Investor Type | Firm |
Type of Fund | Private Equity Fund |
Industries | Other • IT (& TMT) • Media • Businesses Solutions • Energy • HealthTech (& Fitness) • Logistics (& Distribution) • Aerospace (& Defense) |
Stages | Expansion, MBO/LBO, Acquisition, Recapitalization, Corporate Divestiture |
Investing | United States |
Alcentra Capital Corporation, operating under the name Assurance Mezzanine Fund, is a private equity fund that specializes in providing customized growth solutions to profitable, lower-middle-market companies across a broad range of industries, specifically excluding real estate and oil and gas exploration sectors. The firm is headquartered in Orlando, Florida, and prides itself on a portfolio of services including Equity and Mezzanine investments. Alcentra aims to support businesses through various transformative phases, such as expansion, management buyouts (MBO/LBO), acquisitions, recapitalizations, and corporate divestitures. With investment criteria targeting experienced management teams, operational maturity, and established profitability, Assurance Mezzanine seeks companies with an EBITDA of $1 to $10 million and offers financing ranging from $3 to $20 million, with the capability to syndicate larger transactions. The fund strategizes on investments that may include growth capital, acquisition financing, management buyouts, transactions that provide shareholder liquidity, corporate divestitures, non-sponsored and sponsored-led transactions. Their financing structure is aligned with their specialties, offering mezzanine debt or preferred equity investments with terms that generally begin interest-only, followed by a flexible amortization schedule, and anticipate a holding period of 3 to 5 years. Alcentra commits to responding to financing requests promptly and, if not aligned with their criteria, endeavors to refer prospects to suitable alternative capital sources.