Alinda Capital Partners LLC led the way during the past fortnight. The New York-based infrastructure specialist closed its second fund with $4 billion, well above its target of $3 billion.
Sterling Group LP is another contributor to our U.S. fundraising total. The Houston-based firm recently closed its third fund—which was targeting $600 million—at its $800 million hard cap.
The pace is up on the deal front, too. The past two weeks saw the closure of no fewer than 24 new LBO transactions, according to Thomson Reuters, publisher of Buyouts. Combined, the four deals from that period with disclosed valuations totaled $506.8 million, helping push our disclosed deal total through Feb. 10 to $2.61 billion. At this same time in 2009, the disclosed deal figure was just $1.72 billion.
The largest of the recent bunch of deals was Warburg Pincus LLC’s $442 million acquisition of Survitec Group Ltd. The firm bought the Belfast, Ireland-based maker of survival equipment from Montagu Private Equity, which had owned Survitec since 2004.