Escalate Capital Closes on $235 Million Fund

Escalate Capital Partners, an Austin, TX-based mezzanine investor, has closed on a $235 million fund, the firm said in a written statement today. Aptly named Escalate Capital III, the fund is the firm’s third and its largest.

Escalate focuses on high-growth, later stage tech companies, from software as a service to healthcare. It typically invests $3 million to $15 million, and has plugged $500 million into more than 60 companies since it was founded in 2005, according to the statement.

The firm has invested nationally in companies such as Louisville, CO-based Market Force and New York-based Everyday Health, as well as in Austin with HomeAway and RetailMeNot.

Mezzanine investments can be debt, which are sometimes subordinate to other debt. They can also have equity components, however.

Escalate also promoted Chris Julich to managing director and Ryan Sanders to principal, the statement said.

David Holley is Xconomy's national correspondent based in Austin, TX. You can reach him at dholley@xconomy.com Follow @xconholley

Trending on Xconomy