Market at a glance

KSL Capital Partners continued to compile money for its fourth flagship fund and has collected almost $2.4 billion for KSL Capital Partners IV, passing the almost $2.3 billion target. Black River Asset Management was another firm that advanced its fundraising campaign. Black River Food Fund 2 LP collected $523.6 million on its way toward its target of $700 million.

Constitution Capital Partners wrapped up its latest co-investment vehicle. Constitution held final close on Ironsides III Private Equity Partnership/Co-Investment Funds at $823 million. Another fund that closed was Tengram Capital Partners Fund II LP. Tengram Capital Partners closed its sophomore fund at its hard cap of $320 million, which is close to double what it raised for its debut fund in 2013.

The completed deals also had a fruitful two-week period, seeing its yearly total rocket up by more than $11 billion.

The cumulative 2015 sum is $10.6 billion above where it stood at this time in 2014. Of the deals completed with disclosed values, there were three that surpassed $2 billion in price. The biggest was Life Time Fitness Inc, acquired by TPG Capital LP, Leonard Green & Partners LP and LNK Partners LLC for a little under $4.1 billion. Next in line was the US equity assets of GE Capital Real Estate being acquired for $3.3 billion by the Blackstone Group.

Coming after that was another transaction between Blackstone and GE Capital, this time for its European equity real estate assets, which sold for $2 billion.