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Alternative Market Briefing

Austin-based Escalate Capital Partners raises $282m for the fourth and largest fund

Wednesday, October 09, 2019

Laxman Pai, Opalesque Asia:

Austin-based Escalate Capital Partners has announced the first close of its fourth and largest fund, Escalate Capital IV, in which it raised $282 million to provide loans to "venture and growth capital-backed companies."

The mezzanine firm focused on investments in late-stage technology companies is bringing high-profile limited partners to the Austin investment action, including JP Morgan Asset Management, UTIMCO and Regions Bank. The fund has a hard cap of $290 million.

"We are appreciative of the confidence our limited partners have shown in our team and investment strategy," said Ross Cockrell, Managing Director.

Escalate IV's core investment strategy continues to be lending to venture and growth capital-backed companies within the technology, services, and healthcare industries across the U.S. Additionally, Escalate IV will expand upon a complementary equity investment strategy seeking to make $1m - $2m equity investments in existing fund portfolio companies to finance their growth.

"The complementary equity investment strategy expands our toolbox and augments the firm's 15-year history of providing flexible capital solutions," said Chris Julich, Managing Director.

Escalate Capital Partners also announced the hirings of Travis Wood as a Director and Brendan Scher as an Associate, as well as the promotion of Chris Hall to Principal.

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