Private Equity 24 Hours

Last updated: June 13, 2026, 5:31 AM ET

Private Equity Deal Flow

Enterprise software provider Ninja One closed a $400 million funding round as the largest U.S. financing of the week, while blockchain technology company Digital Asset and European firms rounded out major transactions. The surge in large-cap deals comes amid Odyssey-backed Levata's acquisition of Posdata Group, expanding the Chicago-based technology solutions provider's footprint across North America and Europe. Meanwhile, Warburg Pincus nears a deal to acquire JSB, the Kyoto-based Japanese housing company, in what would mark continued private equity interest in Japanese real estate assets. Healthcare-focused funds also remained active, with SK Capital-backed Spectrum Vascular acquiring Piccolo Medical to expand its vascular access and medication management portfolio, and KKA and Winterberg-backed Healthcare Holding Schweiz purchasing Compet Medical, a supplier of harm reduction products to professional organizations and public institutions.

Fundraising & Fund Performance

Carlyle Group targets approximately $15 billion for its ninth flagship buyout fund as institutional investors seek exposure to private equity opportunities. However, BlackRock capped redemptions on its $13 billion private credit fund for a second consecutive quarter, reflecting ongoing retail investor outflows from alternative investments. The mixed fundraising environment comes as NIF hired former EIB investor to lead its fund-of-funds program, signaling continued institutional confidence in diversified private equity strategies despite market headwinds.

Talent Moves & Portfolio Management

CalPERS promoted Anton Orlich to deputy chief investment officer for private markets, elevating one of the nation's most closely watched pension fund investors after top-ranked private equity returns. The personnel shift follows Paul Murphy's departure from Lightspeed, though he plans to continue investing independently. Great Hill Partners tapped Lauren Reddy as head of people, bringing in the former L.E.K. Consulting chief talent officer to lead human capital strategy for the growth equity firm.

Portfolio Company Restructuring

Expense management platform Pleo laid off 50 employees in its latest round of cuts, reflecting broader cost discipline across European venture-backed companies. The workforce reduction aligns with European doomerism creeping into tech conferences, where founders and executives openly acknowledge mounting challenges including funding constraints and economic uncertainty.

Sector-Specific Investment Trends

Private equity firms pursued pediatric speech therapy assets through five separate deals, with General Atlantic, Aquitaine Capital, Avesi Partners and PPC Enterprises among active investors in the sector. This specialized healthcare focus complements KKR's investment in CPA firm Crowe's advisory business, marking the buyout firm's entry as Crowe's first institutional capital partner while expanding professional services exposure. Separately, Mistral reportedly targets a €20 billion valuation in fundraising discussions, positioning the French artificial intelligence company among Europe's most valuable AI startups amid intensifying competition for talent and capital.