Harbert Management Corporation, an investment management firm focusing on alternative assets, held the final closing of its third mezzanine debt fund, at $165 million.
Harbert Mezzanine Partners III, L.P. received support from existing investors and new commitments from other institutional investors including public and private pensions, fund of funds and family offices.
Led by John Harrison, Senior Managing Director, Harbert Mezzanine Partners focuses on the lower end of the middle market and is actively seeking investments across all industries.
HMP III’s strategy is to invest $3-$15m in small- to medium-size businesses seeking funding for organic growth, acquisitions, recapitalizations and management buyouts.
Since the inception of the first mezzanine fund in 2000, the Harbert Mezzanine Partners (“HMP”) funds have successfully invested approximately $600 million in 96 companies.