Business Services Industry

Chicago Observer: Empty mezzanine seats at Blair as show closes for capital group.(Briefs)(William Blair & Co. LLC.)

Crain's Chicago Business, October, 2003 by Strahler, Steven R.

Byline: Steven R. Strahler The defections keep mounting at William Blair & Co. LLC. Its mezzanine capital partners group is bolting, according to Blair sources, dealing a blow to the LaSalle Street institution's effort to retain proven producers who think they can do better on their own (Crain's, Feb.

3). The unit provides debt financing to mid-sized clients and is assembling a fourth fund totaling $400 million to $500 million after raising as much as $650 million in three earlier funds, these sources say. "It's basically a more-secured way to invest in private companies,'' says a Blair alum familiar with the group. "It's not only a profit center in itself, but it feeds other areas of the firm including money management relationships.'' At issue,...

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