Yukon Partners said Nov. 29 that its latest fund closed at its $558.7 million hard cap. Yukon Capital Partners III LP will provide mezzanine capital to middle market businesses primarily in transactions controlled by private equity sponsors. Credit Suisse’s Private Fund Group acted as placement agent for Fund III, while Dorsey Whitney and Schiff Hardin served as legal counsel.
MINNEAPOLIS, MN (November 29, 2017) – Yukon Partners (Yukon) is pleased to announce the final closing of Yukon Capital Partners III, L.P. and its associated parallel funds (collectively “Fund III”). Fund III has achieved its hard fundraising cap of $558.7 million in total capital commitments.
Since its inception in 2008, Yukon has raised over $1.2 billion in total capital commitments across three funds. Fund III will be invested by Yukon’s partner group; Michael Hall, William Dietz, and Michael Furey who combined, have executed more than 81 investments representing over $1.3 billion of invested capital since 2000.
Fund III continues Yukon’s mission of providing mezzanine capital to middle market businesses primarily in transactions controlled by private equity sponsors. “Since founding Yukon, we have remained focused on our middle market niche and have consistently generated attractive investments across all business cycles,” stated William Dietz, Managing Partner of Yukon. Fund III has invested $85 million through three completed transactions since the fund began investing in June 2017.
“We are pleased to have the opportunity to continue investing on behalf of our loyal and supportive investor base, and excited to work with our new limited partners participating in Fund III. Investors include both domestic and international pension funds, insurance companies, endowments, foundations, consultants, and family offices,” said Michael Hall Managing Partner of Yukon.
Dorsey Whitney and Schiff Hardin served as legal counsel and Credit Suisse’s Private Fund Group acted as an advisor and exclusive placement agent for Fund III.
ABOUT YUKON PARTNERS
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests $10 to $50 million per transaction. Yukon Partners is based in Minneapolis, Minnesota. For more information, please visit www.yukonpartners.com.