Yukon Partners hits $100m mark for second mezzanine fund


minneapolis_sqPrivate equity firm Yukon Partners has raised more than $100m for its second mezzanine fund.

Yukon Capital Partners (YCP) II has secured commitments of $113.3m from 24 LPs towards its $400m target, according to a document filed with the US Securities and Exchange Commission.

The fund, which does not have a minimum investment requirement, registered its first commitment last week, the filing showed.

YCP II follows Yukon’s first mezzanine fund, which was closed on $238.4m in 2011.

The Minnesota-based firm makes subordinated debt and equity investments of $10m to $40m in companies with revenues of between $30m and $500m and an EBITDA of $10m to $50m.

Other mezzanine funds currently in the market include Spring Capital’s third fund, which has raised more than $50m.

Copyright © 2013 AltAssets