CEE-focused GP Mezzanine Management is looking to raise €250m for its fourth fund, Accession Mezzanine Capital IV.
According to a project summary document published by the European Bank for Reconstruction and Development (EBRD), the GP is targeting €250m for Accession Mezzanine Capital IV.
The document also shows Mezzanine Management is seeking a €40m commitment to the fund from EBRD, which is an investor in the firm's first three funds. Its previous fund, Accession Mezzanine Capital III, launched in 2009 with a target of €350m.
Mezzanine Management had not responded to a comment request by unquote" at the time of publishing.
EBRD is considering an equity commitment of up to €40m. Mezzanine Management's previous Accession Mezzanine Capital funds have been backed by LPs including institutional and private investors from the US and Europe.
The GP's latest fund will follow the strategy of its predecessors, providing mezzanine and structured finance products to SMEs, mid-market companies and buyouts across CEE. Accession Mezzanine Capital IV's remit also includes the opportunity to make selective deals in Turkey and Greece.
Mezzanine Management – Christian Stix (head of investor relations); Franz Hoerhager (founding partner).
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