U.S.-based buyout and mezzanine fundraising stayed strong since Buyouts last went to press, adding $8.1 billion to its yearly total. So far, $34.6 billion has been raised this year; the total trails this time in 2016 by $7.6 billion, or 18 percent.
Platinum Equity led the fundraising charge, closing on $6.5 billion for its latest vehicle, Capital Partners IV, succeeding its $3.75 billion fundraise from 2012.
Värde Partners wrapped up its 12th flagship, set up to support value-based and credit-oriented investments. Värde Fund XII closed on more than $1.7 billion in commitments.
May River Capital’s inaugural fundraise lasted six months and concluded with $165 million the firm will use on lower-middle-market investments in the industrial sector.
Deal-making was lethargic, with the 2017 total growing by $1.3 billion. The yearly aggregate now sits at $35.5 billion, currently behind 2016’s total by $20.4 billion, or 37 percent.
Of the deals with disclosed value, the largest was for the non-operated assets of SM Energy in Eagle Ford, Texas. The gas-exploration assets were bought by Kohlberg Kravis Roberts and Venado Oil & Gas for $800 million.
Innovatus Capital Partners followed with a small real estate deal for two office buildings in Durham, North Carolina. The transaction totaled $45 million in value.
Additional Data
IPO REGISTRATIONS BY SELECT PRIVATE EQUITY H-BACKED COMPANIES IN 2015-2016 YTD
Pricing Table_Mid Mkt_March 2017_Converted
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