Total fundraising figures for U.S. buyout and mezzanine funds reached $71.95 billion for the year to 1 November, according to figures from Thomson Reuters. This total combines the total for buyout and mezzanine funds only and excludes funds of funds. This figure jumped around 28% for the same period the previous year which stood at $56.3 billion, according to the November 1 issue of Buyouts.
However, the picture is not so rosy comparing figures by the quarter. Buyouts senior editor Greg Roth recently reported in Buyouts that third quarter fundraising by U.S. buyout and mezzanine funds plunged 42 percent to $16.0 billion from the $27.8 billion that was raised in the second quarter, and by 36 percent from the $24.1 billion that was raised in the third quarter of 2010. The total for the third quarter was the lowest quarterly total since the fourth quarter of 2010, according to Buyouts. Buyouts data is based on both interim and final closings.
Out of the top ten buyout and mezzanine fundraisings so far in 2011, six have exceeded their targets. Half of the top ten are dedicated to buyouts and acquisitions, two are distressed/turaround funds, one is mezzanine-focused, one is expansion/growth capital and one is real estate focused which comes in at number two. Scroll down the list to find out which buyout fundraising tops the bill so far this year.
Fund Name: KSL Capital Partners III LP
Fund Type: Acquisitions/Buyouts
Amount Raised in 2011: $1.973 billion
Amount Raised to Date: $2 billion
Target: $1.5 billion
Placement Agent: Probitas Partners