Firm: Hancock Capital Management LLC
Fund: Hancock Capital Partners IV LP
Target: $500 million
Amount Raised: $342 million
Ready to capitalize on the credit crunch,
With Fund IV the firm plans to continue investing $10 million to $50 million in established businesses looking for growth capital, capital for recapitalizations or financing for acquisitions. Beyond mezzanine, the firm employs a bevy of investment strategies, making direct equity investments in companies and providing capital commitments to other buyout firms, preferably long-term co-investment opportunities, according to its Web site. Prior investors in Hancock Capital Management’s mezzanine funds include
Hancock Capital Management is part of Boston-based MFC Global Investment Management, the asset management division of Manulife Financial, a Canadian financial services company. Stephen Blewitt, a senior managing director of Hancock Capital Management LLC and John Hancock Life Insurance Co., leads Hancock’s mezzanine investment program. The firm has offices in New York and Boston.
The firm has been managing mezzanine funds since 1998, beginning with