U.S.-based buyout and mezzanine fundraising lags behind last year’s fast start, despite almost doubling over the last two weeks. The year-to-date total stands at $6.7 billion.
BDT Capital Partners secured an additional $520 million for its sophomore fund, giving it more than $5.7 billion in total commitments. Neuberger Berman held a final close at the $1.5 billion hard cap for its third co-investment fund after pooling $576 million in the new year. TC Growth Partners wrapped up its eponymous debut fund, collecting $300 million to meet its target. True Wind Capital is halfway towards its $400 million goal on its debut fund. The firm is a tech-focused outfit founded by two former KKR execs.
According to a pair of SEC filings, One Equity Partners has raised $600 million for OEP VI, but the filings didn’t list a target. NewPort Global Advisors, a distressed credit-specialist, has gotten about $440 million in commitments for Newport Global Opportunities Fund I-A. On the mezzanine front, Newstone Capital Partners has hit the fundraising trail, seeking $800 million for its latest mezzanine fund.
The past two weeks saw a big jump in deal volume. The Blackstone Group was responsible for one of the largest deals, buying out the entire share capital of BioMed Realty Trust Inc. Blackstone closed on the San Diego-based investment trust for nearly $7.8 billion. Next up, was Starwood Capital Group Global, which acquired Tampa-based Landmark Apartment Trust Inc for $550.8 million.
Additional Data
IPO AFTERMARKET REPORT FOR SELECT BUYOUT-BACKED COMPANIES THAT WENT PUBLIC IN 2015-2016
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