North America-Focused Mezzanine Fundraising: Off to a Strong Start
As at May 2018, seven North America-focused mezzanine funds have held a final close, securing a total $4.1bn in capital. These fundraising levels put 2018 on path to exceed 2017 activity: in 2017, 17 North America-focused mezzanine funds closed and raised an aggregate $5.2bn. This represented a drop from 2016 when 35 funds secured a record $29bn, surpassing the previous record set in 2008 when 24 North America-focused mezzanine funds raised $24bn.