Among the recent recipients of LP dollars is Southlake, Texas-based Insight Equity, which has now secured $361 million for Insight Equity Fund II LP, a pool with a $500 million target; and Castle Creek Capital, whose latest effort, Castle Creek Capital Partners IV LP, now has $50.7 million in capital commitments, according to an SEC filing.
Veritas Capital made news with its plans to seek $1.25 billion for Veritas Capital Fund IV LP. Veritas invests in mid-market companies that provide goods and services to a broad array of government-related customers. In addition, TA Associates officially closed its well-received TA XI LP vehicle with $4 billion in commitments. The Boston-based shop had a $3.5 billion target for the fund.
Deal-wise, Thomson Reuters, publisher of Buyouts, tracked 15 LBO deals from July 25 to August 12. The three transactions with disclosed financial terms were worth a total of $414 million.
The period’s largest deal was the completion of Golden Gate Capital’s purchase of bankrupt sportswear and accessories retailer Eddie Bauer Holdings Inc. for $286 million. Year-to-date deal volume is at $10.06 billion.