PineBridge Investments said April 4 it closed its latest structured capital fund at $600 million, surpassing the pool’s $500 million target. PineBridge Structured Capital Partners III LP will invest in junior capital securities including mezzanine debt and structured equity issued by privately-owned middle market companies across all sectors in North America. New investors include major institutions in the US as well as Europe, the Middle-East and Asia.
New York, NY – 4 April 2016 – PineBridge Investments (“PineBridge”), the global multi-asset class investment manager, today announced the final close for PineBridge Structured Capital Partners III, L.P. (together with parallel partnerships, the “Fund”). PineBridge completed the fundraising in March with US $600 million of aggregate capital commitments, surpassing its planned target amount of US $500 million. The Fund will invest in junior capital securities including mezzanine debt and structured equity issued by privately-owned middlemarket companies across all sectors in North America. F.T. Chong, Managing Director and Head of PineBridge Structured Capital, stated, “We are committed to being reliable and flexible providers of junior capital to middle market companies. We are pleased with the positive reception for our Fund. Most of the Limited Partners from our prior fund have signed up for this Fund and new investors include major institutions in the US as well as Europe, the Middle-East and Asia.” About PineBridge Investments PineBridge Investments is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. Our firm is differentiated by the integration of on-the-ground investment teams of approximately 220 professionals, providing investors with the combined benefits of global fundamental perspectives and analytical insights. We manage US$84.5 billion as of 31 December 2015 for a global client base that includes institutions, insurance companies, and intermediaries.