U.S.-based buyout and mezzanine fundraising have been red hot since Buyouts last went to press. In a torrid rush to the end of the year, private equity firms stacked up $16 billion more in commitments to bring the 2017 total to $231.3 billion — the highest yearly amount in nearly a decade. They’ve also taken no time off in 2018, already gathering $14.5 billion thus far. Compared with the beginning of last year, 2018 leads by $13.1 billion.
Los Angeles-based LightBay Capital closed its debut fund on an oversubscribed $615 million in commitments. LightBay Investment Partners had an original target of $450 million. Transom Capital, another Los Angeles firm, raised $300 million for its third primary fund.
The majority of 2018’s action came from Carlyle Group‘s latest SEC filing. The firm collected more than $13.1 billion for Carlyle Partners VII, a megafund seeking $15 billion.
Dealmaking closed 2017 by adding $6.2 billion to its aggregate, wrapping up the year with $200.7 billion in value. The opening of 2018 saw $2 billion in deal value, behind the $4.9 billion of this time a year ago.
In a real estate deal, Blackstone Group bought the share capital of HI Partners Holdco Value Added Sl, a Barcelona-based hotel operator, for $744.2 million.
I Squared Capital Advisors started the new year by acquiring the Caribbean and Latin America business of Inkia Energy Ltd, an electric power generation facility operator, for just under $2 billion.
Additional Data
IPO REGISTRATIONS BY SELECT PRIVATE EQUITY-BACKED COMPANIES IN 2017 YTD
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