Preqin’s Funds in Market database holds extensive information on 30 mezzanine private equity funds that are currently fundraising for investments primarily in the US. Preqin’s research shows that an aggregate of USD 13.8 billion is being targeted by the funds and 47% have held one or more interim closes.
The largest mezzanine fund currently fundraising is TCW Energy Fund XV. The fund is targeting USD 2.5 billion to invest in asset-based energy projects. Launched in February this year, the fund has already achieved its third interim close and is aiming for a final close in the second quarter of next year.
Another significant fund is OCM Mezzanine Fund III, which is targeting USD 2 billion for mezzanine investments across a range of industries in the US. Currently at over 65% of its target amount, the fund aims to reach a final close by the end of this year.
Kohlberg Kravis Roberts’ KKR Mezzanine Partners I is the debut mezzanine fund from the firm. Targeting USD 1 billion, the fund has a global focus and aims to primarily make investments as part of leveraged buyouts, recapitalizations, refinancing and growth financing for large-capitalization and middle-market companies located in North America, Europe, Asia and Australia.
For more information on private equity fundraising please see Preqin's Funds in Market product.