That said, several notable funds wrapped up funds over their lofty targets in the past two weeks. Among them were Crestview Partners III and Francisco Partners IV LP. The former went a quarter billion above its target, hitting $3.25 billion. The latter, Francisco Partners’s fourth flagship buyout vehicle earmarked for technology deals, surged past its $2 billion target to hit $2.875 billion. Two big firms introduced new funds in the last two weeks. Madison Dearborne hit the fundraising trail with Madison Dearborn Capital Partners VII, seeking $3.75 billion in commitments. TA Associates, Inc. embarked on its twelfth main fund, TA Fund XII, looking to raise $4 billion in capital.
The last two weeks saw a flurry of completed deals, bringing 2015’s total to $21.9 billion, more than $10 billion above where it was at this time in 2014. Of those with disclosed value, two deals eclipsed the billion-dollar mark. The first was the acquisition of Angus Chemical Co by Golden Gate Capital for $1.215 billion. The second was the acquisition of IPC Systems Inc, a telecommunications company, by Centerbridge Partners LP for $1.2 billion.