Yukon Partners has raised at least $113 million towards a stated target of $400 million for its second fund, according to documents filed with the US Securities and Exchange Commission Thursday.
The Minneapolis-based firm specialises in providing mezzanine capital to companies in the US and Canadian mid-markets. Those investments typically range between $10 million and $40 million in size. The firm can provide subordinated debt with warrants, all-coupon subordinated debt, minority equity or preferred stock in support of buyouts, recapitalisations, M&A, public to private buyouts and refinancings.
The filing lists managing partners Michael Hall and William Dietz as managers of the general partnership. Credit Suisse Securities is an associated broker or dealer for the vehicle.
Chief financial officer Corey Peters had not responded to a request for comment at press time.
In January, Yukon announced that it had provided a mezzanine and equity co-investment in Kwik Tek, which is owned by Guardian Capital Partners. Terms of that transaction were not disclosed.