$236 Million Fund to Continue Firm's Focus on Middle Market Mezzanine
Investing
NEW YORK, Sept. 18 /PRNewswire/ -- Praesidian Capital, a leading
provider of mezzanine debt for middle-market companies, today announced the
successful closing of Praesidian Capital Investors II, LP with total
capital commitments of $236 million.
"This Fund is a representation of a diversified group of investors who
trust in our ability to continue generating attractive returns on a
risk-adjusted basis. We are very appreciative of the continued support of
our original investor base and the interest demonstrated by new investors,"
said Jason Drattell, Managing Partner at Praesidian. "We will continue our
strategy of providing capital to middle market companies by partnering with
both strong equity investors and talented management teams to unlock the
full potential of the businesses they own."
Praesidian Capital Investors II, LP, is seeking investments in
established, historically profitable middle-market companies with revenues
between $15 million and $150 million and EBITDA between $4 million and $15
million. Since inception, the Firm has invested in seventeen separate
companies and has completed seven add-on investments in existing portfolio
companies.
Investors in the fund include leading institutional investors as well
as prominent family foundations and high net worth individuals.
The firm's partners have more than 100 years of investing experience in
middle-market companies, with backgrounds in mezzanine, senior debt and
private equity investing as well as operations, corporate finance and
mergers and acquisitions. The partners include: Jason D. Drattell, Neil A.
Marks, Edward L. "Ted" Koch, III, and James A. Fisher.
About Praesidian Capital
Based in New York City, Praesidian provides mezzanine debt to middle
market companies. The firm provides capital for established, historically
profitable companies, as well as for management/leveraged buyouts,
recapitalizations and refinancings. Investments are focused on successful
businesses in the manufacturing, distribution and service sectors, although
the firm's approach is not driven by an industry focus. For more
information, please visit http://www.praesidian.com.
SOURCE Praesidian Capital
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Related links:
http://www.praesidian.com
CONTACT:
Dan Jacobs of Broadgate Consultants, LLC,
+1-212-232-2227, for Praesidian Capital
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