PRINT THIS PAGE Nordic Mezzanine reaches a final close at E240m29/10/2003. Source: AltAssets. 
 Nordic Mezzanine has reached a final close on its second fund at E240m, exceeding its original target of E200m. The fund's investor base consists of Nordic institutions, predominantly pension funds and life insurance companies.
The new fund specialises in mid-market buy-outs and expansion capital. The fund will make most of its investments in the Nordic region and Germany, but the firm will also consider investment opportunities in the rest of continental Europe and the UK.
This mezzanine fund closing is the latest in a series to have taken place in the last few months. UK-based Intermediate Capital Group recently held a first closing at E250m. France-based Euromezzanine closed its fourth fund ahead of target at E427m earlier this month and Goldman Sachs raised the largest ever mezzanine fund at $2.7bn in September.
US Prism Capital and New York Life Investment Management have also held closes on mezzanine offerings in the last two months.
The continuing hostile economic environment has supported a significant increase in the popularity of mezzanine funds. While many firms are finding fundraising extremely difficult, a number of mezzanine funds are reaching and exceeding their targets with relative ease.
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