After a busy two weeks of fund-raising at the start of September, the pace of collecting pledges for investment vehicles slowed during the past week for buyout and mezzanine firms.
The efforts of a couple of shops, however, helped bring the total raised to date this year up to $47.4 billion.
Littlejohn & Co. secured $398 million for its fourth fund. The Greenwich, Conn.-based firm obtained the pledges from 12 investors. The vehicle, which is called Littlejohn Fund IV LP, has a target of $1.25 billion.
Meanwhile, White Deer Energy has obtained more than $301 million in capital commitments for its debut fund, according to a regulatory filing. The Houston, Texas-based firm is looking to raise $750 million for the vehicle.
On the deals front, Thomson Reuters (publisher of PE Week) tracked four LBO deals from Sept. 16 to Sept. 22. Only one transaction included details on its financial terms.
Golden Gate Capital portfolio company Critigen bought the information technology division of CH2M Hill Inc.’s enterprise management solutions business. The transaction has a rank value of $86.6 million. The year-to-date disclosed deal volume inched up to $10.6 billion. —Eamon Beltran