Market At A Glance

The total reflected a $2.6 billion close by Cerberus Capital Management LP on its latest flagship fund, Cerberus Institutional Partners LP Series Five, and an $805 million close on Capital Royalty Partners II by Houston-based Capital Royalty LP.

On the deals front, Thomson Reuters, the publisher of Buyouts, tracked 39 new transactions in the past fortnight. Among those with disclosed values, some of the most prominent included Chemtura Corp.’s sale of its antioxidant and ultraviolet stabilizers business to SK Capital Partners LP for $199 million and the acquisition by Greenbriar Equity Group LLC of EDAC Technologies Corp., a maker of components for the aerospace and industrial sectors, for $132.6 million.

So far in 2013, sponsors have closed deals with $31 billion of disclosed value, compared to $20.6 billion at the same point last year.