Private Equity 24 Hours

Last updated: June 17, 2026, 11:30 PM ET

Fundraising and Market Activity

Clearlake Capital closed its eighth flagship fund at $14.8bn, demonstrating that investors continue to favor large, established managers despite a challenging macroeconomic environment. This capital injection, which focuses heavily on AI integration, reflects broader trends in the industry where evergreen markets have doubled in size. As GPs navigate a period of extended fundraising timelines, scrutiny from limited partners has intensified, forcing managers to provide greater transparency and clearer value-creation roadmaps to maintain investor support.

Private Credit and Infrastructure

Blackstone has launched Sable Pointe Credit Strategies to scale its origination in asset-based lending, an area currently experiencing rapid growth as firms seek higher yields. In the secondaries market, GIC is finalizing a $2bn credit asset sale, while Flexstone has agreed to acquire Glouston Capital Partners to bolster its geographic footprint, creating a combined platform managing more than $15bn in assets. Meanwhile, I Squared Capital and the US International Development Finance Corporation are forming a $3bn Indo-Pacific energy platform to finance critical infrastructure across South and Southeast Asia.

Healthcare and Industrial M&A

Altaris has agreed to a $375m take-private deal for Simulations Plus, offering stockholders $18.50 per share in a move to consolidate health tech assets. In the medical services space, DFW-backed Singlepoint Healthcare has acquired infusion services provider Healix, while Belmont Medical Technologies, supported by Audax, has picked up Arcos Inc to expand its fluid-resuscitation and patient-temperature management capabilities. Additionally, CVC Catalyst is buying a majority stake in prosthetic limb maker Willow Wood, marking a strategic entry into the specialized medical components market.

Tech and Software Consolidation

A consortium led by Blackstone, Apollo, and KKR has taken control of Medallia from Thoma Bravo in a transaction that sees the previous owner absorb a $5bn loss on the software group. In the cybersecurity and AI services sector, Quest Software has acquired Anetac, and Montagu has carved out BMC Helix from BMC Software to capture market share in agentic AI Service Ops platforms. These moves follow a period where large-scale exits, such as the $8.9bn all-cash sale of Clario Holdings to Thermo Fisher Scientific, have provided significant liquidity to the private equity market.

Strategic Investments and Global Expansion

TPG is acquiring Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners, while New Mountain Capital has invested in Commonwealth Associates to support power engineering infrastructure growth. In the Middle East, Investcorp has taken a strategic stake in IT distributor Metra to strengthen its reach across the GCC region. Meanwhile, CPP Investments has committed $715m to the Ctrl S data centre platform in India, highlighting the aggressive capital allocation into digital infrastructure in emerging Asian markets.

Venture Capital and Founder Perspectives

The corporate venture arms are undergoing a shift, with PayPal Ventures shutting down its operations after a decade of activity that saw 80 investments. In the startup ecosystem, Arcline is taking AstroNova private for $272 million, while French battlefield software firm Comand AI has raised €32m from investors including Blossom Capital and Saab. Industry veterans argue that long-term value in AI will stem from deep technical challenges at the infrastructure level, a sentiment echoed by founders who are turning to venture investing to address funding disparities for underrepresented groups.

Operations and Talent

Gen Nx360 Capital has promoted Pratik Rajeevan to partner, recognizing his experience in managing over ten platform companies and 30 add-on investments. On the governance front, Sequoia veteran Roelof Botha has joined the board of SpaceX, filling a vacancy following the company’s massive public offering. These organizational changes occur as firms re-evaluate tax strategies to optimize dealmaking outcomes and navigate a labor market where companies must go the extra mile to secure top-tier talent.