Market At A Glance

The past two weeks did little to boost capital commitments for 2009 as most fundraising disclosures were 2008 leftovers. Apollo Management closed its seventh fund in December at $14.8 billion, slightly below a $15 billion target. CMS Mezzanine also secured $40 million for its latest vehicle in December. The Wynnewood, Pa.-based firm, which invests in companies with at least $10 million in revenue, has a $50 million target for CMS Mezzanine Debt Fund LP.