Mistral Equity Wrapping Up Debut Fund
Mistral Equity Partners, the new firm created by alumni of Trimaran Capital Partners, has all but closed its debut fund, peHUB has learned. The effort started out in September 2007 with an anchor commitment from Schottenstein Group and its sights on $500 million. Since then the fundraising market has basically fallen apart and I’m sure Mistral’s focus on consumer products in a recession hasn’t helped. To date, the firm has closed on just under $300 million in funding. The fund will remain open until June 30 for any straggler investors who may come in at the last minute. Forum Capital is the fund’s placement agent. I called Andrew Heyer, the firm’s Managing Partners, for comment. He said, “We’re very
16 April 2009•2 mins read
