GMB Mezzanine Capital has held the successful closing of GMB Mezzanine Capital III, with commitments in excess of USD270,000,000.
GMB 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.
"We are very grateful for the confidence and support of our Limited Partners. The appeal of the mezzanine investment class and the opportunities offered by our middle-market focus and well-developed sponsor relationships resonated with many investors," says Mike McHugh, Partner at GMB.
The Fund will generally invest USD3 million to USD25 million in subordinated debt and non-control equity in lower middle-market companies with enterprise values under USD200 million. The Fund will assist private equity sponsors in buyout transactions, their portfolio companies' growth capital and acquisition needs, and recapitalisations, across a broad range of US based industries.
The Fund has been licensed by the US Small Business Administration as a Small Business Investment Company ("SBIC") and is the third SBIC formed and managed by the principals of the Fund.
GMB’s investment team members each have long been active in private company, middle market financings, investing in a wide range of businesses, transaction types and capital structures across multiple business cycles.
"Our team looks forward to supporting our private equity partners in their merger and acquisition efforts," says Cully Olmanson, Partner.
"We believe that the timing for raising the new capital pool is right, and that our strong deal flow will provide ample high-quality opportunities during its investment period," adds Dan Hemiadan, Partner.
