Kayne Anderson Mezzanine Partners tops target, raises $600 million

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Kayne Anderson Mezzanine Partners, Kayne Anderson Capital Advisors' first general industry mezzanine fund, exceeded its initial target, raising a total of $600 million.

"We are pleased to have exceeded our initial target because we believe it is a compelling time to invest in this asset class," Kayne Anderson Capital Advisors president Robert Sinnott said in a company news release.

Based in New York, Kayne Anderson Mezzanine Partners is led by co-managing partners Ed Cerny and David Petrucco.

The fund provides mezzanine capital to both private equity-sponsored and nonsponsored middle-market companies across a variety of industries and has made six portfolio investments to date totaling about $90 million in support of refinancings, corporate expansions, leveraged buyouts and recapitalizations.

Kayne Anderson is a Houston investment company.

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