*** Smith Whiley, a mid-market mezz fund, has raised $90 million on its way to $200 million. Buyouts has the scoop.
*** Primus Capital Funds is nearing a final close on its fourth fund. The firm will exceed its $250 million target, a source said.
*** Wind Point Partners is raising for its 7th fund, Wind Point Partners VII LP. A first close, slated for late July, will be larger than its entire last $700 million fund. That 6th fund was raised in 2005 but didn’t begin investing until 2006. Last year the firm did 5 deals and around 15 add-ons; sixty percent of Wind Point’s deals are add-ons.
*** Tene Capital is raising $130 million from North American and European investors for the second half of its second mezzanine fund. The Tel Aviv-based fund invests in Israeli tech and kibbutz companies.
*** Nautic Partners is seeking $1.2 billion for its sixth fund. Credit Suisse is the firm’s placement agent.
*** Wynnchurch Capital is pre-marketing its third fund, Wynnchurch Capital Partners III LP. According to one source the firm has “stabilized” after some rockiness and will likely seek as much as $150 million more than its last fund, which was $300 million.
*** Pomona Capital should be nearing the close of its $1.2 billion secondaries fund, which was slated to close in June. It’s listed on the firm’s website as a 2008 fund, so I’m guessing they’re already deploying it, but there’s been no formal announcement of the close.
*** Lovell Minnick recently held a first close on its third fund, which Buyouts reported to be seeking $350 million in February. Twin Bridge Capital Partners and WP Global Partners are among funds that committed to the financial services-focused LBO shop. Credit Suisse is acting as the firm’s placement agent.
*** Northstar Capital is closing its 5th mezzanine fund next week. See the details here.
*** Avista Capital Partners is approaching a first close. Read more about it here.