Private Equity 24-Hour Briefing
×Last updated: July 1, 2026, 5:30 AM ET
Fundraising & Firm Activity
Tapestry VC sifted.eu 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 news.crunchbase.com of the fund. Meanwhile, ex-Speedinvest partner Rick Hao has launched a $50 million solo GP fund for deeptech startups backing deeptech ventures sifted.eu. In a notable move, Generation IM privateequityinternational.com 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 secondariesinvestor.com 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 pehub.com 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 pehub.com named Stephen Krupa as executive in residence for its buyout team, while Martis Capital pehub.com backed healthcare marketing agency Deerfield Group. Cathay Capital pehub.com launched Ascendia Autism Care, beginning operations with 20 centers across eight states.
Exits & Divestitures
IVEST Consumer Partners pehub.com 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 pehub.com 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 pehub.com sold comfort food chain Cotton Patch Cafe to Local Favorite Restaurants. RF Investment Partners pehub.com has exited Ally Waste Services, concluding a partnership that began in 2022.
Healthcare & Education Investments
The global shortage of healthcare professionals is creating opportunities privateequityinternational.com 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 privateequityinternational.com. THL-backed Headlands Research pehub.com, 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 sifted.eu between these departments. AI is also dominating dealmaking, with AI startups attracting significant attention. Omnea news.crunchbase.com, 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 sifted.eu. Venture capital firms are reportedly using AI incorrectly, with calls for better data infrastructure to connect with financial and accounting sources improving VC data news.crunchbase.com.
Infrastructure & Services
Partners Group pehub.com is investing $250 million in Avenue Capital's commercial aviation leasing portfolio through a continuation vehicle. Blackstone-backed Enverus pehub.com acquired four PDS Energy Information exchange platforms, which are operating infrastructure for the US upstream industry. ICG Infra pehub.com is backing Paulo Duarte Group, a temperature-controlled freight fleet operator in Portugal and Spain. Huron Capital-backed Albireo Energy pehub.com acquired Pasco Building Automation Services, a provider of building controls and energy services. O2-backed Azureon pehub.com acquired Pooltek Services, a residential pool care platform.
Consumer & Media
SumUp sifted.eu has launched a consumer account that rewards users for shopping at small businesses. Firebird pehub.com 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 privateequityinternational.com 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 privateequityinternational.com. 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 privateequityinternational.com. 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 pehub.com announced several internal promotions, with Sachin Mitra, James Stevens, and Freddy West all elevated to partner. Gen Nx360 pehub.com appointed Welela Dawit as operating partner to support value creation initiatives across its portfolio.