Last updated: March 19, 2026, 9:30 AM ET
Deal Activity & Sector Focus
Private equity firms continued to deploy capital across specialized sectors, with Sterling Capital acquiring managed IT services provider Cyber Advisors, targeting small, mid, and enterprise clients. In Europe, ICG backed Comcreta to fuel expansion for the Italian railway maintenance firm, capitalizing on accelerating infrastructure investment within the region. Meanwhile, sector consolidation continued in healthcare, as Paratek and Radius Health completed their merger, supported by a reported $1.3 billion financing package arranged by advisors including Sixth Street. Elsewhere, Pophouse Entertainment acquired majority music interests belonging to Tina Turner, sharing ownership alongside BMG in the icon's catalog.
Technology & ESG Investments
Investment activity showed a focus on climate solutions and digital health, as BNP Paribas Asset Management Alts invested in Farm Carbon, a vehicle designed to scale methane reduction efforts in agriculture. Separately, telehealth provider Medadom secured backing from Verdane and Bpifrance; Medadom holds the distinction of being the first teleconsultation provider accredited by the French Ministry of Health. Despite the push into specialized tech, general technology sector interest in secondaries markets appears to be softening, with Houlihan Lokey observing that tech moved down the list of favored continuation vehicle sectors as the market adjusts to recent disruptions. However, venture funding remains active, evidenced by two Palantir veterans launching a new firm with $30 million secured and validation from Sequoia.
Firm Moves & Internal Promotions
Firms are strengthening leadership ranks while executing complex transactions. American Pacific elevated Rahul Mohan to Managing Director; Mohan originally joined the firm in 2020. In transaction execution, Fort Point completed a recapitalization of environmental services company Boston Green using its latest investment vehicle. In a complex secondary market maneuver, MCH finalized a single-asset continuation vehicle to maintain its backing of premium frozen baked goods producer Europastry, a deal that followed Ares leading the CV structure. Furthermore, the European Bank for Reconstruction and Development committed $40 million to the Templeton Türkiye Fund, which is targeting a total raise of $300 million to deploy capital across the Turkish market.
Operational Strategy
Beyond deal counts, firms are grappling with how to ensure portfolio value creation, particularly in emerging fields like artificial intelligence. Experts suggest that many AI pilots fail due to a lack of measurement, advocating that private equity managers must shift focus from simply implementing AI to quantitatively measuring the resulting business outputs to justify deployment. This operational discipline will be key as capital allocation decisions become more scrutinized in the current macro environment.