Northstar Capital, LLC Announces Successful Raise of $500 Million for Parallel Fund Strategy

Northstar Capital, LLC (“Northstar”), a dedicated financing partner to private equity sponsors focused on the lower middle market, is pleased to announce the final close of its parallel fund strategy comprised of Northstar Mezzanine Partners VII L.P. (NMP VII) and Northstar Mezzanine Partners SBIC L.P. (NMP SBIC). Together, NMP VII and NMP SBIC provide Northstar with nearly $500 million of capital to invest in support of small businesses. NMP SBIC is Northstar’s first fund to be licensed as a Small Business Investment Company (“SBIC”) by the U.S. Small Business Administration (“SBA”).

Since its founding in 1993, Northstar has secured nearly $2.0 billion of capital in support of more than 140 small businesses. “The entire Northstar team is grateful for the continued trust and support that our investors have placed in us across three decades,” commented Douglas Mark, Managing Partner. “The Northstar team’s collective experience, dedication to a single, disciplined strategy and performance results resonates within the investor community.”

To date, Northstar has made nine platform investments via NMP VII and NMP SBIC, highlighting the favorable environment for Northstar’s strategy. “The parallel fund strategy is off to a great start, as 2020 presented us with many opportunities to support our sponsor relationships with patient capital and creative financing solutions,” observed Christopher Kocourek, Managing Partner.

Northstar Capital, LLC (www.northstarcapital.com) is an investment management company that specializes in credit strategy funds that originate and manage junior capital investments and equity co-investments in lower middle-market companies. With offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar has secured nearly $2.0 billion in capital alongside private equity firms in support of more than 140 small businesses.

 

Source: Business Wire

 

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