American Capital Strategies, one of the largest US mezzanine finance providers, is raising a new fund as demand grows for leveraged buyout loans.
The new $1bn (€788m) fund will be called American Capital Equity I. It will include $670m of of equity investments currently owned by American Capital in 96 portfolio companies, plus another $330m in commitments from external investors, including HarbourVest Partners and Lexington Partners.