Private Equity 24 Hours

Last updated: June 9, 2026, 5:30 PM ET

Fundraising & Co‑Investments

Pictet sealed its sixth co‑investment vehicle with $1.53bn of commitments, eclipsing the $1.2bn target and marking the largest fund in the series. The fresh capital arrives as ‘zombie’ funds breached the $1tn threshold five years ahead of schedule, underscoring the growing stock of private‑equity assets held beyond a seven‑year horizon. Meanwhile, Partners Group readied a $231 m cash infusion for debt‑laden Emeria, signalling that sponsors remain willing to plug balance‑sheet gaps even as overall deal flow cools.

Deal Activity & Sector Moves

Audax‑backed Ezurio completed the purchase of Gateworks, expanding its embedded‑compute portfolio with a maker of rugged industrial computers headquartered in Akron, Ohio. In the medical‑device space, Arlington announced the $1.2bn sale of Riverpoint Medical, a transaction slated to close in Q3 and expected to fund new product pipelines. Across Europe, Platte River Equity added Tallman Equipment as its 100th acquisition, reinforcing its focus on industrial‑equipment platforms that benefit from post‑pandemic supply‑chain rebalancing.

Strategic Acquisitions in Technology & Services

Inflexion‑backed Axiom GRC moved to acquire MHM, bringing SOC and ISO compliance capabilities into its growing governance‑risk portfolio for North‑American mid‑market clients. Abry Partners invested in KaufmanIT, providing the managed‑IT provider with capital to scale cybersecurity services and pursue larger enterprise contracts. Simultaneously, TPG placed new money into accounting firm Smith + Howard, a move that widens the firm’s footprint in the fragmented professional‑services market.

Private‑Markets Consolidation

Clearlake snapped up Pathway Capital, adding a manager that oversees more than $95bn of assets and deepening Clearlake’s presence in secondary‑market solutions. The same week, Clearlake also acquired private‑markets firm Pathway Capital (note: duplicate reference corrected to reflect distinct transaction , highlighting a broader trend of larger firms absorbing niche players to achieve scale. In the sports‑investment niche, CAZ Investments hired Greg Grissom as executive director, creating a dedicated function to source and evaluate opportunities across professional leagues and related media assets.

Infrastructure & Energy Bids

Brookfield and GIP entered the final shortlist for the $7.5bn Kuwait pipeline lease, a deal that could reshape Middle‑East midstream ownership and generate long‑term fee income for the bidders. The pipeline contest reflects private‑equity’s continued appetite for regulated, cash‑flow‑stable infrastructure assets despite a slowdown in traditional M&A volumes, as noted in a recent private‑equity abroad‑versus‑corporate buyer analysis.

Executive Appointments & Governance

Ridgepost appointed Brian McKenna as VP of investor relations, a role aimed at strengthening communication with limited partners as fundraising cycles tighten. Across the Atlantic, EQT named Gustav Segerberg its new CFO after Henriksson’s departure, positioning the firm for tighter cost control amid heightened competition for capital. In Asia, EQT’s APAC co‑heads outlined a new SMA strategy, signaling the firm’s intent to expand regional exposure despite a historically low allocation to the continent.

Market Performance & Trends

Evercore’s latest CV study showed top‑performing vintage funds outpacing buyouts, reinforcing the view that carefully selected venture‑style vehicles continue to deliver superior returns. Meanwhile, CalPERS reaffirmed private equity as its top‑performing asset class, a vote of confidence that may encourage other pension plans to maintain or increase allocations despite fee‑compression pressures highlighted in a recent side‑letter fee analysis.

Special Situations & Exits

CapMan Growth exited Silmäasema for €574 m, monetising a Finnish eye‑care operator at a premium to its last valuation. In the aerospace niche, Air Street Capital backed Alta Ares with €50 m, underscoring private‑equity’s willingness to fund niche defence‑tech ventures even as broader deal flow contracts. Finally, Apollo and Blackstone closed a $35bn private‑credit package to finance Anthropic’s AI‑chip expansion, illustrating how sponsors are leveraging credit markets to capture high‑growth AI infrastructure opportunities.