Private Equity 24 Hours

Last updated: July 1, 2026, 2:30 AM ET

Venture Capital & Fundraising

New venture capital funds are emerging, with Tapestry VC launching an $80 million fund aimed at backing repeat founders. Former Speedinvest partner Rick Hao closed a $50 million solo GP fund focusing on deeptech startups. In the UK, startups praised the government's defense investment plan, signaling potential new avenues for innovation. Meanwhile, the University of Edinburgh's spinouts are seeking new capital, pointing to ongoing activity in university-led ventures.

Deeper dives into AI and specialized tech continue to attract significant backing. DeepMind and Gensyn angels are backing Xylo in a £2.8 million raise, underscoring the appeal of AI-driven companies. One founder a $17 million deal, illustrating a strategic shift toward external funding for rapid growth. The burgeoning AI sector is also seeing alumni from major tech firms launch new ventures, with Meta and OpenAI alumni seeking $400 million for a new AI lab. Separately, former DeepMind researchers are now building a company valued at over $500 million.

Private Equity Dealmaking & Strategy

The private equity landscape is marked by a flurry of acquisitions and strategic moves. Warburg Pincus is acquiring UK infrastructure services group Network Plus from OMERS, a significant transaction in the utilities sector. In healthcare, acquiring Clinical Trials Research, expanding its clinical trial site network. backing healthcare marketing agency, and rolling out Ascendia Autism, indicating continued investment in specialized healthcare services.

The testing, inspection, certification, and compliance (TICC) sector is drawing considerable private equity interest. carve out Bureau Veritas’, with a similar deal involving Triton entering exclusive talks. set to acquire eCOGRA, a provider of testing services for the gaming industry. This activity highlights the sector's appeal due to predictable, regulatory-underpinned revenues.

In other sectors, Wynnchurch Capital is exiting its aerospace components business PFG to HIG Capital, a deal observed amidst a broader trend of AI dominating dealmaking in the first half of the year. Partners Group is investing $250 million in Avenue Capital’s commercial aviation leasing portfolio through a continuation vehicle. Meanwhile, CVC is acquiring Italy’s Clevertech, a manufacturer of industrial automated packaging systems, and CVC Credit is backing Ufenau's merger of infrastructure services groups KSG and Sasti, forming a pan-European critical infrastructure services platform.

Investor Allocations & Market Trends

Large institutional investors continue to show strong conviction in private equity despite market fluctuations. The Global Investor 150 ranking reveals the world's largest LP allocators, with the top 10 investors holding a combined $1.1 trillion in private equity. These leading allocators demonstrate strong conviction in the asset class, even amid concerns over returns. However, some pension funds are re-evaluating their exposure. Colorado PERA is considering following underperformance relative to benchmarks.

The medical education sector presents a growing opportunity for private equity, driven by a global need for more healthcare professionals. This trend is supported by asset-level data showing the healthcare sector is on the mend after a challenging period. In other strategic developments, Generation IM is raising $1 billion for a long-hold private equity strategy, aiming for longer holding periods to facilitate deeper transformation within portfolio companies. The ILPA has updated its guidance for CVs, reflecting the evolving market.

AI & Technology Investments

Artificial intelligence continues to be a dominant theme in investment, with significant capital flowing into AI-focused companies and infrastructure. GV's Dave Munichiello discussed, pointing to evolving strategies in managing AI computing costs. The potential for Hong Kong to serve as a gateway to Asia's AI boom is also being explored. New venture models are emerging, such as Omnea's initiative to offer employees $250,000 to plan their next startup, challenging traditional venture capital approaches.

Concerns about data quality are also surfacing, with arguments that venture capital firms are using AI incorrectly and need better data infrastructure. Meanwhile, the challenge of high AI computing costs is prompting innovative solutions and partnerships. The Premier Lacrosse League has raised $100 million in a Series E financing, led by Ares Management and Joe Tsai, marking the largest capital raise in the sport's history and signaling broader investment interest beyond pure tech.