Market At A Glance

Also, First Reserve Corp. received $500 million more in pledges for its First Reserve Fund XII, closing the pool at nearly $9 billion, and Pine Brook Road Partners LLC held the final close for its first fund with commitments of more than $1.43 billion. Pine Brook Capital Partners LP had a target of $1.5 billion when it was launched in mid-2007.

On the deal front, Buyouts publisher Thomson Reuters has tracked 26 LBO transactions since the second quarter started. The three with disclosed financial terms had a combined value of $982.7 million. These deals brought the disclosed deal total so far in 2009 to about $6 billion.

Among the transactions in the past fortnight was Torre SGR SpA, an indirect unit of Fortress Investment Group LLC, which merged its real estate fund management business with that of Pioneer Global Asset Management SpA, to form a joint venture. The deal was valued at roughly $890 million.