Bank of Scotland Among Partners Launching U.S. Real Estate Mezzanine Fund

TriLyn LLC and Investcorp announced jointly Monday the formation of a real estate mezzanine fund formed to originate, invest in and hold a wide range of 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 and its clients, as well as Bank of Scotland. Additional capital commitments of up to $50 million may be sought by the partners, according to a statement released today. TriLyn and Investcorp said they intend to leverage the fund, which will create approximately $300 million to $400 million of total investment capital. The fund is the first such venture among TriLyn, Investcorp and Bank of Scotland.