Private Equity 24 Hours

Last updated: March 24, 2026, 11:30 PM ET

Venture Capital Mobilizes Across Geographies and Stages

Venture capital activity showed broad deployment across market segments, with established players like Kleiner Perkins raising $3.5B for new funds, which includes $1 billion earmarked for early-stage companies and $2.5 billion for growth investments focused heavily on artificial intelligence. Concurrently, early-stage ecosystem development in India saw Accel and Prosus select six startups for their inaugural cohort, with each company receiving between $500,000 and $2 million after being chosen from over 2,000 applications. Further demonstrating a commitment to underrepresented founders, BKR Capital announced that its Fund II has so far closed $20 million CAD toward its $50 million target, while BRK Capital also reported raising $14.5 million CAD toward a similar $50 million goal for its Fund II, signaling continued capital flow into specialized mandates.

Private Equity Sector Deployments and Acquisitions

Private equity firms continued to execute strategic acquisitions across diverse sectors, including Advent expanding its beauty portfolio through a $165 million deal to acquire a majority stake in premium brand Salt & Stone. In the technology and infrastructure space, TPG and Allianz X co-led an investment of $350 million into Cambridge Mobile Telematics, with participation from State Farm, while GTCR-backed Ascent Sports Group acquired sports technology firm Live Barn, establishing a new technology and media platform. Elsewhere, food and beverage saw activity as Main Post invested in pretzel manufacturer Stellar Snacks, which boasts distribution across major retailers like Costco and Target, and Goldner Hawn picked up Lone Star Environmental Companies operating in the Houston and San Antonio markets.

Healthcare and Enterprise Software Deals

Dealmaking in healthcare and enterprise software suggests a focus on operational efficiency tools. GPI-backed Hopper OS acquired healthcare data firm Efferent to bolster its configurable intelligent healthcare operating system spanning the care continuum. In enterprise software, Main Capital invested in Gingco Systems, a provider of modular software services for intelligent workplace and resource management, while in the government technology niche, TSCP invested in Karpel, a firm whose client base includes various prosecutor and public defender offices nationwide. Furthermore, specialized investment firm Southfield invested in recruitment firm Metric Search, which services the medtech life sciences, engineering, and data center sectors.

Exits, Divestitures, and Public Market Testing

Firms are actively managing portfolios through exits and testing public market appetite for large assets. CVC and Silver Lake have initiated investor outreach for a potential initial public offering of RAC that could value the entity at approximately $6.7 billion. In contrast, Advent completed a partial exit from its holding in Trustpilot, selling a £46 million stake that saw the shares decline following the discounted sale. Meanwhile, Generate Capital sold greenhouse operator Equinox Growers to Taylor Farms, supporting regional food supply chains, and Blackstone is reportedly marketing a portfolio of Parisian apartments, aiming to secure a disposal of about €100 million from a prior €700 million acquisition.

Sector-Specific Transactions and Strategic Moves

Activity was observed in specialized service providers and energy assets. Altor agreed to acquire electrical installation services provider Eltera from Valedo, a deal noted alongside the UK Competition and Markets Authority finalizing reforms for the pet care industry impacting private equity holdings. In the energy sector, Hull Street is set to acquire two power plants—the Lee County Generating Station in Illinois and the Tait Electric Generating Station in Ohio—from Rockland. Elsewhere, Princeton Equity Group backed children’s education provider Kid Strong, which currently supports over 85,000 members across 184 centers in the US and Canada.

Market Dynamics and Talent Focus

Broader market concerns are surfacing around talent acquisition and the secondary market. Reports indicate that half of General Partners surveyed feel their artificial intelligence efforts are falling short, while concerns about AI are reportedly disrupting established secondaries processes. This talent scarcity is felt acutely in Europe, where data shows a widening gap, prompting questions about how firms handle the European talent gap when attempting to fill critical roles. In deal pipelines, Turnspire is reportedly shopping USG Water Solutions to the broader private equity universe, aiming for first-round bids in mid-April for the municipal water service provider. Separately, Blackstone is evaluating a potential $200 million to $300 million investment in the Indian Premier League, marking a potential first move into sports investments.