Notably, Crestview Partners has raised approximately $2.4 billion for its latest fund, Crestview Partners III, and is well on the way to hit its $3.5 billion hard cap this fall.
On the deals side of the market, Thomson Reuters (the publisher of Buyouts) tracked 53 transactions that involved U.S.-based financial sponsors from Aug. 18 to Sept. 5. Eight deals disclosed their financial terms, combining for $2.03 billion. Year-to-date deal volume rose to 95.4 billion.
The largest addition to deal volume came from Marina Topco Ltd, a unit of Blackstone Group LP’s Blackstone Real Estate Partners IV LP, acquiring the entire share capital of MPG Opco Ltd, a St. Helier-based real estate development firm, from Max Property Group Plc, for 414.2 million pounds ($706.7 million) in cash.