Mergers & Acquisitions: 10 PE firms with fresh capital
Slideshow 10 PE firms armed with fresh capital
Mary Kathleen Flynn
1 / Private equity fundraising has slowed down in 2018, after a strong 8-year run. The amount of capital raised annually for new funds by U.S. private equity firms increased more than threefold from 2010 (when nearly $71 billion was raised) to 2017 (when $243 billion was raised). But U.S. PE firms closed only $69 billion worth of new funds during the first half of 2018, a far cry from 2017 and on pace for a six-year low, according to Pitchbook. Here’s a look at 10 PE firms that have succeeded in raising new funds recently despite the slowdown, including the Carlyle Group (Nasdaq: CG), PPC Partners, Soundcore Capital Partners and Sycamore Partners. The fundraising data is culled by Mergers & Acquisitions from a variety of sources, including SEC filings, Thomson Reuters and company press releases. For fundraising news on an on-going basis, see our weekly column, PE fundraising scorecard: Audax and Advent.
2 / Brighstar Capital Partners
Middle-market private equity firm Brightstar Capital Partners, founded by Andrew Weinberg, closed its inaugural fund at $710 million. New York-based Brightstar, which invests up to $250 million in businesses, has already invested in three portfolio companies: logistics technology provider Global Resale, QualTek USA LLC, a provider of engineering, installation, fulfillment and program management, and water supplier Texas Water Supply Co.
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Zach Kouwe/Doug Allen
Dukas Linden Public Relations