Private Equity 24 Hours

Last updated: June 22, 2026, 11:30 AM ET

Private Equity Dealmaking and Fund Activity

Private equity firms are navigating a complex market, with a notable increase in concern over "zombie funds" and tail-end assets zombie fund problem. Limited partners (LPs) are expressing worries about general partner (GP) selection and the growing number of vehicles holding legacy assets amid persistent liquidity pressures and a struggle for GPs to differentiate themselves LPs concerned about tail-end assets. This environment is prompting strategic shifts, such as Flexstone Partners, affiliated with Natixis, agreeing to acquire secondaries specialist Glouston Capital Partners, creating a substantial $15 billion private markets platform Flexstone to acquire Glouston. In a move to broaden its ownership base, Flexpoint Ford has invested in Novel Financial Holdings Flexpoint Ford invests in Novel.

Sector-Specific Investments and Exits

The laundry services sector is experiencing a surge of private equity interest, with firms like The Sterling Group, Cornell Capital, Surge Private Equity, Northleaf Capital Partners, HIG Capital, and Mainsail Partners actively investing PE firms tackle college sports. Separately, TPG Capital is exiting its Australian drinks and dairy producer Made Group in a $1.4 billion sale to Danone TPG Capital exits Made Group. In a significant defense sector transaction, Advent-backed Cobham Ultra Group is set to sell its Ultra Mission Solutions business to Booz Allen for $720 million, bolstering Booz Allen's capabilities in mission-critical software and encryption Advent-backed Cobham sells defense tech.

Fundraising and Expansion

Early-stage investor Seedcamp is expanding its U.S. footprint, having raised $320 million across two new funds to fuel its growth Seedcamp raises $320M for US, Revolut, Wise, UiPath-backer Seedcamp raises $320m. This expansion marks a significant step for the firm