Private Equity 24 Hours

Last updated: June 6, 2026, 8:31 AM ET

Mid‑Market Momentum

The firm TJC has set a new benchmark for its Resolute Fund VII, aiming to raise $8.5bn to target mid‑ and upper‑mid‑market deals across North America, signaling confidence in a recovering private‑equity pipeline after a slowdown in the first quarter. Meanwhile, industrial‑products distributor Mill Point announced plans to acquire Total Safety Supplies & Solutions Inc, a unit of Total Safety US, Inc., expanding its footprint in safety‑equipment distribution and positioning itself for higher‑margin growth in the industrial sector. In the automotive carve‑out space, Mutares accepted an irrevocable offer from Reed Capital to sell Walor Precision Turning, the precision‑turned components arm spun off from the broader Walor Group, a move that underscores the continued appetite for niche manufacturing assets. Back in the fintech arena, CPP Investments renewed and enlarged its forward‑flow partnership with consumer‑loan platform Affirm, committing $1.7bn over 24 months with an option to scale up to $2.2bn, thereby supporting $8bn in consumer loan volume and reinforcing the trend of institutional investors deepening ties with high‑growth fintechs. TJC targets $8.5bn for seventh flagshipMutares agrees to sell Walor Precision Turning to Reed Capital in latest automotive carve‑out exit CPP Investments expands affirm forward-flow agreement to up to $2.2bn, supporting $8bn in consumer loan volume

Founder‑Driven Shifts

Reid Hoffman, long a board member of Microsoft, announced his departure to devote full attention to Manus, his AI‑driven drug discovery startup, after a decade of governance that coincided with Microsoft’s ascent to a $2trn market cap. The move reflects a broader trend of seasoned tech founders pivoting toward AI‑centric ventures as capital flows into the sector intensify. Across the venture landscape, a viral thread on X surfaced last week, where founders shared unsettling anecdotes about venture capitalists, ranging from obscure contractual clauses to aggressive exit tactics. The conversation, which has already named several high‑profile firms, illustrates growing friction between entrepreneurs and backers and may influence future fundraising dynamics as founders seek partners with more transparent governance structures. Reid Hoffman is leaving Microsoft’s board to go ‘founder mode’ with startup Manus