Private Equity 24 Hours

Last updated: April 24, 2026, 11:30 AM ET

Private Equity Sector Focus & Deal Flow

Private equity firms are showing heightened interest in the medical device sector, particularly orthopedics, drawn by the perceived lower development risk associated with value-based care trends Targeting orthopedics. This appetite is exemplified by Apollo’s $1.25 billion minority investment in a medical device producer, while other major players like Archimed and Cinven are also actively pursuing assets in the space. Meanwhile, deal activity continues across technology sectors, with Avance-backed Alchemy Technology Group expanding its IT advisory footprint through the acquisition of cybersecurity firm IOvations, demonstrating a continued appetite for strategic bolt-ons in specialized services. Furthermore, the video gaming sector anticipates substantial M&A, according to counsel from Drake Star, even as industrial services firm Allied Industrial-backed CES Power finalized three acquisitions in Ireland, including GH Energy Rental and Event Power.

Fundraising & Investor Dynamics

Investor focus is shifting towards diversification, as evidenced by debut strategies making up a significant portion of top Q1 2026 fundraises, with three of the top ten focusing on single-asset continuation vehicles Driving diversification. However, this trend is not universally embraced across all geographies, as Japanese limited partners are reportedly finding participation in credit secondaries challenging due to information asymmetry and a lack of adequate look-through data, according to discussions at the PEI Group’s Tokyo Forum. On the capital formation side, Manna Tree has appointed Jessica Schmitt as managing director to spearhead capital formation initiatives and manage relationships with its global investor base, signaling efforts to capture this diversifying capital pool, especially given growing consumer interest in health-related assets.

Technology & Infrastructure Investment Themes

The technology sector is seeing active investment across various sub-sectors, with several venture-backed startups in semiconductors, biotech, and space/defense technology preparing S-1 filings, suggesting an improving IPO pipeline after several quiet periods. In Europe, data center infrastructure remains a focus, with Verda securing €100 million to build out its European hyperscaler capacity, planning significant hiring and expansion into new markets. Simultaneously, geopolitical tensions are beginning to overtly reshape dealmaking and fundraising inflows, forcing private equity professionals to recalibrate international strategies. In adjacent tech movements, former Disney CEO Bob Iger has rejoined Thrive Capital as an advisor following his exit from the entertainment giant, maintaining a noted stake in the venture firm.

Exits, Acquisitions, and Talent Moves

M&A activity in ride-hailing and specialized technology continues, with Lyft agreeing to purchase Gett’s UK business, a move that consolidates market share in a competitive segment. On the AI front, Bret Taylor’s Sierra acquired Fragment, a YC-backed French startup specializing in AI customer service agents, pointing to ongoing consolidation among early-stage generative AI firms. Separately, industry events are leveraging high-profile tech leadership; Uber CTO Praveen Neppalli Naga is set to appear at the upcoming Strictly VC San Francisco event on April 30, underscoring the continued importance of executive presence in industry engagement forums. European leadership in the tech ecosystem is also visible, with Wolt CEO Marianne Vikkula sharing insights on scaling superapps and leadership from her position as chair of the Slush conference.