Private Equity 24 Hours

Last updated: June 11, 2026, 8:35 AM ET

Large-Scale Infrastructure & Energy Acquisitions

KKR, the Kuwait Investment Authority, and Vistra have launched AI infrastructure firm Helix with more than $10 billion in initial commitments, marking one of the largest dedicated AI infrastructure funds to date. In a parallel energy sector move, Stonepeak and Energy Equation Partners agreed to acquire Anwim for approximately £5.7 billion ($7.7 , securing the Polish fuel marketer that operates the MOYA station network as a strategic foothold in European energy transition. The consortium's raised bid for DCC reflects growing private equity appetite for energy infrastructure, with the target's board signaling support after the offer increased from previous levels.

Fundraising Momentum Across Asset Classes

Carlyle Group has begun raising its ninth flagship buyout fund, targeting roughly $15 billion to match the $14.8 billion predecessor vehicle amid intensifying competition for quality assets. Ares Management has pulled in $12.7 billion for asset-based finance through its Pathfinder closed-end strategy, demonstrating continued investor demand for alternative credit solutions. General Atlantic is leading a $1.15 billion funding round in Finnish satellite intelligence company ICEYE at a $12 billion valuation, backing the company's expansion in space-based analytics amid growing defense and commercial demand.

Industrial Services Consolidation Wave

Allied Industrial-backed Liberty Waste Solutions has acquired Bill's Trash Services, expanding the North Carolina waste and recycling provider's footprint in the Southeast. Ridgeline Roofing acquired Freemont Roofing in a residential and commercial roofing consolidation play backed by Bertram Capital. Meanwhile, DwyerOmega scooped up Lake Shore Cryotronics, adding precision measurement capabilities to Arcline's portfolio. The broader trend sees firms including Audax, Harvest, MSouth, and Olympus testing the market for industrial service providers ranging from HVAC to garage door specialists, as operational improvements drive multiple expansion opportunities.

Technology & Digital Media Investments

TPG has committed $250 million alongside CAA to back online creators and emerging media platforms, leveraging Hollywood's premier talent agency relationships to identify the next generation of digital content businesses. Permira is investing in CDP, the global environmental disclosure system that operates as a non-profit tracking corporate sustainability metrics, as ESG compliance becomes increasingly monetizable. In the UK, Motive Partners invested in pension platform Mobius, while Phoenix sold its UK pension investment platform to Motive as institutional investors seek specialized retirement infrastructure.

Market Structure Shifts & Talent Competition

Secondaries funds are reducing software exposure targets to 15-20% in LP-led transactions, down from peaks of 40%, as investors reassess Saa S valuations amid economic uncertainty. London's AI talent war intensified as startups Cursor, Legora, and Lovable expanded operations, competing directly with Silicon Valley for machine learning engineers while European firms focus on enterprise applications. Tech layoffs continued into 2026 with over 127,000 U.S. workers cut in 2025, creating a surplus of experienced professionals available for private equity portfolio companies seeking digital transformation expertise.

Strategic Portfolio Exits & Restructuring

Blackstone has agreed to sell Interplex's ICT unit to Bizlink for approximately $850 million, monetizing the Singapore-based components maker's information and communications technology arm amid supply chain realignment. Mutares agreed to sell NEM Energy to Hyundai Heavy Industries, transferring the heat transfer technology specialist serving power generation and energy transition markets to the Korean industrial conglomerate. Apollo sweetened a $1.15 billion Shutterfly bond with concessions to address creditor concerns over AI disruption and widening losses at the photo printing retailer.

Personnel Moves & Organizational Expansion

Ocean Sound tapped Kenneth Wolff as partner and chief legal officer, bringing experience from Skadden where he co-headed the private equity practice. Graham Kantor joined Verix as principal, stationing in Delray Beach, Florida as the firm expands its operational capabilities. These appointments come amid continued challenges from zombie funds and unrealized assets, with longer hold periods pressuring traditional fund structures while technology spending drives renewed interest in education sector deals.