However, private investment vehicles, such as hedge funds, private equity funds, venture capital funds and mezzanine funds, also benefit from the JOBS Act.

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Many private-equity firms have long had mezzanine or distressed-debt funds.

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Further, emerging managers can operate in a number of different asset classes, such as private equity, mezzanine, real estate or hedge funds.

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Sometimes it is just us, sometimes we invest with other community development funds, and sometimes a bank has been the secured lender and we are a mezzanine lender.

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