Pine Street Capital raises $33.4m

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Pine Street Capital Partners has raised $33.4 million to date for its Pine Street Capital Partners III, per a SEC filing. The Albany-headquartered firm has set a $50 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $21 million in 2012.

The fund will target subordinated/mezzanine debt opportunities in a diverse number of sectors in the United States.