Darby Closes Euro Mezz Fund

Darby Overseas Investments Ltd. has closed its “Converging Europe Mezzanine Fund” with EUR 248 million ($340m) in capital commitments. Following the expected refinancing of a EUR 65 million bridge loan, the fund size is expected to exceed EUR 300 million. It will focus on mezzanine opportunities in Central and Eastern Europe, and already has made five investments.