Among the larger fund closes, Hudson Clean Energy Partners locked up its debut fund, Hudson Clean Energy Partners LP, with $1.02 billion in capital commitments. The target was $1 billion. The Teaneck, N.J.-based firm invests in renewable power, alternative fuels, energy efficiency and storage. C.P. Eaton Partners LLC served as lead placement agent for the fundraising effort.
Alpine Investors also contributed to the fortnightly fundraising tally. The San Francisco firm held a third close on its latest investment vehicle, Alpine Investors Fund IV, which has a $100 million target and a $125 million hard cap. All in, the firm has raised a total of $85.7 million for the new pool.
On the deal-making side of the equation, Thomson Reuters, publisher of Buyouts, tracked 17 closed deals between Nov. 24 and Dec. 8. The six transactions with disclosed financial terms had a combined value of $2.98 billion, bringing the year-to-date deal volume total to $30.55 billion.
The biggest needle-mover was the closing of The Blackstone Group’s $2.7 billion buyout of theme park operator Busch Entertainment Corp. Busch Entertainment is the second largest entertainment park operator in the United States with 10 entertainment parks including three SeaWorld location and two Busch Gardens sites.