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Private Equity 24 Hours

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11 articles summarized · Last updated: LATEST

Last updated: July 3, 2026, 5:30 PM ET

Private Equity

Blackstone's private wealth fund posted its strongest-ever monthly return, propelled by a significant stake in AI developer Anthropic. This surge underscores the growing investor appetite for AI-focused ventures within the alternative asset management space. Meanwhile, the Town of Wellesley is seeking an investment consultant for its retirement board and Other Post-Employment Benefits trust, signaling ongoing diligence in public pension fund management. In Europe, Eurazeo exited its Spanish hotel portfolio, selling FST Hotels to hospitality-focused private equity firm Extendam, marking a shift in hospitality asset ownership.

The European venture capital scene is witnessing internal discussions regarding investment strategies, with ETCI-backed VC firms splitting over proposals to limit non-European investments. This debate signals a broader conversation about national versus pan-European growth priorities. In a separate development, ElevenLabs is reportedly targeting a $22 billion valuation through a new share sale, reflecting the intense competition and high valuations in the generative AI sector. Europe's startup ecosystem continues to mature, with an initiative turning startup placements into over a 30-year period, demonstrating a long-term commitment to innovation. The region is also seeing a steady creation of billion-dollar companies, with one unicorn emerging weekly as a new European model for startup growth.

In the secondaries market, Evercore has bolstered its Asia team with talent from Harbour Vest, aiming to capitalize on growing demand for liquidity in the region. Digital infrastructure is experiencing significant momentum Europe, with Sandbrook announcing a €200 million investment in Krios, a platform developing data center capacity. This focus on digital infrastructure is paralleling the rise of AI labs, with King's Cross becoming a hub for such entities in London. On the U.S. venture front, Thiel Capital's Jack Selby in burgeoning startups like Etched through his firm Copper Sky Capital, which is raising a $300 million second fund.