Recent News
10.31.11 PRESS RELEASE: InvestMichigan! Mezzanine Fund invests in Wixom, Mich.-based DANTOM Systems more
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About the InvestMichigan! Mezzanine Fund
Transaction Structure
The InvestMichigan! Mezzanine Fund provides mezzanine debt or equity to companies seeking capital for ownership transitions, business expansions, leveraged buyouts, recapitalizations and refinancings. Transactions by the Fund will be typically structured as follows:
Base Security: Subordinated debt or equity
Coupon: A cash payment reflective of current market conditions plus additional payment-in-kind interest or dividends
Maturity: Subordinated notes' maturity will range from 5 to 7 years
Equity Features: Equity like securities may be included depending on the risk characteristics of the transaction and current market conditions
Board Representation: The Fund may have board representation or observation rights




