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Market At A Glance

The latest total reflects the actions of several firms including TPG Credit Management, which held the final close of TPG Credit Strategies II LP with $996.7 million. The capital secured surpassed the fund’s original $800 million target.

BlueMountain Capital Management LLC also closed its latest investment vehicle. The New York firm received $1.5 billion in capital commitments for BlueMountain Credit Opportunities Fund I LP.  In addition, Cyprium Investors IV LP has raised $133 million from seven accredited investors, according to a Form D filing by the Cleveland, Ohio-based mezzanine shop.

Thomson Reuters, which publishes Buyouts, counted 25 transactions involving U.S.-based financial sponsors from Oct. 24 to Nov. 5. Nine deals had disclosed valuation including a couple with a rank value north of $1 billion.

A management-led investor group that includes Platinum Equity LLC acquired BWAY Parent Co. for $1.24 billion from Madison Dearborn Partners LLC. Clayton Dubilier & Rice LLC also acquired 51 percent of Illinois Tool Works Inc.’s WilsonArt International Inc. unit for $1.05 billion. These and other deals pushed year-to-date deal volume to $82 billion.