Market at a glance: Fundraising ramps up in October

U.S.-based buyout and mezzanine fundraising had a strong bi-week, bolstering its yearly total by $9.3 billion. The fundraising helped this year’s sum — now $146.3 billion —bridge the gap to 2015’s pace and sit $16.9 billion, or 10.4 percent, below this time last year.

Arsenal Capital Partners finished its fourth flagship almost 50 percent greater than its third, closing on $1.3 billion. Growth-equity shop FTV Capital hit target on Fund V, wrapping at $850 million.

MTS Health Investors reached an oversubscribed $365 million final close on top of a $300 million target for its fourth healthcare-focused vehicle.

New State Capital Partners concluded fundraising on its maiden fund at $131 million. The institutional-investment pool, targeted for healthcare, business services and industrials, had an original target of $150 million.

HPS Investment Partners is nearing the end of the road on its third mezz fund. HPS Mezzanine Partners III collected $5.6 billion and is expecting to reach its $6.5 billion goal in the fourth quarter.

Deal-making took a step back, adding $2.9 billion to its total over the past two weeks. The year’s aggregate is now $124.6 billion; that’s $22.2 billion, or 15.1 percent, behind 2015’s deal efforts.

Two deals reached the billion-dollar plateau. Thoma Bravo closed the largest deal of all with disclosed values. The San Francisco firm acquired publisher Trader Corp from Apax Partners for $1.2 billion. Following was OMERS Private Equity and Harvest Partners buying out the remaining stake of software developer Epiq Systems for a bit more than $1 billion.  



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