MARKET AT A GLANCE

Chicago-based GTCR closed its eleventh fund with $3.85 billion in commitments. After a short seven months on the fundraising road, GTCR Fund XI closed well above its $3.25 billion target.

Similarly, Greenwich Conn.-based, Capital Partners Inc closed its Capital Partners Private Equity Income Fund II LP with $360 million in commitments, surpassing its target of $250 million.

Thomson Reuters, the publisher of Buyouts, counted 32 deals that involved U.S.-based financial sponsors from Jan. 20 to Jan. 31. Only three deals disclosed financial terms for about $2.1 billion.

The largest deal involved Applied Systems Inc SPV, a special purpose acquisition vehicle formed and led by Hellman & Friedman LLC and JMI Equity Inc. The firm acquired an undisclosed majority interest in Applied Systems Inc, a University Park-based developer of insurance automation software, from Bain Capital LLC for an estimated $1.8 billion in a secondary buyout transaction.