Private Equity 24 Hours

Last updated: June 27, 2026, 5:30 AM ET

AI & Venture Capital Fuel Megadeals

The artificial intelligence sector continues to dominate venture funding, with this week’s largest U.S. startup funding rounds heavily concentrated in AI drives another spree. Beyond AI, biotechnology emerged as the second-largest area for startup investment. Berlin-based Peec AI is reportedly seeking a $200 million valuation in its latest fundraising round targeting $200m valuation. In a sign of the sector's immense scale, MGX is raising close to $50 billion for what is poised to be one of the largest AI-focused funds ever assembled raises close to $50bn.

Private Equity Dealmaking Across Sectors

Private equity firms are actively pursuing deals across a diverse range of industries. Warburg Pincus is set to acquire Network Plus, a UK provider of utility and infrastructure services to acquire Network Plus. In the digital advertising space, Kline Hill led a deal for Plaza Ventures' stake in Stack Adapt, a transaction considered one of Canada's highest-returning venture capital deals amid ongoing AI disruptions leads on Plaza Ventures’ CV. Partners Group-backed Sure Werx has acquired Genesi, an Italian maker of work-at-height and confined space safety products acquires Italy’s Genesi.

Strategic Partnerships & Funding Programs

Large institutional investors are anchoring significant funding programs. CPP Investments and Blackstone Credit have established a strategic relationship with Element Fleet Management, committing flexible funding to the vehicle management services provider. In a notable move, General Atlantic has appointed tennis legend Novak Djokovic as a global strategic advisor, where he will collaborate with the firm’s leadership, portfolio companies, and investors taps tennis champion.

Firm Exits & Public Offerings

Several private equity firms are exploring exits or have guided portfolio companies toward public markets. L Catterton is reportedly exploring a sale of Thorne, a U.S. supplements manufacturer, with a potential valuation of up to $4 billion, drawing interest from bidders including Unilever lines up Thorne exit. Reformation, a sustainable womenswear brand backed by Permira for approximately seven years, has filed for an initial public offering on the New York Stock Exchange, signaling a potential exit for the firm nears Reformation exit. JFLCO-backed Doncasters has successfully listed on the New York Stock Exchange under the ticker symbol "DPC" Doncasters goes public.

Sector Focus: Radiology & CDMOs

The radiology sector is attracting significant private equity interest, with firms like Archimed, HCAP, Hg, and Kain Capital pursuing transactions targets radiology assets. Archimed, Grovecourt, and Kain Capital are specifically noted for their involvement in radiology deals, while Latticework and Edgehill are backing the acquisition of CDMO brands through Life Science Connect Radiology deals attract.

Other Notable Investments & Acquisitions

CVC Capital Partners, through its Fund IX, is investing in Chess.com, the world's largest online chess platform, joining General Atlantic as an investor backs Chess.com. Norwest has invested in East Range Group, a firm specializing in high-purity water systems, to support its growth in people, customers, and capabilities invests in high-purity water systems. Park South Ventures-backed Infinite has acquired Greentarget UK, a communications agency focused on financial and professional services picks up Greentarget UK. Meanwhile, Bain Capital and LY Corporation are preparing a rival bid for the Japanese price-comparison group Kakaku.com, potentially challenging an existing offer from EQT ready rival bid.

Investor Intentions & Future Commitments

institutional investors are planning their private equity allocations. Ohio STRS, a public pension fund, has set a pacing plan for 2027, aiming to commit up to $1.5 billion in new private equity investments for its fiscal year sets private equity pacing plan. The sector is also seeing discussions on how to increase funding for Black founders, with six investors sharing advice for overlooked entrepreneurs and ways the venture industry can improve inclusivity fund more Black Founders.