Among notable recent developments, The Jordan Company held a first close on $1.1 billion for The Resolute Fund III, which launched earlier this year with a target of $3 billion.
On the deal side, Thomson Reuters, the publisher of Buyouts, counted 28 new deals among U.S. sponsors over the past two weeks. The aggregate value for the four deals that disclosed their financial terms was over $25.4 billion. The latest deal activity has boosted the value of 2013 deals to over $101.4 billion through Nov 1.
The largest deal to close recently was the acquisition by Michael Dell and Silver Lake Partners of the 86 percent of Dell Inc which CEO Dell did not own for a total value of $21.5 billion in a management buyout transaction.
Separately, an investor group comprised of Ares Management LLC and Canada Pension Plan Investment Board acquired Neiman Marcus Group Inc for an estimated $6 billion in cash in a secondary leveraged buyout transaction.