As the only active SBIC based in Pittsburgh, Pennsylvania, FNBCP will focus on mezzanine debt
and private equity investments in lower middle market companies.
UK's HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005) has said that it has agreed, through its wholly owned subsidiary HSBC Capital (Canada) Inc, to sell its Canadian private equity fund management and mezzanine debt
business to Fulcrum Capital Partners Inc, a new company formed for the purpose by members of HSBC Capital's current management team.
The new entity has purchased all $300 million worth of the senior mezzanine debt
on the Manhattan apartment complex, Crain's reported.
The current refinancing gap for middle market companies, created by banks' unwillingness to lend, has opened up some attractive mezzanine debt
investment opportunities, according to Mercer.
The mezzanine debt
was secured by a perfected, first-priority interest in all the ownership interests in Owner LLC and in two new LLCs: a managing member of a master-lessee and a subtenant.
MANAMA: Investing in property-backed mezzanine debt
instruments in the US offers particularly good returns at present, according to Bahrain-based Investcorp,
It currently has some $600 million invested in the mezzanine debt
in the US market, the only property market it operates in.
The Evolve Mezzanine Fund will provide mezzanine debt
finance to North East SMEs and continue the work of four funds of this type the Newcastle firm has run since 2000.
Earlier this year, he led a team of five Ackman-Ziff professionals to raise over $700 million of senior debt, mezzanine debt
and joint venture equity for his client's acquisition of 650 Madison Avenue in New York City.
Horsham, Pennsylvania, announced it originated a $39 million fixed-rate, permanent financing package of first-mortgage and mezzanine debt
for Jenkintown, Pennsylvania-based The Galman Group's acquisition of Whitney Apartments in Claymont, Delaware.
European Capital generally invests between euro 5 million and euro 500 million per transaction in equity, mezzanine debt
and senior debt to fund growth, acquisitions and recapitalisations.
They're also less expensive than mezzanine debt
, which often fills the gap between senior debt and equity.