GSC Partners Europe, the mezzanine fund management group, is nearing the next closing of its European mezzanine fund, which will take capital commitments to a total in excess of €1bn ($850m).
The fund is targeting around €1.3bn of which over €300m will come from a credit facility, as reported in Financial News in February. GSC Partners is close to finalising the facility with two banks, one acting as lead on the deal. Christine Vanden Beukel, managing director at GSC, said: "There has not been a huge change in equity commitments but a few investors are in committee and we expect to hear from them very soon."
