Private Equity 3d

Last updated: August 3, 2026, 11:30 AM ET

Infrastructure and Renewables Deals

KKR has achieved a significant milestone with the final close of its KKR Global Infrastructure Investors V fund at a record-breaking $19.2 billion, marking the largest infrastructure fund the firm has ever raised. This new fund has already seen nearly half of its capital committed to existing investments. In a separate transaction, KKR is set to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8 billion. This strategic move follows KKR's acquisition of Total Energies' North American solar business for $1.25 billion in late 2025. KKR is leveraging its insurance capital to deploy funds into this €1.8 billion Total Energies renewables portfolio, which includes a 1.2 GW portfolio of onshore solar and wind assets across Europe.

Private Equity Fundraises and Strategies

Adams Street Partners has successfully raised over $5 billion in capital commitments for its latest Secondaries Investment Program. This program was anchored by the close of its Global Secondary Fund 8 at $2.7 billion. The specialist impact investing firm Blue Earth has raised an additional $100 million and held a second close for its debut dedicated secondaries fund. Meanwhile, KKR is reportedly exploring the launch of a GP-led strategy, with CFO Robert Lewin indicating the firm's belief in building a "world-class" business targeting this specific market segment. The New York State Teachers' Retirement System (NYSTRS) is planning to allocate up to $2.7 billion in commitments to private equity for its fiscal year 2027, signaling continued institutional interest in the asset class. PE Club is transforming former private equity executives' networks into a limited partner (LP) platform, drawing LPs who are typically serial entrepreneurs, ex-CEOs, and partners from large European private equity firms.

M&A and Portfolio Company Activity

Permira has agreed to sell its portfolio company Bio Catch to Visa for $2.4 billion. BioCatch is a significant player in behavioral-based fraud intelligence, protecting over 760 million consumers across more than 350 financial institutions globally. In another divestment Sterling Group has sold its manufacturer Tangent Technologies to Platinum Equity. AEA Enterprise-backed Meritus has acquired Metroplex Welding Supply, a distributor of industrial, medical, and specialty gases and welding supplies. Amerit Fleet is expanding its Canadian presence through the acquisition of Triple Diamond Truck and Trailer Repair, a provider of commercial truck and trailer maintenance services. Cortec Group is reportedly preparing to sell A1 Garage Door Service, a company it invested in back in 2019. Cortec's initial investment A1 Garage Door Service has completed at least 17 add-on acquisitions. McNally Capital announced a majority investment in Tenica, coinciding with growing demand for defense and intelligence services.

Venture Capital and Technology Investments

Menlo Ventures is preparing to deploy $3 billion in new capital, with managing director Matt Murphy citing the current AI landscape as a period of significant opportunity. Index Ventures raised a fresh $2 billion fund, doubling down on its investment focus in artificial intelligence. June, AI startup focused on simplifying AI adoption, has emerged from stealth with a $20 million pre-seed funding round. The European Union's AI Act rules are now entering their enforcement phase. A new report from Imperial College and Emlyon Business School suggests that VC-backed startups may be committing more fraud, with researchers identifying potential contributing factors and the role investors play in these situations.

Other Market Developments

Ardian has arranged a new unitranche financing for Arche MC2 supporting a shareholding reorganization that will result in Montefiore Investment and Activa jointly controlling the French software publisher. Permira has partially exited its investment in Reformation, which recently priced its IPO at the bottom of its marketed range, raising $210.9 million.