Caltius Mezzanine Closes $300 Million Fund III.

LOS ANGELES -- Caltius Capital Management is pleased to announce the first and final closing of its third mezzanine fund, Caltius Partners III, LP, with aggregate capital commitments of $300 million. The closing exceeded the fund's target size of $250 million.

The fund's limited partners include a diverse group of U.S. and European-based public and corporate pension funds, funds-of-funds, insurance companies, commercial banks, foundations, endowments, and high net worth individuals.

"We consider hundreds of funds annually and believe Caltius to be of the highest quality with a proven investment strategy and a great team," said Dennis McCrary, head of the U.S. Partnership Team at Adams Street Partners, a Chicago-based global fund-of-funds. "We are excited to enter into this long term relationship with Caltius."

"We are extremely pleased to have such a high caliber group of limited partners express confidence in Caltius," said Jim Upchurch, CEO of Caltius. "We continue to see excellent mezzanine investment opportunities in the lower middle market and are excited to put the new fund to use, employing the investment strategy that generated success for our first two funds."

Lazard Freres & Co. LLC was the exclusive placement agent for the limited partnership interests.

About Caltius Mezzanine

Since 1997, Caltius Mezzanine has been a reliable financial partner to management teams and equity sponsors, providing capital in amounts of $5 to $30 million for companies in a broad range of industries to support acquisitions, recapitalizations, buyouts and organic growth. The cornerstones of Caltius' culture are professionalism, integrity, and a long term approach to both investments and relationships. For more information about Caltius Mezzanine, please visit the Fund's website at www.caltiusmezzanine.com.