MezzVest Holds Final Close on €585 million for Fund III with FIRSTavenue as Global Placement Agent
LONDON & NEW YORK, February 5, 2014-- FIRSTavenue, a leading global private placement agent and advisory firm, is pleased to announce the final closing of MezzVest III with total commitments of €585 million. London-based MezzVest is a leading pan-European provider of subordinated debt, focused on financial-sponsored midcap companies located or headquartered in Western Europe. The fund attracted commitments from a diverse group of global investors, with FIRSTavenue serving as the sole global placement agent for the fund.
“We are privileged to partner with MezzVest and congratulate the entire MezzVest team on their successful fundraise,” commented Paul Buckley, Founder and Managing Partner of FIRSTavenue. “MezzVest is one of the premier teams in the credit market. Lemy Gresh and his partners have worked together for over 10 years, and have a strong record of successfully investing across Western Europe,” he added.
“With help from the FIRSTavenue team, MezzVest was able to get its story out to the investor market and attract commitments from top quality investors from around the world,” commented Lemy Gresh, Partner and CEO at MezzVest. “We appreciate this vote of confidence from both new and existing limited partners, and are off to a strong start with Fund III.”
Established in 2000, MezzVest is a leading sponsor and advisor to pan-European mezzanine funds dedicated to providing mezzanine financing for Tier I financial-sponsored companies with strong management teams and stable cash flows. The MezzVest team has over 200 years of combined credit experience and has deployed over €3.5 billion through 200 subordinated debt financing solutions. Its market-leading position has also been recognized by the industry as demonstrated by being named the Best Mezzanine Investor by EuroWeek in 2009, 2010, 2011 and 2012. For more information on MezzVest, please visit www.mezzvest.com.
Founded in 2006, FIRSTavenue is a leading independent global placement agent and advisory firm dedicated to raising capital for a distinguished group of alternative asset managers across private credit, private equity, real assets and real estate in developed and emerging markets. With an experienced team of over 50 professionals located in London, New York, San Francisco and Cleveland, FIRSTavenue provides global distribution and accessibility to an extensive network of institutional investors. For more information on FIRSTavenue, please visit www.firstavenue.com.
First Avenue Partners LLP is registered in England and Wales under the no. OC319893. Authorised and regulated by the Financial Conduct Authority
FAP USA, L.P. member FINRA/SIPC
Paul Buckley, +44 20 7016 6601
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