Private Equity 8-Hour Briefing
×Last updated: March 17, 2026, 6:30 PM ET
Private Equity Portfolio Moves & Exits
The persistent difficulty in liquidating assets is tightening exits across the private equity sector, with even older vintage deals failing to find buyers in the current market environment. In a notable move signaling potential internal friction, the $74.9 billion Nevada PERS announced plans to divest its entire position in Clearlake Capital holdings, citing unspecified "conflicts of interest" stemming from Clearlake’s recent agreement to take over Pathway Capital Management. This divergence highlights growing scrutiny on fund structures and governance, even as dealmaking continues in niche areas such as infrastructure services, where Fort Point-backed VisuSewer expanded its wastewater maintenance capabilities by acquiring Wisconsin-based United Survey.
New Platform Launches & Tech Concerns
Amid ongoing fundraising activities, new platforms are emerging, such as the industrial software firm Velotic, backed by TPG, which named former PTC CEO James Heppelmann as executive chairman to guide its growth strategy. Separately, concerns over structural inequality in technology investment persist, as AI investor Rana el Kaliouby warned that the current "boys’ club" culture surrounding AI funding risks exacerbating the wealth gap for women if they are excluded from leadership and capital allocation decisions in the swiftly expanding artificial intelligence domain.