Yukon Partners closes $626M mezzanine fund, unveils new hires

Yukon Partners has closed on a $626 million fund that will invest in mezzanine capital for middle-market companies.

The Yukon Capital Partners IV LP and associated funds will mirror the investment strategy of previous funds, including the $559 million Yukon Capital Partners III fund from 2017, the firm said.

Notably, the firm expanded its investor base for Fund IV, despite the COVID-19 pandemic, to include investors in Asia.

Yukon Partners also announced Adam Moorse, Nathan Weekly and Laura Vanic have joined the firm as associates "bringing valuable experience in investment banking, transaction advisory, accounting and due diligence services to underwriting and portfolio management activities."

Lee Alvarez, senior managing director at Marwood, was hired as a special adviser "to assist with its healthcare-related investments." In addition, Taylor Walters joined the firm's back-office operations as a senior accountant.

Yukon Partners also added an office in West Palm Beach, Fla., and expanded in Minneapolis, the firm said.

Michael Hall, William Diet and Michael Furey are partners at Yukon. Invested capital totals nearly $2 billion across 102 investments since 2000.

Yukon typically invests $10 million to $60 million per transaction in private equity-backed middle-market businesses.