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Answers · Glossary · live dataset
Mezzanine debt is subordinated capital that sits between senior debt and equity — higher-cost than senior debt but cheaper than dilution, often carrying an equity kicker such as warrants. TerraNova currently tracks 451 active funds with a Mezzanine mandate.
Figures from the researched book · updated Sep 14, 2026 · refreshed daily · rendered Sep 15, 2026
451
Active funds with this structure
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