Spell Capital Mezzanine Closes Fund III and Rebrands as NorthCoast Mezzanine

Minneapolis, MN, September 2022 – Spell Capital Mezzanine is pleased to announce the successful closing of Fund III, which was oversubscribed and met its hard cap. In conjunction with the launch of Fund III, the senior team acquired the mezzanine business from Spell Capital and has rebranded as NorthCoast Mezzanine. While our name has changed, the team remains dedicated to being a dependable and value-added mezzanine partner with deep industry knowledge and an efficient investment process.

“Our strong track record across over 75 platform investments and exceptional support from new and existing investors resulted in the successful raise of our largest Fund to date. We are proud of the relationships we have built and look forward to continuing to expand our business.” said Stacy Harmsen, Founding Partner.

“We’d like to thank Bill Spell for helping us start the platform in 2011 and appreciate the partnership with Spell Capital over the past 11 years. We are excited to begin the next chapter for our firm.” said Mark McDonald, Founding Partner.

Minneapolis, MN based NorthCoast Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations, and growth initiatives.

NorthCoast Mezzanine will continue to actively manage Fund I and Fund II.

Effective October 1, 2022, our office will move to 60 South 6th Street, Suite 3550, Minneapolis, MN 55402.