U.S. buyout and mezzanine shops have collectively raised roughly $52.3 billion so far this year. Activities of the past two weeks include Tenex Capital Management LP’s completion of its latest vehicle at $452 million. The amount secured was above the $400 million sought for Tenex Capital Partners LP. Atlantic-Pacific Capital Inc. served as the exclusive placement agent and adviser for the New York-based firm that was founded in 2009.
Msouth Equity Partners LP also picked up $187.3 million for MSouth Equity Partners II LP. UBS Securities LLC is helping the Atlanta-based shop in the fundraising drive. MSouth invests in lower mid-market companies valued between $25 million and $125 million.
Thomson Reuters, the publisher of Buyouts, tracked 37 transactions involving U.S.-based financial sponsors from July 27 through August 9. The nine with disclosed terms combined for about $5.59 billion. This brought the year-to-date deal volume to about $61.4 billion. Kohlberg Kravis Roberts & Co. LP’s purchase of Capsugel from Pfizer Inc. added the most to the tally during the latest period. KKR paid $2.375 billion to add the Peapack, N.J.-based maker of pill casings to its portfolio.