Private Equity 24 Hours

Last updated: June 18, 2026, 11:30 AM ET

Market Activity & Deal Flow

Private equity firms are contending with a paradox where record dry powder levels coincide with a persistent sluggishness in deal completions, even as the volume of companies testing the market remains at historical highs. This cautious environment has not deterred significant activity in the mid-market space, where Bertram Capital-backed Ridgeline Roofing recently expanded its footprint by acquiring Freedom Roofing & Construction. Meanwhile, Riverside Company’s investment in infrastructure software firm Asset Intel highlights the ongoing demand for specialized technology that supports federal and municipal asset management. As firms look to prune portfolios, Platinum Equity is moving to divest its HVAC equipment supplier Heat Controller, a business it integrated following its broader acquisition of Motors & Armatures, Inc.

Strategic Acquisitions & Take-Privates

The public-to-private landscape is witnessing notable shifts, evidenced by Altaris’s $375m acquisition of Simulations Plus, which will see stockholders receive $18.50 per share. This deal follows a significant restructuring event in the software sector, where a Blackstone-led consortium—including Apollo and KKR—took control of Medallia. The transaction marks a difficult exit for Thoma Bravo, which absorbed a $5bn loss on the entity. Elsewhere in the healthcare services space, DFW-backed Singlepoint Healthcare is scaling its infusion operations through the acquisition of Healix, while Avista-backed EBI has bolstered its bone growth stimulation portfolio by purchasing the Xstim unit from Precision Medical Products.

Infrastructure & Specialized Tech

Infrastructure remains a primary focus for capital deployment, with KPS Capital investing in the infrastructure products provider Jennmar, while allowing Falcon Point Partners to retain a minority stake. The sector is also seeing EQT’s planned acquisition of Exolaunch, a company providing mission-critical satellite deployment and integration technology. This interest in infrastructure extends to the secondaries market, where Allianz Global Investors is scaling its focus on infrastructure funds and co-investments to capture what it describes as a growing number of attractive opportunities in a market that has expanded to significant scale.

Venture Capital & Corporate Strategy

Corporate venture capital is facing a period of retrenchment, exemplified by the closure of PayPal Ventures after a decade of operation and 80 completed investments. This contraction comes as AT&T Ventures head Vikram Taneja observes a fundamental change in seed-stage defensibility, noting that while AI has lowered the barrier to software development, it has forced startups to redefine how they maintain a competitive edge. Despite the cooling in some corporate arms, General Atlantic is engaged in early discussions to lead a $2bn-plus financing round for Kling AI, the video generation arm of Kuaishou Technology, signaling that the appetite for high-stakes AI infrastructure remains robust among top-tier global investors.

Fundraising & Organizational Shifts

European private equity fundraising is showing resilience, as Charterhouse Capital Partners has surpassed its €1.5bn target for its latest flagship fund, with a final close expected after the summer. This activity aligns with the broader market trend involving the evolution of legacy firms and the ongoing consolidation of secondaries players. As these firms deploy capital, there is an increasing emphasis on internal governance and leadership; ICG’s Louis Dawant notes that the act of investing is inherently an exercise in influencing management teams and shaping the future composition of corporate talent.

Niche Markets & Growth Capital

Growth capital continues to flow into specialized sectors, such as the adventure travel industry, where BGF has invested in Wild Frontiers, a firm that manages over 375 annual tours across 60 global destinations. In the financial technology space, Nordic Capital is set to acquire the finance platform Liberis, a move that underscores the ongoing consolidation of fintech service providers. Meanwhile, Flagright has secured $12.5m in funding to accelerate its U.S. expansion, illustrating that even in a selective environment, early-stage firms with clear regulatory and compliance utility can attract substantial backing to fuel their growth trajectories.