Falcon Investment Advisors LLC closed its latest mezzanine fund, Falcon Strategic Partners III LP, at $729 million. Though it was among the largest funds to close in the past fortnight, the fund fell short of its $800 million target. Investors in the sub-debt fund include the Los Angeles City Employees’ Retirement System and the Maryland State Retirement and Pension System.
Lime Rock Partners LLC
also closed its latest fund, Lime Rock Resources II LP, collecting $410 million from 35 institutional investors. The energy-focused private equity shop decided to close the pool, which it began marketing in August 2008, shy of its $600 million goal.
WestView Capital Partners LLC, on the other hand, closed its latest investment vehicle north of its $300 million target, hitting the $325 million hard cap for WestView Capital Partners II LP. The Boston-based shop plans to invest its new capital in mid-market growth companies.
On the deal front, Thomson Reuters, publisher of Buyouts, tracked 16 closed LBOs from Oct. 27 through Nov. 10. The three deals with disclosed financial terms—including The Blackstone Group LP’s $1.75 billion purchase of British Land Co. PLC’s Broadgate office complex—kicked the year-to-date closed deal total up to $25.53 billion