Yukon Partners raises $558.7m

The US firm closes its largest mezzanine fund to date.

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Yukon Capital Partners III has held a final close at its $558.7 million hard-cap, exceeding its initial target of $500 million. The firm’s third fund will continue to pursue its strategy of providing mezzanine capital to mid-market companies.

Yukon Capital Partners II held a final close at $400 million in November 2014.

Credit Suisse’s Private Fund Group acted as Fund III’s placement agent and Dorsey Whitney and Schiff Hardin provided legal counsel.