The latest aggregate reflects Mount Kellett Capital Partners II LP’s close at its goal of $4 billion. The vehicle is the second fund by Mount Kellett Capital Management, which was launched by Mark McGoldrick.
One of the other recent contributors to the total was Industrial Opportunity Partners’s final close of its sophomore fund at $275 million. Industrial Opportunity Partners II LP had an original target of $250 million.
U.S.-based financial sponsored dealflow continues to make progress this year. Buyouts magazine’s publisher Thomson Reuters tracked 51 such deals since the start of the second quarter. Nine of them disclosed financial terms and combined had an aggregate value of $969.8 million. Year-to-date deal volume is at $12.9 billion.
The top deal, based on disclosed value so far this quarter, is Oak Hill Capital Partners LP’s purchase of an 80 percent stake in Earth Fare Inc. The owner and operator of health supermarkets was acquired from Monitor Clipper Partners Inc. for about $300 million.