GMB Mezzanine Capital III, L.P. raises more than $270 million
In mid-January, the principals of GMB Mezzanine Capital announced that the firm successfully closed its third fund, GMB Mezzanine Capital III, L.P., after raising more than $270 million. The $270 million is made up of capital from large institutional investors, regional and national banks, family offices, and high net worth individuals. The target investments for the Fund will be companies in the lower middle-market with less than $200 million in enterprise value. The Fund will finance between $3 to $25 million in subordinated debt and non-control equity to be used for acquisitions, growth needs, recapitalizations, and buyout transactions.