GTCR Golder Rauner LLC closed GTCR Fund X LP at $3.25 billion. The Chicago-based shop, which was seeking $3 billion when it started marketing the vehicle seven months ago, helped raise the total commitments that domestic buyout and mezzanine shops have secured this year. The fundraising aggregate stands at about $10.7 billion.
Gores Group LLC completed fundraising of its latest investment vehicle above target. The Los Angeles-based firm secured $2 billion for Gores Capital Partners III LP. The goal was $1.5 billion. The firm will use the fund to invest in companies primarily engaged in the technology, telecommunications, business services, industrial, consumer and health care sectors. Signet Healthcare Partners also secured $129 million for Signet Healthcare Partners Fund III LP, which closed below its $200 million target. The New York-based shop invests in life sciences companies.
Thomson Reuters, which publishes Buyouts magazine, tracked 17 deals involving U.S.-based buyout firms from Feb. 9 through Feb. 22. Two of them reported financial terms and combined for $580 million. The period’s largest deal was Veritas Capital Partners LP’s purchase of CPI International Inc., which makes microwave and control equipment. The transaction had a rank value of $522 million. Year-to-date deal volume is at $8.3 billion.