Saturday, 25 April 2015
Last updated 1 day ago
Apr 3 2012 | 12:56pm ET
New York Life Capital Partners, a private equity affiliate of New York Life Investments, closed its third mezzanine fund with total commitments of $980 million on March 30, 2012.
The total for the NYLCAP Mezzanine Partners III fund was a 20% improvement over that of its predecessor fund.
"We are very grateful for the show of support we received from investors and are confident that our strategy of investing in the middle market, with longstanding sponsor relationships, will continue to deliver strong results" said Thomas Haubenstricker, CEO of New York Life Capital Partners.
The fund will provide mezzanine financing to private equity groups to support their acquisitions of middle-market companies in the U.S. and Western Europe. To date, the fund has invested $235 million in 10 portfolio companies.
New York Life Capital Partners, with about $8.3 billion in assets under management, raised its first dedicated mezzanine fund in 2002. The existing team has invested $1.9 billion in 90 mezzanine transactions on behalf of the funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…