Private Equity 24 Hours

Last updated: July 1, 2026, 5:30 AM ET

Fundraising & Firm Activity

Tapestry VC has closed an $80 million third fund, focusing on repeat European founders and anticipating a new generation of AI-driven entrepreneurs. This follows Tapestry VC's launch of the fund. Meanwhile, ex-Speedinvest partner Rick Hao has launched a $50 million solo GP fund for deeptech startups backing deeptech ventures. In a notable move, Generation IM is raising $1 billion for a long-hold private equity strategy, with partner Tom Hodges suggesting conventional holding periods are insufficient for segment transformation. The ILPA has updated its guidance for CVs, reflecting an evolving market with new considerations for limited partners.

Dealmaking & Portfolio Moves

EQT has reportedly seen its $1.7 billion takeover bid for Australian fund manager Perpetual rebuffed, as the target's board holds out for better value. In software, FPE is backing utility software firm BMA, which provides decision intelligence for utility companies and infrastructure operators. Warburg Pincus agreed to acquire UK infrastructure services group Network Plus from OMERS Private Equity. In the healthcare sector, Frazier Healthcare Partners named Stephen Krupa as executive in residence for its buyout team, while Martis Capital backed healthcare marketing agency Deerfield Group. Cathay Capital launched Ascendia Autism Care, beginning operations with 20 centers across eight states.

Exits & Divestitures

IVEST Consumer Partners and Cloverlay have agreed to sell the Care Bears franchise to Authentic Brands Group, marking a roughly four-fold revenue increase since their 2023 acquisition selling the franchise. Genesis Capital has exited GTH Catering, a provider of corporate catering services. Xenon Private Equity is selling Italian tomato processor Solana to an Investindustrial-backed entity, exiting the business after just over two years. Altamont Capital sold comfort food chain Cotton Patch Cafe to Local Favorite Restaurants. RF Investment Partners has exited Ally Waste Services, concluding a partnership that began in 2022.

Healthcare & Education Investments

The global shortage of healthcare professionals is creating opportunities for private equity in medical education, according to PE International. The healthcare sector as a whole is showing signs of recovery after a challenging period, with asset-level data indicating improving conditions healthcare investments stabilizing. THL-backed Headlands Research, a clinical trial site network, has acquired Clinical Trials Research.

AI & Technology Focus

The increasing role of AI in HR and finance functions is forcing integration between these departments. AI is also dominating dealmaking, with AI startups attracting significant attention. Omnea, an AI software company, is offering employees $250,000 to plan their next startup, challenging traditional venture models with its "Future Found" initiative. Separately, Meta and OpenAI alumni are seeking $400 million for a new AI lab seeking AI lab funding. Venture capital firms are reportedly using AI incorrectly, with calls for better data infrastructure to connect with financial and accounting sources improving VC data.

Infrastructure & Services

Partners Group is investing $250 million in Avenue Capital's commercial aviation leasing portfolio through a continuation vehicle. Blackstone-backed Enverus acquired four PDS Energy Information exchange platforms, which are operating infrastructure for the US upstream industry. ICG Infra is backing Paulo Duarte Group, a temperature-controlled freight fleet operator in Portugal and Spain. Huron Capital-backed Albireo Energy acquired Pasco Building Automation Services, a provider of building controls and energy services. O2-backed Azureon acquired Pooltek Services, a residential pool care platform.

Consumer & Media

SumUp has launched a consumer account that rewards users for shopping at small businesses. Firebird has unveiled a music catalog acquisition platform with over $750 million in purchasing power, backed by Ares and Raine Group. Premier Lacrosse League secured $100 million in Series E financing led by Ares Management and Joe Tsai, the largest raise in the league's history.

Investor Landscape & Allocations

The Global Investor 150 ranking shows limited partners maintaining strong conviction in private equity despite market turbulence, with the top 10 investors allocating an average of 21% to the asset class, totaling $1.1 trillion top LP allocations. However, Colorado PERA is considering a pullback from private equity due to underperformance, a sentiment echoed by other LPs falling short of benchmarks pension fund caution. The European Bank for Reconstruction and Development (EBRD) has surpassed €10.5 billion in wartime financing for Ukraine, building out private capital mobilization tools EBRD Ukraine support.

Promotions & Personnel

Inflexion announced several internal promotions, with Sachin Mitra, James Stevens, and Freddy West all elevated to partner. Gen Nx360 appointed Welela Dawit as operating partner to support value creation initiatives across its portfolio.