Private Equity 24 Hours

Last updated: June 23, 2026, 11:30 PM ET

Venture Capital & AI Investments

Menlo Ventures has secured a significant $3 billion in new funds across two vehicles, marking the largest capital raise in its 50-year history largest capital raise. The firm, which has established a strong reputation for AI investments, plans to deploy this capital into AI startups from seed through growth stages, building on a previous $750 million bet on Anthropic betting the firm. This influx of capital into AI underscores continued venture capital conviction in the sector, despite ongoing discussions about potential valuation inflation and the sustainability of rapid revenue growth AI bubble.

Dealmaking & Acquisitions

Acorn Capital is set to divest Berry Aviation for $105 million to Bristow Group, a provider of vertical flight solutions sell Berry Aviation. In the manufacturing intelligence space, Teleo Capital has acquired Modersys from Applied Materials, Inc. scoops up Modersys. Apheon is also expanding its reach by acquiring Easi, a Belgian business software and managed IT services provider with over 1,500 clients acquire managed IT biz. Meanwhile, Brightstar Capital has bolstered its portfolio with the acquisition of healthcare architecture firm Erdman, which will operate as an add-on to its existing company KZF Design snaps up Erdman.

Platform Builds & Add-On Acquisitions

Mangrove Equity Partners has launched a new platform, Peak Pavement Group, and immediately added two businesses to it: HD Sealcoating & Paving Solutions and Maintain It All rolls out new platform. Similarly, Incline Equity Partners has invested in West Physics, a provider of testing services for medical imaging equipment like MRI and CT scanners invests in West Physics. HIG Capital-backed Axis CLC has acquired Fieldway Group, which specializes in fire safety and compliance services picks up Fieldway Group. In the life sciences sector, PE-backed Life Science Connect is creating a biopharma outsourcing platform through the acquisition of Pharma Source and CDMO Live picks up biopharma brands.

Live Events & Sports Sector Interest

The live events sector is attracting considerable private equity interest, with firms like Apollo, Hellman & Friedman, and Platinum Equity making investments invest in live events. This surge in activity is driven by the global market's projected growth to exceed $1.2 trillion by 2032 banking on live events. In the sports realm, KKR-owned Arctos Partners is backing a $288 million Tennessee stadium district development, part of a broader strategy to build mixed-use entertainment districts adjacent to sports venues backs stadium district.

Fundraising & Capital Allocation

Allianz Global Investors has held the first close of its third Asia Pacific private credit fund, Allianz Asia Pacific Secured Lending Fund III (AAPSLF , securing $744 million in commitments gathers $744m. Pantheon's infrastructure secondaries funds have surpassed their targets, with both Pantheon and Ardian launching flagship funds that rank among the largest in the sector ahead of their final closes infra secondaries surpasses target. Separately, ADIC, Mubadala's indirect investment arm, has hired senior personnel for its secondaries unit, which deployed $19 billion in 2025 senior secondaries hire.

Specific Sector Investments

Reverence Capital is set to invest in Eide Bailly, a CPA firm, aiming to accelerate its strategy and expand client services invest in CPA firm. L Catterton has taken a significant minority stake in the clean haircare brand RŌZ, founded by celebrity hairstylist Mara Roszak takes minority stake. Great Hill Partners has invested in the pet grooming franchise Woof Gang Bakery & Grooming, with Garnett Station Partners remaining a substantial investor invests in Woof Gang. Juniper Capital is backing AV systems design firm Bug ID, with founder Matt Lavine retaining a meaningful equity stake backs AV systems firm.

Strategic Exits & Divestitures

CVC Capital Partners is reportedly considering a €6 billion exit from Cooper Consumer Health, with Cap Vest-owned Stada emerging as a potential buyer weighs €6bn exit. CVC is also exiting its stake in Fast Logistics Group, a Philippine logistics provider, with the founding family taking full control after a five-year holding period exits logistics leader. In another divestiture, Acorn Capital is selling Berry Aviation for $105 million to Bristow Group sell Berry Aviation.

Market Dynamics & Regulatory Considerations

A Virginia state pension fund has reduced its target allocation to private equity for the first time in over 15 years, citing volatility concerns cuts private equity target. Japan's upcoming tax overhaul may provide a short-term boost to M&A transactions this year before changes take effect in 2027, potentially impacting succession opportunities for private equity tax overhaul could impact. Discussions around AI valuations and ARR inflation continue to shape venture capital sentiment AI bubble.

Company-Specific Transactions

Berkshire Partners is making a C$1.775 billion investment in Harbourfront Wealth Group invests in Harbourfront Wealth. Bending Spoons, an Italian software acquirer, is seeking to raise up to $1.62 billion in an IPO alongside some of its backers seek up to $1.62bn. Platinum Equity is also acquiring manufacturer Tangent Technologies, with the transaction expected to close in the third quarter of 2026 acquire manufacturer.

Industry Trends & Sector Focus

The healthcare sector is seeing AI integration, with potential applications in drug discovery and accelerated compound screening, though adoption rates vary AI impacting healthcare. Private capital is reportedly keen to participate in the UK's defense plans keen to be part of UK defense. The European tech stack is undergoing a rebuilding phase rebuilding its tech stack, while global hiring has become a growth strategy for European businesses global hiring became growth strategy.

Secondaries Market Activity

ADIC's secondaries unit, launched in 2024, has hired senior staff to oversee its portfolio senior secondaries hire. Pantheon's infrastructure secondaries funds have surpassed their targets, positioning them among the largest in the sector ahead of final closes infra secondaries surpasses target. The use of bespoke Special Purpose Vehicles (SPVs) by limited partners is reportedly doubling, creating back-office challenges for general partners appetite for bespoke SPVs.

Portfolio Company Updates

PE-backed Hyve has acquired Virtuosi League, a C-suite community platform, adding to its existing portfolio which previously saw backing from Providence Equity Partners and Searchlight Capital Partners acquires C-suite community platform. In a move within the broader industry, TPG has appointed Axel André as Partner and Chief Financial Officer, with the current finance chief moving to lead the firm's private wealth arm names Axel André as CFO. Apollo's flagship retail credit fund is meeting only 5% of redemption requests due to quarterly limits, while exit rates stand at 17% meets 5% of redemption requests.