GMB Mezzanine Capital Closes Third Fund at over $270M

GMB Mezzanine Capital, a Minneapolis, MN-based firm that makes private mezzanine investments in lower middle-market companies throughout the United States, closed the third fund at over $270m.

GMB Mezzanine Capital III, L.P., exceeded its targeted size with a diversified mix of Limited Partners, including large institutional investors, regional and national banks, family offices and high net worth individuals.

The fund will generally invest $3m to $25m in subordinated debt and non-control equity in lower middle-market companies with enterprise values under $200m assisting private equity sponsors in buyout transactions, their portfolio companies’ growth capital and acquisition needs, and recapitalizations, across a broad range of U.S. based industries.
The vehicle has been licensed by the U.S. Small Business Administration as a Small Business Investment Company (“SBIC”).

Led by Mike McHugh, Cully Olmanson, the firm has mananged two predecessor funds which invested $507m in a geographic diverse group of 66 portfolio companies from 2005 to 2016.

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