Market at a Glance – Carlyle eyes closing $25 bln across two funds

Over the past two weeks, U.S.-based buyout and mezzanine funds added $5.7 billion in commitments, bringing 2018’s sum to $78.6 billion. This year’s fundraising trails 2017’s breakneck pace at this time by $27.1 billion, or 25.6 percent.

Carlyle Group exceeded its $5 billion target for Carlyle Asia Growth Partners V. The fund, focusing on key Asian markets including China, India and Japan, saw strong interest from investors and received $6.5 billion in commitments. The firm also compiled $16.3 billion for its North American flagship, Carlyle Partners VII. Fund VII already eclipsed its $15 billion target and now heads for the $18.5 billion hard cap.

Mill Point Capital, a nascent firm focused on the middle-market-industrials sector, wrapped up its maiden fund. Fund I’s fundraise went beyond its $375 million goal and finished at its $450 million hard cap.

Since Buyouts last went to press, 2018’s dealmaking grew by $4.9 billion. The year’s aggregate now sits at $78.9 billion, lagging this time a year ago by $2.3 billion, or 2.8 percent.

The largest deal with disclosed value was for Hartford Life Inc. Cornell Capital, Atlas Merchant Capital, TRB Advisors and Pine Brook Road Partners were part of the investor group that bought the insurance provider for $1.6 billion.

Following was CommerceHub Inc. GTCR and Sycamore Partners acquired the internet service provider for nearly $1.1 billion.

Blackstone Group gained 40 industrial warehouses of FRP Holdings Inc, a supplier of long-distance freight trucking services. The deal went for $347.2 million.


Additional Data




Private equity job openings

Ratings Wrap-Up (May 9, 2018 – May 21, 2018)

Recent LP Commitments

Pricing Table_Mid Mkt_June 2018