TriLyn LLC and Investcorp announced jointly Monday the formation of a real estate mezzanine fund formed to originate, invest in and hold a wide range of structured mezzanine and other high-yielding debt and preferred equity investments in U.S. commercial and residential real estate. The fund was established with $100 million in initial capital commitments from affiliates of Investcorp and its clients, as well as Bank of Scotland. Additional capital commitments of up to $50 million may be sought by the partners, according to a statement released today. TriLyn and Investcorp said they intend to leverage the fund, which will create approximately $300 million to $400 million of total investment capital. The fund is the first such venture among TriLyn, Investcorp and Bank of Scotland.
Bank of Scotland Among Partners Launching U.S. Real Estate Mezzanine Fund
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