Yukon hits hard-cap of more than $550m for mezz fund

Capital raised for subordinated debt this year through September makes up one-fifth of the fundraising total, versus a quarter last year.

Yukon Partners has held a final close on its third mezzanine debt fund, the firm said in a statement, its largest yet amid a slower mezzanine fundraising environment.

The Minneapolis, Minnesota-based alternative lender had locked down $558.7 million for Yukon Capital Partners III, the hard-cap for the vehicle.

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