Article: 'Mezzanine' debt funds get bigger role in LBOs MARKETPLACE by Bloomberg

Sree Vidya Bhaktavatsalam and Jason Kelly Bloomberg News
International Herald Tribune
12-14-2007
'Mezzanine' debt funds get bigger role in LBOs MARKETPLACE by Bloomberg
Byline: Sree Vidya Bhaktavatsalam and Jason Kelly Bloomberg News
Edition: 4
Section: FINANCE/BUSINESS

BOSTON --

Jason Kelly reported from New York.

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The U.S. finance firms Goldman Sachs, TCW and New York Life Capital Partners are raising more than $30 billion to increase their investments in leveraged buyouts via so-called mezzanine debt funds.

Those 3 firms are among at least 32 that are starting mezzanine debt funds as investors shun bonds and loans used to finance LBOs out of concern that the collapse of prices for ...

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