Mezzanine Management closes biggest fund to date on €264m

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CEE-focused Mezzanine Management has closed its fourth fund on €264m of capital commitments, representing its largest vehicle to date.

Mezzanine secured commitments for the fund from 20 limited partners, with half of the capital raised coming from new investors. The Luxembourg-based fund was initially targeting €250m, but went on to surpass both this and the €200m raised for its predecessor.

The firm will use AMC Capital IV to provide growth capital to mid-market businesses in Central Europe, through long-term debt and equity. Mezzanine has already tapped the fund to back four deals including investments in ATM, Netrisk, Nettle and Optimapharm.

Mezzanine is targeting between 15 and 18 deals and will make initial investments from €10m to €30m per deal.

Mezzanine head of investor relations Christian Stix said, “We are pleased by the tremendous support of our existing investor base, which is a result of our disciplined strategy of delivering strong risk-adjusted returns.

“In addition, AMC IV received first-time support from Asia, which is testament to the allure of our exciting region for international investors and may facilitate additional outside commitments to Europe’s fastest-growing region.”

Mezzanine Management has invested over €600m across its funds through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague.

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