Who We Are
Penn Mezzanine is a premier mezzanine / minority equity firm with a diversified approach, pursuing a wide variety of privately held lower middle market companies including:
- Sponsored and non-sponsored, family-owned, management-owned, and fundless sponsor (or independent sponsor) transactions
- Manufacturers, consumer and business service businesses, value-added distributors, and other companies and industries
- Buyouts, mergers and acquisitions, recapitalizations, debt refinancings, and other types of transactions.
There is no typical investment profile, and each investment is uniquely structured to fulfill the transaction and company situation. However, our mainstream investment goal is to make senior subordinated debt investments with a mezzanine-market cash coupon and warrants for common equity. We also structure our debt investments with some degree of payment-in-kind (PIK) interest. We typically structure our debt investments with maturities ranging from 4-6 years. While every Penn Mezz investment is grounded by a cash interest bearing debt investment, we often invest structured equity alongside our mezzanine loans and sometimes seek to invest common stock.