Private Equity 24 Hours

Last updated: June 5, 2026, 8:31 PM ET

Fundraising & Fund Closings

TJC is targeting $8.5bn for its seventh flagship fund, Resolute Fund VII, maintaining focus on mid- and upper-mid-market deals in North America. Meanwhile, Nordic private equity firm Norvestor completed the €2bn final close on its latest fund just three months after launch, raising approximately €500m more than its predecessor vehicle, indicating continued investor appetite for European private equity opportunities.

IPOs & Public Market Exits

Advent International and ADIA raised $2.43bn through the initial public offering of gas engine maker Innio, with the stock jumping 23% on its first day of trading according to Bloomberg data. In another successful exit, Blackstone-backed adtech firm Liftoff surged 9% in its Nasdaq debut, valuing the company at $4.18bn as reported by Reuters. These strong IPO performances signal favorable market conditions for private equity-backed exits, with European investors also poised to benefit from Anthropic's anticipated $1tn+ IPO.

M&A Activity

Private equity dealmaking remained robust with several notable transactions. Mill Point is acquiring industrial products distributor Total Safety Supplies & Solutions Inc, a division of Total Safety US, while Mutares has agreed to sell Walor Precision Turning to French sponsor Reed Capital in another automotive carve-out exit. In the education sector, Renovus-backed Education Dynamics snapped up UK enrollment marketing agency Net Natives, expanding its presence in the education technology space. Consilium took a minority stake in Italy's Twin Pack, a designer and manufacturer of automated secondary packaging systems, demonstrating continued cross-border investment activity.

Investment Trends

Private equity firms are expanding their presence in specialized sectors with CPP Investments renewing and enlarging its forward-flow partnership with Affirm, committing $1.7bn over 24 months with the option to scale to $2.2bn to support approximately $8bn in consumer loan volume. Meanwhile, multiple PE firms including Warburg Pincus, Frazier Healthcare Partners, Lee Equity and Sheridan are investing in substance use care assets, indicating growing interest in healthcare services. The legal tech space also attracted attention as investors poured billions into plaintiff-side legal AI, with defense-side legal AI emerging as the next big opportunity despite remaining underdeveloped.

Market Issues & Governance

The Florida State Board of Administration, managing a $219bn pension fund, took aim at the relevance and sufficiency of private equity performance benchmarks at a recent meeting, highlighting ongoing concerns about benchmark adequacy. Fraud in M&A transactions has become more common than ever before according to Aon, potentially contributing to deal complications and withdrawals like Apollo's unsuccessful $2bn bid for Bodycote. Oxford Bio Medica, a FTSE 250 cell and gene therapy specialist, keeps its door open for private equity bidders after rejecting EQT approaches, signaling that take-private deals remain viable under the right terms.

Venture Capital & Startup Funding

The venture capital landscape saw substantial funding rounds with megarounds proliferating across enterprise software, AI, and space tech sectors. A previously bootstrapped custom metal manufacturer secured its first outside funding from big-name Silicon Valley backers, while a spacetech founder described a "996" work week as quiet, underscoring the intense demands in the space technology sector. Balderton Capital highlighted 39 European startups outside its