Fundraising shot higher over the past week thanks to a slew of final closes.
Through July 12 U.S. buyout and mezzanine firms had raised $102.1 billion, up from $85.2 billion two weeks earlier but down from $137.2 billion a year earlier.
Meantime, firms have so far completed $125 billion in deals, up from $95.1 billion in deals in the year-earlier period.
Bain Capital led the way with a €4.35 billion ($5.1 billion) final close on its fifth European fund, well above its €3.5 billion target, according to Bloomberg.
Soros spinout TowerBrook Capital Partners capped off its fifth fund at $4.25 billion, according to Pensions & Investments. Backing came from Washington State Investment Board, Massachusetts Pension Reserves Investment Management Board and Kansas Public Employees Retirement System. It also raised $1.05 billion for a structured investment fund earmarked for non-control opportunities.
Among other notable closings identified or announced over the past two weeks, AE Industrial Partners closed its second fund at its $1.36 billion hard cap, according to Pensions & Investments, ahead of its $1 billion target. Support came from New Mexico Educational Retirement Fund and Los Angeles County Employees Retirement Association.
Beekman Group closed its fourth buyout fund at $425 million, right on target. It targets investments in consumer, healthcare and business services.
Minority-owned ICV Partners wrapped up its fourth buyout fund at $551 million, well ahead of its $500 million target.