Market At A Glance

U.S.-based buyout and mezzanine shops continued their well-paced fundraising drive with many successes during the past two weeks. To date, $30.17 billion in commitments were secured. First Reserve Corp. closed its first infrastructure investment vehicle during the latest period. The Greenwich, Conn.-based firm raised more than $1.2 billion for First Reserve Energy Infrastructure Fund, which had a $1.5 billion goal.

Boston, Mass-based ArcLight Capital LLC also secured $596.1 million for ArcLight Energy Partners Fund V LP, which is seeking $2 billion. In addition, Freeman Spogli & Co. closed its latest investment vehicle below the planned $1 billion goal. The Los Angeles-based shop obtained $735 million for FS Equity Partners VI LP

On the deals front, there were a dozen deals involving U.S.-based financial sponsors from May 4 to 16, according to Thomson Reuters, the publisher of Buyouts. The four with known financial terms combined for $1.2 billion, which brought year-to-date deal volume to $22.1 billion.

Cerberus Capital Management LP took part in the period’s largest transaction through its SL Resort Holdings Inc. unit that merged with Silverleaf Resorts Inc. The deal had a rank value of $496.4 million.