U.S.-based buyout and mezzanine fundraising brought in $6.1 billion since Buyouts last went to press. Thus far in 2017, private equity firms raised $192.4 billion, leading this time a year ago by $29.9 billion, or 18.4 percent.
Glendon Capital Management held the major close over the past two weeks. The Santa Monica, California, shop held the final close on its sophomore distressed offering at $2.5 billion.
Crestline Investors, a specialist in credit and opportunistic investments, finalized its Opportunity Fund III on $1.34 billion.
Making hay in middle market and growth, Seidler Equity Partners reached $540 million in commitments for its sixth vehicle.
Ridgemont Equity Partners closed on its companion pool, Energy Opportunity Fund, with $320 million in commitments. EOF is a companion fund to Ridgemont’s second flagship, Ridgemont Equity Partners II.
Dealmaking remained at its steady pace, watching its total grow by $3.6 billion for the second week in a row. The yearly aggregate now sits at $165.9 billion, ahead of 2016’s total by $30.6 billion, or 22.6 percent.
While no deals with disclosed value hit $1 billion, Thoma Bravo came closest. The Chicago firm acquired the website-certification business of Symantec for $950 million.
Canyon Bridge Capital Partners followed by buying the share capital of Imagination Technologies Group, a semiconductor maker, for about $746 million. After that came Genstar Capital’s acquisition of Institutional Shareholder Services, a provider of proxy research services, for $720 million.
Additional Data
IPO REGISTRATIONS BY SELECT PRIVATE EQUITY-BACKED COMPANIES IN 2017 YTD
Ratings Wrap-Up (October 25, 2017 – November 7, 2017)
Lincoln International’s Snapshot View on Loan Pricing and Terms
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