Private Equity 24 Hours

Last updated: July 4, 2026, 5:30 AM ET

Private Equity Deals & Investments

Blackstone's private wealth fund posted its strongest-ever monthly return, primarily driven by its significant stake in AI developer Anthropic. This performance underscores the growing investor appetite for artificial intelligence ventures within the private markets. In a separate development, European specialist Extendam has acquired a Spanish hotel portfolio, FST Hotels, from Eurazeo. The transaction signals continued activity in the hospitality sector, with specialized firms actively consolidating assets.

Meanwhile, venture capital firms backed by ETCI are reportedly experiencing internal disagreements over a proposed strategy to limit non-European investments, indicating potential friction in the ecosystem. Concurrently, ElevenLabs is seeking a $22 billion valuation in its latest share sale, a move that reflects the high stakes and ambitious growth targets within the generative AI space. The European Union's 30-year initiative to convert startup placements into patents highlights a long-term commitment to fostering innovation and intellectual property development within the region. Elsewhere, the Town of Wellesley is seeking an investment consultant for its retirement board and Other Post-Employment Benefits trust, a routine but necessary step for institutional asset management.