Thursday, 25 August 2016
Last updated 21 hours ago
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.”