Beechbrook Wins FRM Backing For Mezz. Fund

Oct 21 2008 | 9:50am ET

Hedge fund seeder FRM Capital Advisors is backing a new mezzanine fund launched by a London private equity shop.

FCA, the seeding arm of Financial Risk Management, has committed US$75 million to Beechbrook Capital’s Mezzanine I fund, PEHub reports. The firm, which was founded in May, is continuing to fundraise and plans a second closing next year.

“The current market conditions provide one of the most favorable investment opportunities the mezzanine debt industry has seen in many years,” Beechbrook co-founder Paul Shea said. “Working with FCA provides the basis to execute the strategy we have been developing.”

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