Summer hasn’t slowed fundraising, as U.S. buyout and mezzanine firms added $13 billion to their year-to-date total. Fundraising in 2018 has crossed the $125 billion marker.
Fundraising still trails this time in 2017 by nearly $22 billion, while deal-making — more than $140 billion — exceeds last year’s comparable tally by more than $18 billion.
Ridgemont Equity Partners has raised $1.25 billion for its third fund and looks to raise another $250 million for the pool.
The Charlotte firm invests in middle-market companies across multiple U.S. industries, such as energy, healthcare and telecom.
Another firm that invests across different industries is Virgo Investment Group. The firm’s portfolio contains everything from commercial aircraft to music publishing. Virgo’s current fund has raised more than $130 million and is still in market.
BlackRock continues to raise hundreds of millions for its fourth private opportunities fund, earmarked for co-investments. This year the massive asset manager has raised more than $350 million.
Yellow Wood Partners, a Boston firm that invests in consumer products, raised $126 million of the $146 million it targets for its open fund.
The largest deal with a disclosed value was the acquisition of the Affinion Insurance Solutions division of Affinion Group LLC by Mill Point Capital Partners for an estimated $550 million in cash. Affinion is the Stamford, Connecticut, provider of marketing and design services.
Additional Data
IPO AFTERMARKET REPORT FOR SELECT BUYOUT-BACKED COMPANIES THAT WENT PUBLIC IN 2018
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