Also, Welsh, Carson, Anderson & Stowe finished efforts for its eleventh fund with $3.7 billion in pledges. WCAS XI LP had a revised target of $3.5 billion.
First-timer Solamere Capital obtained $186 million for its debut pool. The Boston-based shop was formed by a group that includes Tagg Romney, the son of Bain Capital founder Mitt Romney. Buyout and mezzanine shops have now raised $27.7 billion so far this year.
On the acquisition front, Thomson Reuters, the publisher of Buyouts magazine, tracked 11 LBO deals during the past two weeks. The four transactions with disclosed financial terms added $639.7 million to the year-to-date deal volume, which now stands at about $6.99 billion.
The largest deal was the $1.2 billion purchase of USJ Co. Ltd., the owner and operator of the Universal Studios Japan theme park, by SG Investments, a group including Goldman Sachs & Co. and Owl Creek Asset Management LP. The deal boosted SG Investments’s stake in USJ Co. to 98.34 percent from 51.52 percent.