Daily News: November 21, 2013

Bloomberg: Intermediate Capital and Nomura Set Up Japanese Mezzanine Fund

Bloomberg reported Intermediate Capital Group and Nomura Holdings agreed to set up a mezzanine debt fund in Japan, citing increased demand as the world’s third-largest economy recovers.

Bloomberg said Intermediate Capital, a London-based provider of financing for private-equity firms, and Nomura will allocate $99.3 million (10 billion yen) apiece to the fund.

To read the entire Bloomberg article, click here.