The Carlyle Group has closed the first fund to come out of its new mezzanine arm, Carlyle Mezzanine Partners, at $436 million.
The mezzanine arm was established in 2004 and is co-headed by managing directors Leo Helmers, Rufus Rivers and James Shevlet Jr. Based in Los Angeles and New York, the group will be investing in companies undergoing leveraged buyouts, recapitalizations and growth financings led by other private equity firms, focusing on senior subordinated notes with warrants, preferred stock and minority common equity securities.
