Domestic buyout and mezzanine firms have secured $2.9 billion in capital commitments as January 2011 comes to an end. The latest tally includes Cohesive Capital Partners’s first close of its debut fund. The New York-based firm secured about $100 million for Cohesive Capital Partners Fund LP, which has a target of $250 million.
Boston-based Bunker Hill Capital also held the final close of Bunker Hill Capital II LP. The fund ended its fundraising drive at $200 million. However, it fell short of its $250 million goal. Bunker Hill Capital makes control investments in lower middle market companies with enterprise values of up to $150 million.
Thomson Reuters, which publishes Buyouts magazine, tracked 10 LBO deals from Jan. 11 through 25. The six with disclosed financial terms combined for $6.5 billion, which brings the year-to-date deal volume total to about $6.9 billion.
Carlyle Group LLC took part in the period’s two largest transactions. The Washington, D.C.-based shop bought CommScope Inc., which makes coaxial cables, for about $3.7 billion. It also purchased Syniverse Holdings Inc., which provides wireless voice and data services, for $2.6 billion.