Private Equity 24 Hours

Last updated: June 23, 2026, 8:30 AM ET

Dealmaking & Fundraisings

Private equity firms continue to actively deploy capital, with Incline Equity investing in West Physics, a provider of testing services for medical imaging equipment. Similarly, Great Hill Partners made an investment in the pet grooming franchise Woof Gang Bakery & Grooming, indicating sustained interest in consumer services. In a move to expand its offerings, Hyve acquired the C-suite community platform Virtuosi League, supported by previous backers Providence Equity Partners and Searchlight Capital Partners. Highlighting a strategic shift, Greybull Stewardship snapped up Genesys Industries, consolidating three American manufacturing brands. Meanwhile, LDC invested in Nu-Style Products, a manufacturer of laminate wall panels. Signal Hill-backed Aeterna Group, an architecture and engineering firm formed by the unification of five existing entities, also launched this week.

Divestments & Exits

CVC has agreed to exit its stake in Fast Logistics Group, the Philippines' leading third-party logistics provider, after a five-year holding period, with the founding family set to regain full control. In a significant transaction, TPG Capital is exiting its investment in Australian drinks and dairy producer Made Group, with Danone set to acquire the business for $1.4 billion.

Fund Operations & Strategy

Clearlake Capital closed its eighth flagship fund at $14.8 billion, with a stated focus on artificial intelligence. Elsewhere, Apollo's retail credit fund is only able to meet a fraction of its redemption requests, as exits within the fund reached 17%. Investors are increasingly concerned about "zombie funds," or tail-end vehicles holding illiquid assets, with Virginia's state pension system expressing worries about General Partner selection and the persistence of these funds amid ongoing liquidity pressures. This sentiment is echoed by reports indicating that the "zombie fund" problem persists, with investors anticipating a rise in such vehicles.

Secondaries & Platform Building

Mubadala’s indirect investments arm, which established its secondaries unit in 2024, is expanding its team with a senior hire to oversee its portfolio. In a move to create a larger private markets platform, Flexstone Partners agreed to acquire Glouston Capital Partners, a secondaries specialist, aiming to form a combined entity managing $15 billion.

Live Events & Sector Focus

Private equity firms are increasingly targeting the live events sector, a market projected to exceed $1.2 trillion by 2032. Firms like Apollo and Platinum Equity are actively participating in this burgeoning space.

Credit & Capital Solutions

Brookfield is seeking a $525 million loan to fund a dividend recapitalization for its Australian non-bank lender La Trobe Financial and to refinance existing debt. In a separate development, MBK Partners' Godiva Japan is in talks with its banking syndicate to extend the repayment deadline on its leveraged buyout debt.

Firm Management & Appointments

TPG appointed Axel André as Partner and Chief Financial Officer, effective July 27, 2026. Current finance chief Jack Weingart will transition to lead the firm's growing private wealth arm.

IPO & Public Markets Focus

Italian software acquirer Bending Spoons, employing a private equity-style strategy, is seeking to raise as much as $1.62 billion in an initial public offering, according to a Bloomberg report assisted by some of its backers. Data analytics company Apps Flyer is reportedly eyeing public markets after securing over $1 billion in a Series E funding round at a $2.7 billion valuation.

Artificial Intelligence & Healthcare

AI is significantly impacting drug discovery by enabling faster screening of compounds, according to Jean-François Billet, head of buyout at Mérieux as reported by PE Hub. This acceleration is drawing keen interest from private capital.

Early-Stage & Venture Capital

Seedcamp has raised $320 million for its latest fund, signaling an expansion of its U.S. presence after 18 years of focusing on Europe. In a testament to the power of crowdfunding, one group of fintech founders raised €8 million in less than an hour.

Geographic Focus: UK Startups

Discussions surrounding the impact of Brexit on UK startups continue, with analysis suggesting areas where the policy both succeeded and faltered. There is also ongoing debate about potential government initiatives, such as what Andy Burnham might propose for the sector.

Geographic Focus: European Business

Global hiring has emerged as a significant growth strategy for European businesses, as detailed in recent analyses examining this trend.