Mezzanine Debt: What the Heck Is It?
As an investment banker in the ’80s and ’90s, and again today, I have spent a large part of my career placing private equity and mezzanine debt. And in the latter part of the 1990s, I ran the largest provider of mezzanine debt in the nation in amounts less than $5 million. We built a portfolio of hundreds of investments that was worth about $1 billion. But I find that CEOs and CFOs with whom we interact still don’t completely grasp the nature of mezzanine capital. And justifiably, for if you haven’t done a few of these financings, the nuances are hard to understand. But for cash flowing companies, it is a really good form of capital and worthy of a close look if you need money. Check out our white paper: TCA_Library_Mezzanine Debt