It was a slower week for U.S.-based buyout and mezzanine fundraising since the last issue of Buyouts, but it still added more than $3.4 billion to the year-to-date 2018 total, which now exceeds $182.1 billion.
The year continues to close in on last year’s tally, trailing by $10.6 billion, or 5.5 percent.
Trilantic Capital Partners led the charge. Its sixth flagship raised more than $2 billion of a targeted $2.45 million. The total includes its parallel fund.
FS Equity Partners also crossed the billion-dollar threshold. Its eighth flagship raised nearly $1.1 billion.
Carlyle Group continued to raise funds for its fifth European fund, which raised more than $198 million.
Deal flow slowed during this period, adding only $38 million to the 2018 total. However, this year’s tally is still more than $64 million over the 2017 total.
The largest deal was the $25 million acquisition of Stelligent Systems by a Blackstone vehicle, MphasiS Ltd. Stelligent provides consulting services software.
The next largest disclosed deal was the acquisition of Atlas Knowledge by Mintra Trainingportal, a unit of Riverside Co, for $14 million cash. Atlas Knowledge is a trade-school operator.