Highbridge Raises $5B For Mezzanine Fund

Mar 18 2013 | 9:28am ET

Highbridge Capital Management has closed its latest mezzanine fund at over $5 billion.

Like its 2008 predecessor fund, the Mezzanine Partners Fund II, will invest primarily in subordinated debt securities across a broad set of industries with a focus on North America and Western Europe.

The fund, one of the world's largest dedicated mezzanine funds (and the largest closed since the financial crisis), has invested or committed over $1 billion in nine companies since its first close in early 2012.

“We are appreciative and fortunate to have enthusiastic support from our existing and new investors,” said Scot French, Highbridge Principal Strategies partner and head of HPS Mezzanine, in a statement. “The strength of both our track record and global relationships positions us favorably to continue providing creative capital solutions to our corporate and private equity partners while delivering attractive returns to our investors.”

HPS is a subsidiary of Highbridge Capital Management and JPMorgan Asset Management which invests across the capital structure in the public and private capital markets, including privately negotiated mezzanine debt investments, specialty direct lending, public credit securities, growth equity and leveraged loans.

Highbridge has approximately $30 billion in assets under management.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.