Private Equity 24 Hours

Last updated: June 9, 2026, 11:30 PM ET

Fundraising Momentum Pictet closed its sixth co‑investment fund at $1.53bn, topping the target and underscoring strong investor appetite for private‑equity side‑car vehicles. The inflow follows a broader surge in capital commitments, even as a TREO report flagged zombie funds surpassing $1tn ahead of schedule, suggesting that a sizable share of legacy assets remain illiquid and may pressure future fundraising cycles.

Strategic Debt Support Partners Group prepared a $231m capital injection for debt‑laden Emeria, aiming to rebalance the portfolio company’s leverage ratio after earnings fell short of debt service requirements. The move reflects a growing trend of sponsors providing bespoke financing to stabilize distressed holdings rather than exiting at a loss.

Deal‑making Divergence Private‑equity firms turned outward while corporate buyers stayed domestic, with sponsors chasing cross‑border opportunities as merger activity stalled in the United States. Meanwhile, corporate acquirers focused on familiar markets, a split that could reshape competitive dynamics in sectors such as consumer goods and healthcare.

Healthcare & Life‑Sciences Transactions Arlington agreed to sell Riverpoint Medical for $1.2bn, a deal that will fund the seller’s next wave of device innovation. In a parallel move, Thoma Bravo moved to acquire validation software provider Kneat for $466m, reinforcing the firm’s push into regulated‑life‑sciences software platforms.

Infrastructure Pipeline Bidding Brookfield and GIP joined a shortlist of bidders for Kuwait’s pipeline lease, a potential $7.5bn transaction. The competitive process highlights private‑capital appetite for stable, fee‑based assets in the Middle East, where long‑term contracts can offset volatility in other sectors.

AI‑Focused Credit Expansion Apollo and Blackstone sealed a $35bn private‑credit package for Anthropic’s AI chip roll‑out, marking one of the largest single‑deal financings for generative‑AI infrastructure. The financing will underwrite the build‑out of custom silicon, signaling that lenders view AI hardware as a core growth engine.

Performance of Continuation Vehicles Evercore’s latest study showed top‑performing continuation vehicles outpacing traditional buyout funds, with a notable spread in internal rate of return across the 396 vehicles examined. The findings may encourage more sponsors to spin out CVs as a means to retain high‑quality assets and deliver superior returns.

Leadership Changes in Europe EQT appointed Gustav Segerberg as CFO, succeeding Henriksson, positioning the firm for continued expansion in its listed‑private‑markets platform. The appointment comes as EQT eyes further growth in Asia, where it recently launched a dedicated SMA to capture regional opportunities.