TriLyn, Investcorp Launch RE Mezzanine Fund

TriLyn LLC, a provider of investment advisory and capital placement services, and Investcorp, a global investment group, have announced the initial closing of TriLyn-Investcorp Mezzanine Partners I LP, a real estate mezzanine fund.The companies said the fund will originate, invest in, and hold structured mezzanine and other high-yielding debt and preferred equity investments in U.S. commercial and residential real estate. The fund was established with $100 million in initial capital commitments from affiliates of Investcorp (the parent company of SourceMedia, the publisher of National Mortgage News) and its clients as well as the Bank of Scotland. Further capital commitments of up to $50 million may be sought by the partners. TriLyn and Investcorp intend to leverage the fund, which will create approximately $300-400 million of total investment capital, the companies said. TriLyn will be responsible for the day-to-day management of the fund. TriLyn, based in Greenwich, Conn., can be found online at http://www.trilyn.com, and Investcorp, whose real estate team is based in New York, can be found at http://www.investcorp.com.