Posted on: April 12, 2011
Just as VC fundraising roared back to life in Q1, so did fundraising on the buyout and mezzanine side of the private equity market. PeHUB sister magazine Buyouts this week reported that U.S.-based buyout and mezzanine firms raised $18.3 billion in the first quarter, up 79 percent from $10.2 billion during the same period last year.
Fundraising also grew sequentially, up 36 percent from the fourth quarter. Kohlberg Kravis Roberts & Co. took in a tad over $1 billion for its latest effort in Q1, according to our calculations — but that was only good for seventh place among buyout and mezzanine shops that closed on capital last quarter. Who came out on top? Click through for our slideshow leading you through the top 10.
No. 10: Cortec Group Fund V LP
No. 9: Newstone Capital Partners II LP
No. 8: Insight Venture Partners VII LP
No.7 KKR North American XI Fund
No. 6: Centerbridge Capital Partners II LP
No. 5: Avenue Special Situations VI
No. 4: Mount Kellett Capital Partners II LP
No. 3: KSL Capital Partners III LP
No. 2: EnCap Investments Energy Capital Fund VIII
No. 1: GTCR Fund X LP
Cortec Group
Fund Name: Cortec Group Fund V LP
Amount Raised in Q1: $620M
Target: $500M
Raised to Date: $620M
Focus: Acquisitions/Buyouts
Status: Held final close
Newstone Capital Partners LLC
Fund Name: Newstone Capital Partners II LP
Amount Raised in Q1: $672.3M
Target: $900M
Raised to Date: $672.3M
Focus: Mezzanine
Status: Open
Insight Venture Partners
Fund Name: Insight Venture Partners VII LP
Amount Raised in Q1: $725.1M
Target: $1.4B
Raised to Date: $725.1M
Focus: Mix of minority and control investments. On April 4 the firm announced the fund had closed with just north of $1.5B in commitments, while a co-investment fund secured $450M.
Status: Held final close
Kohlberg Kravis Roberts & Co.Fund Name: KKR North American XI Fund
Amount Raised in Q1: $1.025B
Target: $8B-$10B
Raised to Date: $1.025B
Focus: Aquisitions/Buyouts
Status: Open
Centerbridge Partners LP
Fund Name: Centerbridge Capital Partners II LP
Amount Raised in Q1: $1.057B
Target: $3.75B
Raised to Date: $2.204B
Focus: Acquisitions/Buyouts
Status: Open
Avenue Capital Group
Fund Name: Avenue Special Situations VI
Amount Raised in Q1: $1.170B
Target: $3B
Raised to Date: $2B
Focus: Distressed/Turnaround
Status: Open
Mount Kellett Capital Management LP
Fund Name: Mount Kellett Capital Partners II LP
Amount Raised in Q1: $1.4B
Target: $4B
Raised to Date: $1.4B
Focus: Distressed/Turnaround deals in Asia
Status: Open
KSL Capital Partners
Fund Name: KSL Capital Partners III LP
Amount Raised in Q1: $1.473B
Target: $1.5B
Raised to Date: $1.5B
Focus: Acquisitions/Buyouts
Status: Held final close
EnCap Investments LP
Fund Name: EnCap Investments Energy Capital Fund VIII
Amount Raised in Q1: $1.8B
Target: $2.5B
Raised to Date: $3.5B
Focus: Acquisitions/Buyouts in energy sector
Status: Held final close
GTCR Golder Rauner
Fund Name: GTCR Fund X LP
Amount Raised in Q1: $3.1B
Target: $3B
Raised to Date: $3.25B
Focus: Acquisitions/Buyouts
Status: Held final close
- Slideshow: Top 10 Largest VC Funds Raised in Q1
- Buyout Funds Having Worse Year than VC Funds
- Kayne Anderson Closes $600 Million Mezzanine Fund
- Reuters: Buyout Funds to Shrink in Fundraising Wave
- Lone Star Funds Raised $1.2 Billion for Real Estate Deals
Tags: Avenue Capital Group, Centerbridge Partners LP, Cortec Group, EnCap Investments LP, GTCR Golder Rauner, Insight Venture Partners, Kohlberg Kravis Roberts & Co., KSL Capital Partners, Mount Kellett Capital Management, Newstone Capital Partners
Just as VC fundraising roared back to life in Q1, so did fundraising on the buyout and mezzanine side of the private equity market. PeHUB sister magazine Buyouts this week reported that U.S.-based buyout and mezzanine firms raised $18.3 billion in the first quarter, up 79 percent from $10.2 billion during the same period last year.
