CapVent, the private equity fund of funds adviser, plans to launch a fund investing in US mezzanine and expansion capital. CapVent is attracted to the market by improved mergers and acquisitions opportunities and a scarcity of bank capital for lower middle-market companies.

The CapVent Current Income fund will use instruments such as subordinated debt and preferred equity and invest exclusively in US funds.

News in brief: CapVent plans US mezzanine fund

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Billionaire John Caudwell: ‘I’ll still build London’s most expensive homes despite UK wealth exodus’

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

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