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Market at a Glance: Carlyle raises more than $5 bln for EU Partners V

U.S.-based buyout and mezzanine fundraising added at least $7.2 billion to the 2018 total since the last issue of Buyouts, continuing the strong pace set for Q4.

Still, total fundraising trails its YTD 2017 total by $31 billion, or 16.6 percent.

Notable fundraisers include the following:

  • Carlyle Group has raised nearly $5.6 billion for its fifth European buyout fund. The total is aggregated across all its parallel funds.
  • Hamilton Lane currently has multiple funds in the market, but none recently brought in as much as its fourth co-investment vehicle, which has raised more than $755 million.
  • WestRiver Group has pulled in $425 million of a targeted $750 for its eighth innovation lending fund.
  • New Mainstream Capital has raised more than $376 million for its third flagship. The Goldman Sachs spinout is targeting $450 million.

Deal me in

Completed deals added nearly $14 billion to the YTD total, which is now more than $220 billion. That is almost $58 billion more than it was for the year-earlier period.

Three recent deals cleared the billion-dollar mark:

  • The largest was the $5.7 billion acquisition of Envision Healthcare by KKR
  • Second was Siris Capital Group’s purchase of Web.com Group for nearly $1.3 billion.
  • And Lone Star Funds acquired roofing tile maker Imerys Toiture for $1.2 billion via auction. Lone Star used a Luxembourg vehicle to acquire the French company.

 

Additional Data

IPO REGISTRATIONS BY SELECT PRIVATE EQUITY-BACKED COMPANIES IN 2017-18 YTD

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