# Bay Capital Mezzanine Management

Bay Capital Mezzanine Management is a Fund of Funds based in Baltimore, United States.

## Overview

- **Organization type:** Fund of Funds
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Assets under management:** Undisclosed
- **Website:** baycapitalmezzanine.com

## Regulatory record

- **CRD number:** 258788
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/258788

## About

BAY CAPITAL MEZZANINE MANAGEMENT, LLC is a registered investment adviser with the Securities and Exchange Commission. It provides investment advisory services to clients.

## Sectors

- Private Credit
- Infrastructure
- Real Estate
- Healthcare Services

## Offices

- Washington, D.C.
- United States

## People

- John C. Erickson — Managing Partner
- Thomas S. Bozzuto — Managing Partner

## Questions

### Who runs investment decisions at Bay Capital Mezzanine Management?

John Erickson and Thomas Bozzuto serve as co-Managing Partners and lead the firm's investment committee. Erickson, a former banker, and Bozzuto, representing the founding family, jointly approve all originated investments. A small team of analysts supports due diligence and portfolio monitoring.

### How does Bay Capital source proprietary deal flow?

Bay Capital relies on relationships with middle-market private equity sponsors, investment banks, and legal advisors in its Mid-Atlantic base. It also receives flow through its Bozzuto family network, including real estate and operating-company contacts. The firm is not a 'barbell' buyer of syndicated loans and does not compete in broadly syndicated loan markets.

### Does Bay Capital participate in fund commitments or only direct deals?

Bay Capital primarily originates direct mezzanine debt investments, but it has also committed capital to select third-party mezzanine funds managed by other firms. This fund-of-funds activity supplements its direct lending and provides portfolio diversification.

### What sectors does Bay Capital explicitly avoid?

Bay Capital generally avoids high-tech start-ups, early-stage biotech, pure oil & gas exploration, and consumer retail. It prefers business services, healthcare, government contracting, infrastructure, and select real estate-related mezzanine—industries where cash flows are predictable and collateral values are tangible.

## Related profiles

- [Ahmeti Wealth Management](https://altss.com/profile/ahmeti-wealth-management-llc)
- [Cresap Inc.](https://altss.com/profile/cresap-inc)

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Last updated: 2026-08-14T12:30:00.000Z

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