Buyout and mezzanine firms in the U.S. have collected $57.4 billion in commitments so far this year. During the past two weeks, Wellspring Capital Management LLC completed the fundraising drive for its latest investment vehicle above the $1 billion target. Wellspring Capital Partners V LP has $1.2 billion in commitments.
CapStreet Group LLC also secured $174.9 million for CapStreet III LP. The Houston -based firm invests in lower middle market companies in Texas and other Sunbelt states. It typically makes control investments in companies with enterprise values of less than $150 million, according to its Web site.
In addition, Highstar Capital will seek $3.5 billion for Highstar Capital IV LP, according to a Securities and Exchange Commission filing. The New York-based firm makes infrastructure investments in the energy, environmental services and transportation industries.
Thomson Reuters, the publisher of Buyouts magazine, tracked 27 LBO transactions from Oct. 26 to Nov. 10. The five deals with known financial terms combined for $1.3 billion and helped push year-to-date deal volume to $51.7 billion. Avista Capital Partners LP took part in the period’s largest deal. It bought Clorox Co.’s global auto-care business for $756 million.