Buyout and mezzanine shops have secured $37.6 billion in capital commitments so far this year. The amount hasn’t changed from the level reported a week earlier when such firms as Washington, D.C.-based The Carlyle Group completed its latest Asian fund with $1.04 billion in capital commitments.
During the past week, Huntsman Gay Global Capital said it completed its fund-raising effort for its debut fund, Huntsman Gay Capital Partners Fund, with more than $1.1 billion in pledges received (see story, page 4). The Palo Alto, Calif.-based buyout shop plans to focus on companies that generate at least $20 million in EBITDA. Huntsman Gay makes $50 million to $100 million equity investments in mid-market companies.
There were four LBO transactions, according to Thomson Reuters (publisher of PE Week) from July 8 to July 15. None of the deals disclosed financial terms so year-to-date deal volume also remains unchanged at about $7.8 billion. —Eamon Beltran