Minneapolis, Minnesota-based Yukon Partners closed its second mezzanine fund at $400m.
Yukon Capital Partners II, L.P., which substantially exceeded its initial $300m target, provides mezzanine capital to U.S. and Canada-based middle market businesses primarily in transactions controlled by private equity sponsors including buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, public-to-private buyouts, and refinancings with a typical investment ranging between $10 and $40m.
Limited partners include both domestic and international pension funds, insurance companies, endowments, foundations, consultants, and family offices. Fund II has already invested $70m through five completed transactions since began investing in December 2013.
Founded in 2008 by partners Michael Hall and William Dietz, Yukon has raised over $640m in total capital commitments across two funds.