November 3, 2014 – Yukon Partners (Yukon) is pleased to announce the final closing of Yukon Capital Partners II, L.P. (Fund II) with $400 million of total capital commitments. Fund II completed fundraising at its hard cap, substantially exceeding its initial $300 million target.
Since its inception in 2008, Yukon has raised over $640 million in total capital commitments across two funds. Yukon is led by founding partners Michael Hall and William Dietz, who together have executed more than 55 investments representing over $820 million of invested capital since 2000. Fund II represents the fourth fund Mr. Hall and Mr. Dietz have invested together.
Fund II continues Yukon’s mission of providing mezzanine capital to middle market businesses primarily in transactions controlled by private equity sponsors. “Since founding Yukon, we have remained focused on our middle market niche and have consistently generated attractive investments across all business cycles,” stated William Dietz. Fund II has invested $70 million through five completed transactions since the fund began investing in December 2013.
“We are pleased to have the opportunity to continue investing on behalf of our loyal and supportive investor base, and excited to work with our new limited partners participating in Fund II. Investors include both domestic and international pension funds, insurance companies, endowments, foundations, consultants, and family offices,” said Michael Hall.
Squire Patton Boggs served as legal counsel and Credit Suisse Asset Management’s Private Fund Group acted as an advisor and exclusive placement agent for Fund II.
Yukon Partners is an independent and unaffiliated mezzanine firm primarily serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon Partners is based in Minneapolis, Minnesota. For more information, please visit www.yukonpartners.com.