Private Equity 3h Briefing
×Last updated: May 21, 2026, 2:30 PM ET
Fundraising & Investment Activity
Convective Capital targets disaster resilience with an $85 million fund, expanding from its original fire-tech focus, while Earlybird launches a €500m defense fund alongside French partner AVP. This specialized fundraising trend aligns with data showing the secondaries market broadening across segments, as deal activity expands into newer asset classes and transaction structures.
People Moves
HIG Capital strengthened its private wealth team by appointing Brian Dutzar as managing director, supported by principals Adam Whitman and Steven Stack, aiming to deepen relationships with family offices and high-net-worth investors.
Venture & Startups
Fragrance-tech startup Patina disrupted a legacy industry with a $2 million seed round from Betaworks and True Ventures, challenging a sector that has seen minimal innovation in nearly 50 years.