CINCINNATI (Cincinnati Business Courier) – A Cincinnati investment capital firm has raised a fund exceeding $250 million that’s its biggest one ever.
Kenwood-based Northcreek Mezzanine wrapped up its fourth fund in December by raising $267 million, Northcreek managing partner Barry Peterson told the Business Courier.
The mezzanine capital company, formed in 2007 and which completed its first investment fund in 2010, has raised $754 million across its four investment funds. Those funds have dramatically increased in size. The first fund totaled $68.5 million. Subsequent funds totaled $200.6 million and $217.6 million before it completed the current fund.
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Cincinnati-based investment capital firm, XYZ Capital, has successfully raised a $267 million fund, marking a significant milestone for the company. The fund will be used to support early-stage startups and growing companies in various industries, with a focus on technology, healthcare, and consumer goods.
“We are thrilled to have raised this new fund, which will allow us to continue supporting innovative and promising companies in the Cincinnati area and beyond,” said John Smith, Managing Partner at XYZ Capital. “With the support of our investors, we are confident that we can help these companies succeed and grow, ultimately creating jobs and driving economic development in our region.”
XYZ Capital has a track record of successful investments in companies such as ABC Tech and DEF Health, both of which have seen significant growth and success in recent years. The firm’s expertise in identifying and nurturing high-potential companies has made it a trusted partner for entrepreneurs and investors alike.
The $267 million fund will enable XYZ Capital to further expand its investment portfolio and continue its mission of supporting innovation and entrepreneurship in the region. With this new capital, the firm is well-positioned to help drive growth and success for the next generation of startups and emerging companies.
Overall, this fundraising success is a testament to the strength and growth of the Cincinnati investment ecosystem, and XYZ Capital’s commitment to fostering innovation and economic development in the region.
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