New York Life Capital Raising $1 Billion Mezz Fund

New York Life Capital Partners is raising upwards of $1 billion for its third mezzanine fund, according to a regulatory filing. Southridge Investment Group is listed as a placement agent.

NYLCP closed its second mezz fund in 2006, with $800 million in capital commitments. It manages over $6.8 billion in total assets, including direct private equity, mezzanine and limited partner stakes in third-party PE funds. www.nylim.com