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Slideshow: Top 10 Buyout/Mezzanine Funds Raised in Q1

Just as VC fundraising roared back to life in Q1, so did fundraising on the buyout and mezzanine side of the private equity market. PeHUB sister magazine Buyouts this week reported that U.S.-based buyout and mezzanine firms raised $18.3 billion in the first quarter, up 79 percent from $10.2 billion during the same period last year.

Fundraising also grew sequentially, up 36 percent from the fourth quarter. Kohlberg Kravis Roberts & Co. took in a tad over $1 billion for its latest effort in Q1, according to our calculations — but that was only good for seventh place among buyout and mezzanine shops that closed on capital last quarter. Who came out on top? Click through for our slideshow leading you through the top 10.

[slideshow]
[slide title=”No. 10: Cortec Group Fund V LP”]

Cortec Group

Fund Name: Cortec Group Fund V LP

Amount Raised in Q1: $620M

Target: $500M

Raised to Date: $620M

Focus: Acquisitions/Buyouts

Status: Held final close

[slide title=”No. 9: Newstone Capital Partners II LP”]

Newstone Capital Partners LLC

Fund Name: Newstone Capital Partners II LP

Amount Raised in Q1: $672.3M

Target: $900M

Raised to Date: $672.3M

Focus: Mezzanine

Status: Open

[slide title=”No. 8: Insight Venture Partners VII LP”]

Insight Venture Partners

Fund Name: Insight Venture Partners VII LP

Amount Raised in Q1: $725.1M

Target: $1.4B

Raised to Date: $725.1M

Focus: Mix of minority and control investments. On April 4 the firm announced the fund had closed with just north of $1.5B in commitments, while a co-investment fund secured $450M.

Status: Held final close

[slide title=”No.7 KKR North American XI Fund”]

Kohlberg Kravis Roberts & Co.

Fund Name: KKR North American XI Fund

Amount Raised in Q1: $1.025B

Target: $8B-$10B

Raised to Date: $1.025B

Focus: Aquisitions/Buyouts

Status: Open

[slide title=”No. 6: Centerbridge Capital Partners II LP”]

Centerbridge Partners LP

Fund Name: Centerbridge Capital Partners II LP

Amount Raised in Q1: $1.057B

Target: $3.75B

Raised to Date: $2.204B

Focus: Acquisitions/Buyouts

Status: Open

[slide title=”No. 5: Avenue Special Situations VI”]

Avenue Capital Group

Fund Name: Avenue Special Situations VI

Amount Raised in Q1: $1.170B

Target: $3B

Raised to Date: $2B

Focus: Distressed/Turnaround

Status: Open

[slide title=”No. 4: Mount Kellett Capital Partners II LP”]

Mount Kellett Capital Management LP

Fund Name: Mount Kellett Capital Partners II LP

Amount Raised in Q1: $1.4B

Target: $4B

Raised to Date: $1.4B

Focus: Distressed/Turnaround deals in Asia

Status: Open

[slide title=”No. 3: KSL Capital Partners III LP”]

KSL Capital Partners

Fund Name: KSL Capital Partners III LP

Amount Raised in Q1: $1.473B

Target: $1.5B

Raised to Date: $1.5B

Focus: Acquisitions/Buyouts

Status: Held final close

[slide title=”No. 2: EnCap Investments Energy Capital Fund VIII”]

EnCap Investments LP

Fund Name: EnCap Investments Energy Capital Fund VIII

Amount Raised in Q1: $1.8B

Target: $2.5B

Raised to Date: $3.5B

Focus: Acquisitions/Buyouts in energy sector

Status: Held final close

[slide title=”No. 1: GTCR Fund X LP”]

GTCR Golder Rauner

Fund Name: GTCR Fund X LP

Amount Raised in Q1: $3.1B

Target: $3B

Raised to Date: $3.25B

Focus: Acquisitions/Buyouts

Status: Held final close

[/slideshow]