Private Equity 24 Hours

Last updated: September 14, 2026, 2:08 PM ET

Mega-Funds and Platform Builds

Warburg Pincus is closing in on its flagship fundraising target of roughly $17bn, according to Side Letter, which also reports that CVC Capital Partners is looking to match its record-breaking fundraise and that at least one LP is betting on private equity's distribution drought persisting into next year. The twin moves underscore how the largest sponsors are consolidating capital even as exits remain slow.

Insurance and Take-Privates

CVC is preparing a partial exit from Bamboo Insurance Services, the US homeowners insurer it took control of just last year, via an IPO that would value the company at up to $3.13bn. Separately, a consortium led by DFO Management, the family office of tech billionaire Michael Dell, is closing in on a $7.7bn take-private of insurance broker The Baldwin Group. The two deals signal renewed appetite for insurance-sector assets after a quiet stretch for sponsor exits.

Exits and Continuation Vehicles

KKR has sold its entire stake in First Gen, one of the Philippines' largest power producers, for $411m, walking away just weeks after its take-private bid for the company was rejected. Step Stone is leading a continuation vehicle backing Amulet Capital's US Fertility, the nation's largest partnership of physician-owned fertility practices and IVF laboratories, which says it has helped more than 400,000 individuals and families to date. First Reserve-backed Trillium agreed to sell its US pumps unit to Crane for $240m; the business, marketed under the Floway, Wemco, Roto-Jet and WSP brands, supplies mission-critical pumping systems to municipal water and wastewater markets. Carolwood agreed to acquire Thryv's print business for $142m, picking up Print Yellow and White Pages operations in the US, Australia and New Zealand along with their digital editions.

New Platforms and Growth Deals

Alpine Investors launched Eight Group, a platform combining Core M&E and subspecialty providers to offer compliance-driven maintenance services to UK commercial clients, targeting the country's "large and growing" hard facilities management market with a $200m commitment. A separate report detailed the Eight Group launch and its consolidation strategy. Neuberger Specialty Finance teamed with aviation finance specialists to launch New Bridge Aero Finance, a platform targeting a $2bn debt portfolio of originated and acquired loans and other instruments. Nex Phase Capital made a growth investment in Everywhere Communications, an Annapolis, Maryland-based mission-critical software platform founded in 2016 that helps government and enterprise clients maintain resilient communications. Genstar Capital and Aksia invested in Richey May, a Denver-based accounting, tax and advisory firm operating for more than 40 years with offices across eight states, as part of a broader growth bet on professional services platforms.

Public-to-Private Activity

Main Capital Partners agreed to take Tribal Group private in a £189.3m deal, acquiring a provider of mission-critical student information systems and education management software serving more than 660 institutions. New Mountain Capital took a minority stake in Appleby, the offshore legal platform founded in Bermuda in the 1890s that employs more than 500 people and over 200 attorneys across 11 offices in eight jurisdictions.

People and Talent Moves

Bain Capital's Max de Groen, partner and co-head of Technology for North America Private Equity, said he expects deal activity to pick up over the next year as the firm navigates AI-driven disruption in software. Hunter Point Capital appointed William Sonneborn as president and COO, drawing on his three decades in alternative investments and financial services, including leadership roles at KKR, TCW Group, EIG and Goldman Sachs. Permira named former Microsoft executive Julia Liuson as a senior adviser; she previously served as president of Microsoft's Developer Division, overseeing GitHub, Visual Studio and Visual Studio Code. Navi Med Capital named Holly Atallah, formerly director of finance and operations at Broad Oak Capital Partners, as chief financial officer and promoted Bennett Mears to principal.

Venture and Growth Capital

Satellite startup Open Cosmos raised €300m amid a broad space-sector frenzy. EU Scaleup Fund led a $100m Series B for Tandem Health. Local Globe and Cherry backed AI startup Resolutiion with $10m. Lexroom's chief executive described a "land grab moment" in legaltech, as acquirers race to consolidate the sector. Flowpay topped Sifted's DACH and CEE leaderboard with 816% growth, highlighting the fastest-scaling companies across the region. Malmö is betting on becoming a testbed for impact innovation, drawing founders and investors to the Swedish city.

Investor Sentiment and Startup Trends

Y Combinator remained the busiest startup investor in August, according to Crunchbase's monthly rankings, which also showed Nvidia ramping up its dealmaking pace across lead backers, prolific venture dealmakers, highest spenders and seed investors. Insight Partners' Deven Parekh discussed losing Legora to General Catalyst and explained why his $9bn-plus firm is diversifying rather than concentrating bets on OpenAI and Anthropic. VCs also picked their favorite Y Combinator summer-batch companies, from floating reactors to brain chips, in Tech Crunch's roundup of the buzziest startups from Demo Day. On the cap-table side, the standard four-year founder vesting schedule can leave departed founders holding large equity stakes, complicating financing and control and prompting costly litigation to reclaim shares — a dead weight problem that startups are increasingly being forced to fix.