Private Equity 24 Hours

Last updated: June 2, 2026, 8:30 AM ET

AI & Technology Sector Investment

Berkshire Hathaway anchored an $80 billion equity program for Alphabet with a $10 billion private placement, reinforcing the tech giant's AI ambitions while signaling continued confidence from established investors. Meanwhile, Permira recruited Mike Hoffmann from Thoma Bravo to lead its AI dealmaking push, bringing one of the most experienced software investors to strengthen its technology team. In other AI-focused deals, Gradient Labs doubled its Series A to $26 million for its AI-powered finance startup, while JMAN Group emphasized operational metrics in exits, noting that buyers increasingly want measurable evidence of improvement rather than generic AI narratives.

Fund Closings

Blackstone surpassed its target with a final close of $13.1 billion on Blackstone Capital Partners Asia III, marking the largest-ever Asia private equity fund and underscoring continued investor appetite for the region despite global economic uncertainties. The fund exceeded its $10 billion target significantly, reflecting strong commitment from limited partners to Asian markets as a growth corridor in the current investment landscape.

Acquisitions & Platform Expansions

Thoma Bravo's portfolio companies WWEX Group and Auctane completed a merger, creating a third-party logistics provider with parcel, freight, and technology solutions including Ship Station and Stamps.com. Elsewhere in the M&A landscape, 26North Re acquired Independent Life Insurance Group to enter the US insurance market, while Reichmann Segal formed Metatron Private Equity through the acquisition of Silicon Valley-based electronics manufacturer Green Circuits Inc., expanding its industrial platform.

Specialized Funds & Sector Investments

EnduroSat eyed a $200 million Series C fundraising just months after its last round, indicating strong investor interest in the spacetech sector amid growing commercial space activities. In fintech, Vinted Ventures backed former Revolut executives in a $26 million raise, while Mike Schroepfer raised $250 million for his climate-focused fund Gigascale Capital, targeting solutions for energy and material shortages. European private equity firm Mutares completed the acquisition of Wärtsilä Gas Solutions, positioning the carve-out as a new platform for the Nordic energy transition.

Market Trends & Service Sector Deals

Onex and Neuberger-backed Ryan agreed to acquire European tax adviser Svalner Atlas Advisors for $400 million, expanding the Texas-based tax services group's international footprint. In the service sector, PSG Equity invested in CHR Group, a digital food safety and compliance software provider, while the PEI 300 ranking revealed a divided industry, with early warning systems becoming scarcer in private equity's primary debt source. Stablecoin technology secured UK regulatory approval with a remittance app going live after processing $1 million in transactions during its silent beta phase.