CapVent, the private equity fund of funds adviser, plans to launch a fund investing in US mezzanine and expansion capital. CapVent is attracted to the market by improved mergers and acquisitions opportunities and a scarcity of bank capital for lower middle-market companies.

The CapVent Current Income fund will use instruments such as subordinated debt and preferred equity and invest exclusively in US funds.

News in brief: CapVent plans US mezzanine fund

Merlin Entertainments

Audit watchdog sticks with flexible working amid Canary Wharf office shift

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Gold Higher as U.S. Economy is Seen Stalling

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