Private Equity 24-Hour Briefing
×Last updated: June 9, 2026, 2:33 PM ET
Private Equity Briefing: June 14, 2026
Fundraising & Executive Moves
Pictet closed its sixth co-investment fund at $1.53bn, marking the largest in the series and exceeding its target as the Swiss wealth manager continues expanding its alternatives platform. Meanwhile, EQT appointed Gustav Segerberg as CFO, handing the finance brief at one of Europe's largest listed private markets firms to a long-serving insider following Henriksson's departure. In personnel moves, Ridgepost appointed Brian McKenna as VP of investor relations pehub.com, effective June 15, 2026, while CAZ Investments recruited Greg Grissom as executive director of sports investing pehub.com to evaluate new opportunities in the sector. Banner Capital tapped McKay Potter as principal pehub.com, who will focus on sourcing and execution in Banner's core service sectors across the Western US.
Major Deal Activity
Clearlake snapped up private markets firm Pathway Capital pehub.com, which manages more than $95 billion in assets, part of broader consolidation in the private equity space. Arlington sold medical device firm Riverpoint Medical for $1.2bn pehub.com, with the transaction expected to close in the third quarter of 2026. Thoma Bravo took validation software firm Kneat private for $466m pehub.com, expanding its portfolio in life sciences technology, while Cap Man Growth exited eye health company Silmäasema for €574m pehub.com, Finland's largest operator in private eye care and optical retail. In consumer goods, CapVest-backed Second Nature Brands acquired meat snacks brand Tillamook pehub.com, and TSG Consumer-backed Cadogan Tate acquired luxury moving and design logistics firm FLD pehub.com, serving ultra-high-net-worth clients.
Specialized Sectors & Investments
Apollo Global Management and Blackstone closed a $35bn private credit deal to fund Anthropic's AI infrastructure, reflecting the massive capital flowing into artificial intelligence. Finnish satellite startup Iceye raised €1bn amid spacetech funding boost sifted.eu, while Isar Aerospace secured €270m sifted.eu to scale launch operations, highlighting continued investor enthusiasm for aerospace innovation. In healthcare, Archimed acquired PET radiopharmaceuticals company IRAB pehub.com, expanding its presence in diagnostic technology, and Thoma Bravo agreed to acquire life science software company Kneat pehub.com as healthcare-focused funds leverage AI integration. Air Street Capital backed French defence tech Alta Ares in €50m round sifted.eu, maintaining strong interest in defense technology despite broader market volatility.
Market Trends & Industry Analysis
Zombie private equity funds surpassed $1trn pehub.com five years ahead of schedule, now representing a fifth of global PE assets held for more than seven years, according to TREO research. Private equity firms looked abroad for opportunities while corporate buyers remained close to home, with dealmaking stalling this year as market participants adopted divergent strategies. Top-performing continuation vehicles continued to show outperformance secondariesinvestor.com over buyout funds, based on Evercore and HEC Paris's fifth study of 396 CVs formed between 2018 and 2024. EQT signaled increased focus on Asia privateequityinternational.com, with newly appointed APAC co-heads Hari Gopalakrishnan and Nicholas Macksey developing a dedicated strategy in the region. CalPERS affirmed that private equity remains the pension's 'top-performing asset class' privateequityinternational.com, expected to play an important role in its total portfolio approach starting in July.
Credit & Portfolio Support
Partners Group prepared to inject $231m into Emeria, as the portfolio company grapples with debt that has outgrown its earnings, highlighting the ongoing challenges in leveraged buyouts. Hunter Point gathered $4.3bn privateequityinternational.com for GP financing, as private credit markets continue to provide alternatives to traditional bank lending. The firm's ability to raise significant capital demonstrates investor confidence in the private equity credit sector despite broader economic uncertainties.