The Orlando, Fla.-based Florida Mezzanine Fund is a joint venture between over 50 Florida investors who previously formed Gator Mezzanine Fund, and CapitalSouth Partners, a Charlotte, N.C.-based mezzanine fund that provides private equity and mezzanine capital to lower middle-market companies.
Florida Mezz will invest from $500,000 up to $30m in debt and equity financing in Florida businesses, excluding the real estate development sector.
In its first year, the fund expects to consider up to 200 companies for funding.
As part of the launch, Florida Mezz announced its first two investments, including:
– Great HealthWorks, Inc., a Fort Lauderdale-based marketing and distribution company with a proprietary line of patented healthcare products that will create approximately 50 new jobs in the state;
– Association Financial Services, a Miami-based financial services company for condo and homeowner associations.