Caltius Mezzanine has announced the closing of Caltius Partners Executive III. Investors include executives of Caltius' current and former portfolio companies. The fund was established in conjunction with Caltius Partners III that closed at $300m in June this year.
‘Our portfolio company executives have paid us the highest compliment by investing in the executive fund,’ said Jim Upchurch, chief executive officer of Caltius. ‘We deeply appreciate the confidence they have bestowed on our team, and look forward to any insight they can provide in our investment activities.’
As a result of the recent closing of Caltius III, the firm has recruited Christopher Hebble as principal and Rick Stuart as senior associate. Hebble joins the firm from Houlihan Lokey Howard & Zukin where he was vice president in the corporate finance department. Stuart joins from Caltius Private Equity Partners where he was an associate.
Caltius Mezzanine was founded in 1997 and provides between $5m and $30m of mezzanine financing to companies in a broad range of industries to support acquisitions, recapitalisations, buy-outs and organic growth.
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