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Merit Capital Partners is a new firm with
a long history. The firm was founded in 1993 through a
partnership with William Blair & Company. Known as William
Blair Mezzanine Capital Partners, the firm raised and
invested over $615 million of committed capital through three
institutionally sponsored limited partnerships.
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William Blair Mezzanine Capital Fund
III, L.P., a $311,000,000 limited partnership formed in
1999 - fully invested in 15 portfolio companies
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William Blair Mezzanine Capital Fund
II, L.P., a $190,000,000 limited partnership formed in
1997 - fully invested in 15 portfolio companies
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William Blair Mezzanine Capital Fund,
L.P., a $114,650,000 limited partnership formed in 1993
- fully invested in 13 portfolio companies
In November of 2003, the individual members of
William Blair Mezzanine Capital Partners formed an
independent entity, Merit Capital Partners, in conjunction
with the raising of our fourth fund:
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Merit Mezzanine Fund IV, L.P., a
$455,000,000 limited partnership formed in 2004
While the name changed, the professionals remained
the same and our investment philosophy, which served us well
in our first 10 years, continues to be the same. Merit
Capital Partners remains responsible for managing the first
three William Blair Mezzanine funds. We continue to monitor
those investments and look for opportunities to enhance
value in our portfolio companies. Additionally, we seek new
investments for Merit Capital Fund IV.
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