Culled from regulatory filings, here are some recent private equity and venture fundraising updates.
Centerbridge Partners, the secretive buyout firm that joined some of the largest firms in their buyout of BankUnited, has raised $467.1 million for a fund called Centerbridge Special Credit Partners LP. Based in New York City, the firm is run by Jeffrey Aronson and Mark Gallogly. The firm’s first buyout fund, called Centerbridge Partners LP, closed in 2006 with an undisclosed size. The firm’s latest special credit fund has 37 investors and is using Park Hill as a placement agent. The target is not disclosed.
Domain Associates, a venture firm based in Princeton, N. J., has raised $371 million toward an indefinite target for its eighth fund, Domain Partners VIII LP. The firm invests in emerging life sciences companies. http://www.domainvc.com/
Pathway Capital Management, a private equity fund of funds based in Irving, Calif., has raised $290 million from 12 investors for its 2008 fund, which has a $500 million target. The fund, called Pathway Private Equity Fund 2008 LP, commits to funds that have an average size of $300 million. http://www.pathwaycapital.com/
Foundation Medical Partners, a health care and technology venture firm based in Rowayton, Conn.,j has raised $58.5 million from six investors for its third fund. The firm seeks to raise a total of $150 million for the effort, called Foundation Medical Partners III LP. http://www.foundmed.com/index.html
Insight Equity, a Dallas, Texas-based turnaround buyout firm, has closed on $312.5 million in commitments from 18 investors for its second fund, which has a $500 million target. The firm has retained UBS as an advisor. Read more about Insights graduated carried interest plan here. The firm has also raised $99 million from 28 investors for its first ever mezzanine fund, Insight Equity Mezzanine I LP. That effort has a $250 million target. The firm has been marketing both efforts since last fall.
Aurora Resurgence, a Los Angeles-based private equity firm, has raised $2.9 million for its first fund, Aurora Resurgence Associates LP. http://www.aurorares.com/
TGap Ventures, a venture firm based in Kalamazoo, Mich., has raised $15.9 million toward its $30 million goal on its second fund, TGap Venture Capital Fund II LP. http://www.tgapventures.com/
Mercury Capital Partners, a buyout firm based in Buffalo, N.Y., has raised $5.1 million to invest in companies in the media, communication, and entertainment industries. http://www.mercurycapitalpartners.com/index.html