US-based private equity firm Brookside Mezzanine Partners is raising its Brookside Mezzanine Partners fund with a target of $100m, having already raised $64m, according to a filing with the US Securities and Exchange Commission.
The firm, which currently has over $500m under management, invests in subordinated debt and minority equity in small and mid-sized companies in the US. It typically invests up to $20m per transaction while targeting companies in the manufacturing, business services, distribution, restaurant/retail and healthcare sectors. It targets companies with an EBITDA of at least $3m with EBITDA margins in excess of ten per cent.
Brookside’s current portfolio includes companies in the medical/health, manufacturing, business services, consumer and transportation space such as contract manufacturer 3D Machining, engineering, design and manufacturing company Aerospace Holdings and retailer Boot Bam.
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