PDI Picks – 8/5/2019

Massive mezzanine lenders: the few, the proud


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While this year’s sluggish junior debt fundraising numbers partially reflect the hollowing out of mid-market mezzanine investments, they also illustrate big firms getting bigger.

Mezzanine debt fundraising is off to a slow start this year, according to PDI data, once again showing the strategy’s reliance on mega-funds to post impressive fundraising numbers.