U.S.-based buyout and mezzanine fund-raising piled more than $5 billion onto its 2016 total since Buyouts last went to press. The total now sits nearly $36.6 billion —or around 26 percent— below this time last year.
Stone Point Capital reentered the market with Trident VII. Its seventh flagship is aiming for $4.5 billion and focuses on the financial industry.
Kohlberg & Co set a $2 billion goal for Kohlberg Investors VIII, a fund set after middle-market consumer products and services companies.
Reaching final close was Arlington Capital Partners. The government sector-focused shop wrapped-up Fund IV at $700 million, surpassing the $575 million target.
CenterOak Partners beat its $350 million target and closed its debut fund at the $420 million hard cap. CenterOak is a spinout of Brazos Private Equity Partners.
Also hitting an oversubscribed final close was North Castle Partners. The firm’s sixth fund finished with $300 million in commitments.
Deal-making caught up to fund-raising, with the year-to-date total ballooning to $106.1 billion. The aggregate sits about $25 billion behind 2015’s deal pace. Value was disclosed for 13 deals in the surge, with two surpassing the $1 billion mark.
Stone Canyon Industries led the way by acquiring BWAY Parent Co, an Atlanta container maker, for $2.4 billion from Platinum Equity. Vista Equity Partners acquired software developer Marketo Inc for nearly $1.6 billion.