Market at a glance

Quantum Energy Partners hit the hard cap on its sixth flagship fund and held a final close, raising $4.45 billion. Another fund getting plenty of attention is ArcLight Energy Partners Fund VI LP. ArcLight Capital Partners’ sixth energy-focused fund has shot past its $4 billion target and has pooled $4.7 billion.

Meanwhile, Riverstone Holdings LLC hit the halfway mark on its $8 billion-targeted Riverstone Global Energy & Power Fund VI LP, and Tailwind Capital wrapped up its sophomore fund at $1.05 billion, shooting past the $750 million it intended to get.

While not quite finished, Ridgemont Equity Partners gathered $750 million toward its $900 million target for Ridgemont Equity Partners II LP. Two firms that jumped into the PE fundraising pool were HighCape Partners and Strattam Capital. The former has collected $54 million, while the latter has assembled just under $77 million.

On the deals front, the yearly total for completed deals nearly doubled from where it was last issue. In what was easily the biggest deal of 2015, Berkshire Hathaway and 3G Capital-backed HJ Heinz Co acquired Kraft Foods Group Inc for $54.7 billion.

The second-largest deal was Francisco Partners’ $377.3 million purchase of ClickSoftware Technologies Ltd, an Israel-based software publisher. The third largest deal was for real estate. Beacon Capital Partners LLC sold two office properties for $225 million to an investor group comprised of Callahan Capital and Ivanhoe Cambridge Inc.

Correction: Due to an editing error, the original version of this story incorrectly stated that Berkshire Hathaway and 3G Capital sold Kraft Foods to HJ Heinz. The story has been corrected.

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Market at a Glance, July 17, 2015

Source: Buyouts Insider