U.S.-based buyout and mezzanine fundraising swelled since the last issue of Buyouts, adding more than $10 billion to the YTD 2019 total, which stands at $13.5 billion.
Despite the surge, fundraising trails the YTD 2018 total by $6.5 billion.
Four funds in particular were responsible for the increase, each of which raised more than $1 billion.
Blackstone led the charge, raising more than $3.3 billion of a targeted $4.5 billion for its third energy fund.
Sun Capital Partners of Boca Raton, Florida, raised more than $1.8 billion for its seventh flagship, which targets $2.2 billion.
Oaktree Capital Group raised $1.3 billion for its second special-situations fund, targeting $1.75 billion. The fund will make control investments in mid-market companies.
Riverwood Capital Partners joined the fundraising frenzy with more than $1 billion for its third flagship. The firm invests in growth-stage tech.
Dealmaking also increased in the past few weeks, adding more than $3 billion. But it trails its YTD 2018 total by $6.8 billion.
Two deals crossed the billion-dollar threshold, both involving software publishers.
The larger was Thoma Bravo’s acquisition of Imperva, a cybersecurity software publisher, for $1.8 billion. Imperva was then delisted from the stock exchange.
Vista Equity was just behind with its own software publisher buyout. It acquired Apptio for $1.7 billion.
Additional Data
IPO REGISTRATIONS BY SELECT PRIVATE EQUITY-BACKED COMPANIES IN 2018-19 YTD
Lincoln International’s Snapshot View on Loan Pricing and Terms
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