Mezzanine debt is a more effective financing tool than equity when companies have cash flow but lack collateral to attract senior debt, and Merion is seeking opportunities to invest between $3 million and $10 million of mezzanine debt and equity in companies to support their growth. The fund will co-invest equity alongside private equity groups and is comfortable investing in equity sponsored deals as well as non-sponsored deals. Merion has a long history of providing creative structural solutions in private transactions in the lower middle market, resulting in a portfolio with average revenue growth of over 115% during Merion’s partnership.