Market At A Glance

In addition, some firms started new vehicles. AIG Highstar Capital plans to raise another fund AIG Highstar Capital IV LP that will target infrastructure investments. The proposed fund will seek $3 billion to $5 billion in capital commitments. Fund III closed at $3.5 billion in October 2007.

FdG Associates LLC also plans to raise its third fund called FdG Capital Partners III LP in the fourth quarter. The firm makes investments in consumer products, manufacturing and logistic companies. Its target for the fund is $450 million.

The number and size of the LBO transactions during the past week was also tepid. There were nine transactions and the five with disclosed values totaled only $85.4 million, according to Buyouts’s publisher Thomson Reuters. The year-to-date deal flow inched up to about $106.9 billion.

The biggest deal of the period was Orchard Brands’ acquisition of Crosstown Traders Inc., a retailer of women’s apparel, from Charming Shoppes Inc. for $35 million. Orchard Brands is a unit of Golden Gate Capital.