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Market At A Glance

U.S. buyout and mezzanine shops have secured about $13.4 billion in capital commitments so far this year. The tally reflects Mount Kellett Capital Management LP’s first close of Mount Kellett Capital Partners II LP with $1.4 billion in commitments. The vehicle has a $4 billion goal.

High Street Capital is also back on the market. The Chicago-based shop is seeking $100 million for High Street Capital IV LP. The fund secured $17 million, according to a Securities and Exchange Commission filing. High Street acquires, recapitalized and provides growth equity capital to lower mid-market companies with revenue of $10 million to $100 million.

Thomson Reuters, the publisher of Buyouts magazine, tracked 15 LBO deals with US-based sponsors from March 9 to 23. Six transactions have known financial terms and combined for $1.9 billion. This brought year-to-date disclosed deal volume up to $18.7 billion.

The majority of the past fortnight’s total deal volume came from one transaction. Leonard Green & Partners LP bought Jo-Ann Stores Inc. through its Needle Holdings Inc. unit. The acquisition of the retailer of fabrics and draperies has a rank value of about $1.6 billion.