Private Equity 24 Hours

Last updated: July 1, 2026, 11:30 AM ET

Fundraising & Investor Activity

Hamilton Lane closed its sixth direct equity fund at $3.8 billion, marking its largest fundraising to date. The fund, alongside the Hamilton Lane Equity Opportunities Fund VI, signals continued investor appetite for direct equity strategies. In the public sector, the MWRA issued an RFP for a private equity buyout mandate, signaling potential commitments of up to $20 billion. Separately, Tapestry VC launched an $80 million third fund specifically aimed at backing repeat European founders, betting on a new generation of entrepreneurs emerging from AI exits. Former Speedinvest partner Rick Hao also closed a $50 million solo GP fund dedicated to deeptech startups.

Buyouts & Exits

KKR is acquiring the US and Canadian operations of EDF's power solutions business for $4.2 billion, expanding its renewable energy footprint. In South Korea, KKR is also taking control of a $1.3 billion renewable energy platform in partnership with SK, aiming to establish the nation's largest clean power enterprise to support the country's AI build-out KKR takes control. Harvest Partners acquired Integra Testing Services from Keystone Capital Management Harvest Partners scoops up. Peak Rock sold its geospatial services firm SAM to New Mountain Capital, having originally acquired SAM in 2021 Peak Rock sells. Inflexion divested its manufacturer Avantus Aerospace to Arcline, which will integrate Avantus into its existing Novaria Group Inflexion sells manufacturer. First Reserve-backed Trillium Flow Technologies sold select valve businesses to Flowserve, excluding its French operations First Reserve-backed Trillium. Xenon Private Equity exited its investment in Italian tomato processor Solana, selling the group to Investindustrial-backed La Doria after just over two years Xenon exits. Genesis Capital exited its catering services firm GTH Catering Genesis Capital exits.

Growth Investments & Portfolio Add-ons

Investcorp-backed Sunrise Produce acquired Family Tree Produce, bolstering its wholesale produce distribution in Southern California Investcorp-backed Sunrise. Ardian Semiconductor completed a minority investment in VSORA, a French fabless company developing AI inference accelerators for data centers Ardian Semiconductor invests Ardian Semiconductor takes. Verlinvest and Five Seasons are backing pet nutrition company Years, which produces ambient-stored, fresh-ingredient dog meals Verlinvest, Five Seasons back. Cathay Capital launched Ascendia Autism Care, beginning operations with 20 centers across eight states Cathay Capital rolls out. TSCP-backed Pest Co acquired Arrow Pest Control, a provider of pest control services in Missouri TSCP-backed PestCo snaps up. Volpi Capital acquired a majority stake in archiving software firm kgs, which provides legally compliant document archiving for enterprise SAP environments Volpi Capital takes. Truelink invested in Horwitz, a firm focused on servicing complex commercial and industrial facilities in the Midwest Truelink invests.

Sector Focus: AI & Technology

Brookfield has expanded its financing framework with Bloom Energy to $25 billion, a fivefold increase since October 2025, to support rapid power generation for AI infrastructure Brookfield lifts. Firebird has launched a music catalog acquisition platform with over $750 million in purchasing power, backed by Ares and Raine Group Firebird unveils. In the healthcare sector, THL-backed Headlands Research acquired Clinical Trials Research, a clinical trial site network. Houlihan Lokey's Allan Burton noted that medical device investments are stabilizing due to long-term trends supporting hospital equipment service organizations, while FPE backed utility software firm BMA FPE backs utility.

Capital Markets & IPOs

Bending Spoons priced its Nasdaq IPO at $29.00 per share, above its initial range, allowing its backers to cash in. The Milan-based technology group, which operates like a private equity acquisition machine, saw strong demand for its offering. Meanwhile, Klarna secured a $1.97 billion win in an antitrust lawsuit against Google, a significant legal victory for the payments company.

Secondaries & Continuation Funds

Behrman completed a $250 million continuation fund for Shurco, with Coller Capital leading the investment alongside Northleaf Capital Partners and Siguler Guff. Secondaries buyers are showing increasing comfort with fund financing for continuation vehicles, aiming to optimize returns, according to discussions at the European Fund Finance Symposium Secondaries investors grow. Partners Group is the sole lead investor in a $250 million continuation vehicle for Avenue Capital Group's commercial aviation leasing portfolio Partners Group invests.

Team Moves & Firm News

Blue Wolf Capital appointed Vanessa Generelli as its Chief Financial Officer. Eve Mongiardo, the former CFO, will continue as a partner and chief compliance officer. Inflexion announced several partner promotions, including Sachin Mitra, James Stevens, and Freddy West Inflexion announces.

Other Notable Deals & Activity

IVEST and Cloverlay agreed to sell the Care Bears brand to Authentic Brands Group, having quadrupled its revenue in the three years since their acquisition. The deal is expected to close by the third quarter of 2026. Ares Management and Joe Tsai led a $100 million Series E financing for the Premier Lacrosse League, the largest capital raise in the league's history Ares and Joe Tsai lead. EQT's unsolicited takeover approach for Australian fund manager Perpetual was rebuffed, with the board holding out for a higher valuation EQT's $1.7bn tilt.