Market wrap up: Alpine, Equity push fund-raising up over $60B

Buyout and mezzanine shops have secured $60.28 billion in capital commitments so far this year as the previous week saw fund-raising advances by Alpine Investors and Marlin Equity Partners.

Alpine Investors held the third close on its latest investment vehicle. The San Francisco-based firm obtained $85.6 million in pledges from 13 investors for Alpine Investors Fund IV, which has a $175 million target and a $205 million hard cap.

Meanwhile, Marlin Equity secured at least $550 million, which is $100 million more than its $450 million target for Marlin Equity Partners III. The El Segundo, Calif.-based firm is using Probitas Partners as placement agent for the vehicle.

Deal activity

On the deals front, Thomson Reuters (publisher of PE Week) tracked six LBO transactions from Nov. 24 to Dec. 2. Two of the deals disclosed financials terms.

Year-to-date deal volume inched higher to about $27.62 billion.

Greatwide Logistics Services acquired the dedicated contract carriage division of YRC Worldwide Inc.’s logistics subsidiary for $34 million. Greatwide Logistics is a joint venture between Centerbridge Capital Partners and DE Shaw & Co.

The other deal with known financial terms in the past week involved the sale of an undisclosed majority stake in sales and channel marketing services provider eCoast Sales Solutions Ltd. for $10 million to Slate Capital Group and New Markets Venture Partners. —Eamon Beltran