Praesidian Capital Reaches Final Close on Oversubscribed Fund
$236 Million Fund To Continue Firm’s Focus On Middle Market Mezzanine Investing
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, and Edward L. “Ted” Koch, III.
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 www.praesidian.com
Media Contact: Dan Jacobs
Broadgate Consultants, LLC
Phone: 212 232 2227