Private Equity 24 Hours

Last updated: June 11, 2026, 11:31 PM ET

Leadership Shifts & Capital Allocation Appointed Orlich as head of Cal PERS’ private markets, expanding his remit to cover private credit, real estate, infrastructure and other alternatives, a move that follows the pension fund’s recent turnaround in private‑equity returns. Across the Atlantic, the British Business Bank’s chief investment officer Leandros Kalisperas unveiled a plan to raise annual venture‑capital and growth‑stage funding from £400 million to £2 billion, a fivefold increase aimed at bolstering UK innovation pipelines. Both appointments signal a broader trend of institutional investors tightening oversight while committing larger capital pools to alternative assets.

Real‑Estate Secondaries Momentum Closed $650 m on the first tranche of Partners Group’s fifth real‑estate secondaries programme, putting the fund on track to hit its $1.5bn target and reflecting strong LP appetite for liquidity solutions in a market still coping with rising rates. Meanwhile, added $5bn to Clearlake’s credit platform through the acquisition of 31 CLOs from LCM Asset Management, expanding the firm’s managed assets to over $5bn and underscoring the growing convergence of private‑credit and secondaries strategies.

AI‑Infrastructure Financing Takes Shape Launched Helix with more than $10bn of committed capital, a joint venture by KKR, the Kuwait Investment Authority and Vistra to fund artificial‑intelligence infrastructure build‑outs, positioning the partnership as a premier source of capital for data‑center expansion. The same day, backed Theker with an €85 m round, Samsung reinforced its push into industrial robotics, a sector that will increasingly rely on the AI‑driven compute capacity that Helix intends to supply.

Energy‑Transition Bet by Private Equity Invested in CDP as Permira’s inaugural Energy‑Transition deal, taking a stake in the world’s largest environmental‑disclosure system and signaling the firm’s commitment to climate‑focused assets. In Central Europe, Stonepeak and Energy Equation Partners agreed to buy Anwim, Poland’s largest independent fuel marketer, a transaction that adds a downstream energy asset to their portfolio and aligns with the broader shift toward integrated energy‑services platforms.

Fundraising Benchmarks Carlyle targeting $15bn for its ninth flagship buyout fund, a figure that would match the $14.8bn raised for its predecessor and reflects continued confidence among limited partners in large‑cap buyout strategies despite a competitive capital environment. In parallel, TPG and talent agency CAA committed $250 m to a new fund focused on online creators, illustrating private equity’s widening scope into digital media and creator economies.

Secondary Market Exposure Adjustments Reduced Saa S targets as secondaries funds trimmed software exposure from 40% to a range of 15‑20% in LP‑led vehicles, a shift driven by concerns over valuation peaks and a desire to rebalance risk toward more resilient sectors. This recalibration comes as continuation‑vehicle activity heats up, with LPs showing renewed interest in LP‑led secondaries despite earlier scepticism about return potential.

Industrial Services Consolidation Prepared sales pipeline featuring business‑services firms slated for divestiture by Baird, Harvest and Olympus, while Littlejohn‑backed Total Safety sold its US industrial unit to Mill Point, highlighting ongoing consolidation in the fragmented industrial services space. Further, Halle Capital‑backed Pass Co acquired three perimeter‑security firms, expanding its footprint in the commercial security market and underscoring the appetite for niche, high‑margin service providers.

Emerging Manager Strategies Recommended side‑letter alliances for emerging managers to partner with heavyweight limited partners, a tactic aimed at mitigating regulatory scrutiny over extended fund lives and leveraging larger LP balance sheets to secure capital. The guidance arrives as the private‑credit sector sees a potential upside from fund‑by‑fund loss mitigation, offering a pathway for newer managers to capture market share amid tightening credit conditions.