Private Equity 24 Hours

Last updated: July 15, 2026, 2:30 AM ET

Private Equity Firms Consolidate and Expand Portfolios

Private markets are witnessing a wave of consolidation as major players like KKR, Apollo, and Clearlake acquire other firms. KKR is set to acquire a 51 percent stake in Thomson Reuters’ global print business for $500 million, creating a joint venture where Thomson Reuters will retain a 49 percent equity stake. In other portfolio activity, CAI Capital-backed Green Arrow acquired three transportation tech firms, while Innovatus-backed Meet The People scooped up ad agency The Loomis Agency and its digital marketing arm. Gryphon-backed SMG also expanded its reach by acquiring health, safety, and environmental services firm CrossSafety, and Great Point-backed Vetn Care added Holistic Veterinary Care to its community of veterinary hospitals. ACP-backed Marco acquired industrial products supplier Rocket Seals, and Odyssey invested in packaging and logistics firm Trans Pak to support its growth.

Healthcare and Life Sciences Attract Significant Investment

The healthcare and life sciences sectors continue to draw substantial private equity interest. Archi Med is taking biopharma firm Esperion Therapeutics private for $1.1 billion, focusing on therapies for cardiometabolic and rare diseases taking private. Warburg Pincus-led investors are acquiring a controlling stake in pharmacy Pantherx Rare from sellers Nautic Partners, General Atlantic, and The Vistria Group acquiring stake. In a move highlighting the burgeoning field of AI in drug discovery, an OpenAI researcher is reportedly in talks to launch a startup valued at $2 billion launch a startup. Kaltroco invested in school dental program Smile America Partners to support its expansion invested in program, and Inflexion agreed to acquire German provider of single-use medical consumables Primed Group from Paragon Partners. Battery Ventures-backed ORTEC completed an add-on acquisition of TOBA HR Solutions, expanding its regional healthcare client base completed add-on.

Venture Capital Fuels AI, Health Tech, and Consumer Brands

Venture capital continues to pour into innovative companies, with a particular focus on AI and consumer health. Neko, a platform focused on behavioral change through avatars, raised $700 million in Series C funding, reporting profitability at the clinic level. A duo with backgrounds at Palantir and Dropbox is helping companies like Eleven Labs, Notion, and Wiz accelerate AI-generated code deployment. David Beckham’s health drink startup IM8 secured $1 billion from General Catalyst’s unusual Customer Value Fund, which does not make equity investments. Meanwhile, the first quarter of 2026 saw privacy and cybersecurity startups attract $4.4 billion in seed- to growth-stage financing. Temasek-linked Vertex is scaling back ambitions with its new growth fund, seeking $250 million, which would make it at least 40% smaller than its predecessor.

Secondaries Market and Operational Roles See Activity

The secondary market is emerging as a sophisticated capital formation tool, enabling investors to unlock liquidity and reposition assets for growth. Asante is building its Asia-Pacific secondaries business with a new hire from Evercore, responsible for originating and leading transactions in the region building business. CalPERS reported a 17 percent private equity return, while Ardian closed a venture capital fund on a 2.5-year-old asset. On the operational front, Banyan promoted Simon Gélinas to managing director and head of investments, where he will lead day-to-day investment functions. Vance Street appointed Jason Burmer as managing director and head of business development, a role he previously held at Edgewater Capital Partners. Gen Nx360 tapped Adam Feuer as an operating partner, having previously served in a similar capacity at One Rock Capital Partners.