Market At A Glance

The tally reflects the magazine’s decision to more consistently include real estate in the fundraising activities we track. Real estate’s share was $13.6 billion, while mezzanine funds represented $12.7 billion of the total.

Warburg Pincus LLC held a first close for Warburg Pincus Private Equity XI LP at $5 billion. The investment vehicle has a $12 billion goal. San Francisco-based Vista Equity Partners also contributed to the tally with the final close its latest fund.  Vista Equity Partners Fund IV LP collected $3.5 billion, which is more than the initial $2.5 billion target.

Deal Volume

Thomson Reuters (the publisher of Buyouts) tracked 218 transactions involving U.S.-based financial sponsors. Those with reported financial terms combined for about $22.2 billion. Year-to-date deal volume stands at about $34.4 billion. The completed transaction with the highest rank value during the latest quarter was the purchase of EP Energy Corp. The acquirer was Everest Acquisition LLC, a special purpose acquisition vehicle formed by Apollo Global Management LLC, Riverstone Holdings LLC and other investors. It paid roughly $7.15 billion to buy the oil and gas company from El Paso Corp.