team's spinout from UK-based Indigo Capital.
Enterprise Ireland has backed MML Capital Partners as a cornerstone investor in a new fund to back SMEs in Ireland.
Sonja Zwazl, president of the federal economic chamber of lower Austria, has called for more mezzanine financing to support local SMEs, according to local press reports.
French equity and mezzanine provider Capzanine has held a final closing of Capzanine 3 on its €350m hard-cap.
French GP CIC Mezzanine is understood to have held a final close for its third fund on €180m, €15m more than the amount announced at the beginning of May.
Northern European investor Beechbrook Capital has raised €67m for its latest mezzanine fund at first close.
CIC Mezzanine has closed its third vehicle, CIC Mezzanine 3, on €165m – comfortably exceeding its €120m target.
Spanish bank Banca March, the European Investment Fund (EIF) and Spanish Iberian mezzanine provider Oquendo Capital are to raise a fund to back local SMEs, according to local reports.
Mezzanine specialist Beechbrook Capital is currently marketing its second fund and is aiming to reach a first close on more than €60m in Q1 2013, unquote” has learned.
Looking at the funds launched so far this year in Europe shows sustained appetite for mezzanine and secondaries vehicles, reflecting current investment opportunities and subsequent LP interest for the private debt and secondaries markets.
Debt fund Palio is planning an IPO to raise more than £150m for investment in debt opportunities for UK lower mid-market companies.
123Venture has launched a new mezzanine fund, Trocadero Capital & Transmission II, with a €100m target.