AEA hits $484m on Mezzanine III

The firm has reportedly targeted $600m for the vehicle. 

AEA Investors has raised at least $484.4 million for its latest mezzanine vehicle, according to documents filed with the US Securities and Exchange Commission on Friday.

AEA has reportedly set a $600 million target for the fund. The filing lists Joseph Carrabino as the managing member of the general partner for the vehicle. He had not responded to a request for comment at press time.

The firm’s mezzanine strategy typically provides capital in support of mid-market acquisitions, recapitalizations, refinancings and growth opportunities. Typical investments range from $10 million to $40 million in size with $1 million to $5 million equity co-investments, according to its website.

AEA’s mezzanine business has provided capital to more than 30 transactions since its inception in 2005. The mezzanine platform is operated out of the firm’s Stamford and New York offices.

Equus Financial Consulting is an associated broker or dealer on the fund. That firm had not responded to a request for comment.

AEA was founded in 1968 by SG Warburg & Co. along with Rockefeller, Mellon, and Harriman family interests, according to the its website. In addition to Stamford and New York, AEA also maintains offices in London; Munchen, Germany; Hong Kong and Shanghai.