Carlyle Group paced the industry by closing on $1.3 billion for Carlyle Asia Partners III LP, according to a Securities and Exchange Commission filing. Great Hill Equity Partners LLC collected around $830 million for its fourth fund, putting the Boston-based firm on target to meet its $1.25 billion target for Great Hill Equity Partners IV LP. Accel-KKR also raised $450 million for Accel-KKR Capital Partners III LP, propelling the shop close to the $500 million target for this fund.
Meanwhile, Thomson Reuters (publisher of Buyouts) tracked nine control-stake transactions completed by U.S.-based LBO firms during the past week. None of the deals disclosed prices, so year-to-date deal volume remained idle at $56.1 billion.
Some of the deals of the latest period included Cardinal Gas Storage Partners’s acquisition of two natural gas storage development projects from CenterPoint Energy Inc.’s CenterPoint Energy Gas Transmission Co. unit. Cardinal Gas is a joint venture between Energy Capital Partners LLC and Martin Resource Management Corp.; and Fenway Partners Inc.’s purchase of an undisclosed majority stake in Preferred Freezer Services, which owns and operates 23 refrigerated warehouses.