Goldpoint mezz fund hits $700m

The firm’s Fund IV has more than doubled its amount raised – and rounded up 26 more investors – since its last SEC filing in September.

Goldpoint Mezzanine Partners has raised almost $700 million for its Fund IV, according to a US Securities and Exchange Commission filing this week.

28 investors have committed $699 million to Goldpoint Mezzanine Partners IV.

In the last six months, the fund has more than doubled the amount of money raised. In September, PDI reported that the mezzanine fund had raised $300 million from two investors.

The firm’s Fund III raised just over $1 billion in 2012 from LPs including the Chicago Municipal Employees Annuity and Benefit Fund, Pentegra Retirement Services and Phoenix Life Insurance Company, according to PDI Research and Analytics.

Goldpoint launched its first fund in 2002 under its previous name, New York Life Capital Partners. It rebranded in 2012.

As of February 2016, the firm had contributed a total $12.4 billion to more than 300 US- and European-based private equity funds in the last 25 years, according to its website. It has also finalised 119 mezzanine investments.