U.S.-based buyout and mezzanine fundraising hit another swell in the past two weeks. Since Buyouts last went to press, the yearly total grew by $8.4 billion. Thus far in 2017, $105.7 billion has been raised, leading the year-earlier total by $33.2 billion, or 46 percent.
Kohlberg Kravis Roberts held a final close on its third Asian-Pacific investment pool. KKR Asian Fund III reached $9.3 billion in commitments, ahead of its original aim of $7 billion.
Aurora Capital Group wrapped-up the largest fund it has ever raised. Aurora Equity Partners V amassed $1.2 billion, finishing above a $800 million target and $1 billion hard cap.
Perella Weinberg Partners: PWP Growth Equity Fund II, the second growth fund for the firm, hit its hard cap of $750 million and closed.
Vx Capital Partners is a new firm dedicated to acquiring mid-life narrow-body jets and converting them to cargo configuration from passenger. Its debut, Vx Freighter Investment Fund, closed at an oversubscribed $107 million.
The pace of deal-making remains strong. The 2017 total grew $5.5 billion over the past two weeks. The yearly aggregate now sits at $81.2 billion, trailing 2016’s total by only $1.7 billion, or 2.1 percent.
A pair of deals cleared the billion-dollar hurdle. An investor group of Advent International and Bpifrance SA inked the largest deal. They acquired Safran Identity & Security SAS, a provider of security systems, for more than $2.7 billion.
Blackstone Group was next up with its buyout of Solvay Acetow GmbH, a German maker of cellulosic organic fibers, for almost $1.1 billion.
Additional Data
IPO AFTERMARKET REPORT FOR SELECT BUYOUT-BACKED COMPANIES THAT WENT PUBLIC IN 2017
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