Wednesday, 17 September 2014
Last updated 3 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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