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Top 10 U.S. Buyout and Mezz Fundraisings YTD

Total fundraising figures for U.S. buyout and mezzanine funds reached $71.95 billion for the year to 1 November, according to figures from Thomson Reuters. This total combines the total for buyout and mezzanine funds only and excludes funds of funds. This figure jumped around 28% for the same period the previous year which stood at $56.3 billion, according to the November 1 issue of Buyouts.

However, the picture is not so rosy comparing figures by the quarter. Buyouts senior editor Greg Roth recently reported in Buyouts that third quarter fundraising by U.S. buyout and mezzanine funds plunged 42 percent to $16.0 billion from the $27.8 billion that was raised in the second quarter, and by 36 percent from the $24.1 billion that was raised in the third quarter of 2010. The total for the third quarter was the lowest quarterly total since the fourth quarter of 2010, according to Buyouts. Buyouts data is based on both interim and final closings.

Out of the top ten buyout and mezzanine fundraisings so far in 2011, six have exceeded their targets. Half of the top ten are dedicated to buyouts and acquisitions, two are distressed/turaround funds, one is mezzanine-focused, one is expansion/growth capital and one is real estate focused which comes in at number two. Scroll down the list to find out which buyout fundraising tops the bill so far this year.

[slideshow]

[slide title=” 10. KSL Capital Partners”]

Fund Name: KSL Capital Partners III LP

Fund Type: Acquisitions/Buyouts

Amount Raised in 2011: $1.973 billion

Amount Raised to Date: $2 billion

Target: $1.5 billion

Placement Agent: Probitas Partners

[slide title=”9. Leonard Green & Partners LP”]

Fund Name: Green Equity Investors VI LP

Fund Type: Acquisitions/Buyouts

Amount Raised in 2011: $2 billion

Amount Raised to Date: $2 billion

Target: $5 billion

[slide title=”8. Mount Kellett Capital Management LP”]

Fund Name: Mount Kellett Capital Partners II LP

Fund Type: Distressed/Turnaround (Geographic Focus: Asia)

Amount Raised in 2011: $2.3 billion

Amount Raised to Date: $2.3 billion

Target: $4 billion

Placement Agents: Fusion Partners, JP Morgan, Goldman Sachs

[slide title=”7. TCW Capital”]

Fund Name: TCW Energy Fund XV

Fund Type: Mezzanine (Industry Focus: Energy/Power)

Amount Raised in 2011: $2.42 billion

Amount Raised to Date: $4.12 billion

Target: $2.5 billion

Placement Agent: Credit Suisse

[slide title=”6. Summit Partners”]

Fund Name: Summit Partners Growth Equity Fund VIII

Fund Type: Expansion/Growth

Amount Raised in 2011: $2.5 billion

Amount Raised to Date: $2.5 billion

Target: $3 billion

[slide title=”5. Oaktree Capital Management LP”]

Fund Name: OCM European Principal Opportunities Fund III

Fund Type: Distressed/Turnaround

Amount Raised in 2011: $2.7 billion

Amount Raised to Date: $2.7 billion

Target: $3.3 billion

[slide title=”4. GTCR Golder Rauner”]

Fund Name: GTCR Fund X LP

Fund Type: Acquisitions/Buyouts

Amount Raised in 2011: $3.1 billion

Amount Raised to Date: $3.25 billion

Target: $3 billion

[slide title=”3. Centerbridge Partners LP”]

Fund Name: Centerbridge Capital Partners II LP

Fund Type: Acquisitions/Buyouts

Amount Raised in 2011: $3.193 billion

Amount Raised to Date: $4.4 billion

Target: $3.75 billion

Placement Agent: Park Hill

[slide title=”2. Lone Star Funds”]

Fund Name: Lone Star Real Estate Fund II LP

Fund Type: Real Estate

Amount Raised in 2011: $3.9 billion

Amount Raised to Date: $5.5 billion

Target: $4 billion

Placement Agent: UBS

[slide title=”1. Berkshire Partners LLC”]

Fund Name: Berkshire Fund VIII LP

Fund Type: Acquisitions/Buyouts

Amount Raised in 2011: $4.5 billion

Amount Raised to Date: $4.5 billion

Target: $4 billion

[/slideshow]