Private Equity 24 Hours

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

Fundraising & Fund Closures

Early-stage investor Seedcamp has closed on $320 million across two funds, including a $220 million seventh fund and a $100 million select fund, to back seed startups. This capital raise will fuel Seedcamp's expansion into the United States market after nearly two decades focusing on Europe Seedcamp's US push. In the secondaries market, INVL Family Office launched a private equity secondaries fund with Adams Street Partners, offering clients access to global private equity secondaries. Meanwhile, Clearlake Capital successfully closed its eighth flagship fund at $14.8 billion, with a stated focus on artificial intelligence investments.

Dealmaking & Acquisitions

Greybull Stewardship snapped up manufacturer Genesys Industries, uniting three American brands—Avia Marine Company, Latrobe Foundry, and Sterner Screw Machine—under a single platform. In a move to bolster its manufacturing presence, LDC invested in Nu-Style Products, a company specializing in the design, manufacturing, and supply of laminate wall panels. On the technology front, data analytics firm AppsFlyer is reportedly weighing an initial public offering after securing more than $1 billion in a Series E funding round at a $2.7 billion valuation. In a significant transaction within the defense sector, Advent-backed Cobham Ultra Group agreed to sell its Ultra Mission Solutions' defense tech business to Booz Allen for $720 million.

Private Markets & Platform Building

Flexstone Partners has agreed to acquire Glouston Capital Partners, a Boston-based secondaries specialist, creating a $15 billion private markets platform. This acquisition signals continued consolidation and growth in the secondaries space. Elsewhere, Investcorp is acquiring a majority stake in UK facilities management firm Smart Managed Solutions in a deal valued at over $200 million, expanding its footprint in the UK market Investcorp's UK move.

Corporate Finance & Exits

TPG Capital is exiting its investment in Australian drinks and dairy producer Made Group, agreeing to sell the business to Danone for $1.4 billion. In a separate development at TPG, Axel André has been appointed as partner and CFO, succeeding Jack Weingart who will transition to lead TPG’s global wealth solutions business. Brookfield is seeking a loan of approximately $525 million to fund a dividend recapitalization for its Australian non-bank lender La Trobe Financial and to refinance existing debt. In a bid to extend its leveraged buyout loan, Godiva Japan, owned by MBK Partners, is in talks with its banking syndicate for an extension on its $464 million debt.

Investor Concerns & Market Trends

Limited partners are increasingly voicing concerns over "zombie funds," or tail-end vehicles holding assets, amid liquidity pressures and difficulties for general partners in differentiating themselves LP concerns over zombie funds. Virginia's $134 billion state pension system is among those worried about GP selection and the persistence of these tail-end vehicles Virginia pension system worries. Despite these concerns, around 40% of LPs expect continued growth in capital commitment activity, with some adopting more concentrated investment approaches. The laundry services sector is attracting significant private equity interest due to its perceived resilience to AI disruption, with firms like The Sterling Group, Cornell Capital, and Surge Private Equity actively investing PE firms target laundry services.

Sector Focus: AI & Software

The next generation of software is expected to be AI-native and industry-specific, moving beyond the current Saa S model. Industry experts believe that vertical AI companies with deep domain expertise will be the primary beneficiaries of this shift AI-native software wave. In Europe, there is a concerted effort to build domestic AI infrastructure, with calls to 'own and control the entire AI stack' Europe focuses on AI infrastructure. However, some AI startups are facing internal challenges, with Unlikely AI reportedly experiencing widening losses and undergoing a strategic shakeup Unlikely AI faces challenges.

Venture Capital & Startups

Globally, robotics startups have seen a significant surge in venture funding, raising $18.8 billion in 2026 year-to-date, surpassing the $15 billion raised in all of 2025 Robotics startups attract record funding. In a notable development for early-stage investment, European investor Seedcamp has closed on $320 million across two funds to back seed startups and expand its US footprint. Meanwhile, fintech founders successfully crowdfunded €8 million in less than an hour, demonstrating strong investor appetite for innovative financial technology.

Other Deals & Appointments

Castlelake has taken its takeover proposal for easy Jet, valued at $6.3 billion, directly to shareholders after the airline's board rejected three prior approaches Castlelake's easy Jet bid. Northleaf Capital Partners and Cornell Capital are among private equity firms investing in the laundry services sector. Signal Hill-backed Aeterna Group has been formed through the unification of five architecture and engineering firms. Flexpoint Ford has invested in Novel Financial Holdings, broadening its ownership base. Littlejohn has promoted Charles Leung to managing director.