Private Equity 24 Hours

Last updated: July 16, 2026, 11:30 PM ET

Deal Activity and Valuations

Private equity firms have been active across various sectors, with notable transactions including HIP services provider Kittyhawk to Machine Sciences, and Guardian selling manufacturer Precision Roll Solutions to American Roller Company. One Equity pipe fabrication and distribution firm Epic Piping from Bernhard Capital Partners, while Gooch & Housego private in a £345.6 million deal. In the healthcare space AI firm Spike Technologies, and memory care community Alamar Senior Living. Furthermore, Avathon-backed Summit continuing education provider Kids Bowel & Bladder, and vet teleradiology services firm Vital Rads. H.I.G. Capital launched a €1 billion German residential platform named Highground Living.

Fundraising and Investment Strategies

Investment firms are adjusting their strategies and allocations. Advantage Partners plans to target Japanese firms shielded from foreign takeovers, focusing on companies central to the country's economic-security concerns. Meanwhile, Germany's KENFO intends to increase its private markets allocation to 30% from 25% over the next two years, although it will trim its private equity exposure. Tailwater has backed Pickton Gas Storage, which is led by the former management team of Nor Tex Midstream Partners. In a significant move former OpenAI executive Ryan Beiermeister as a partner.

Venture Capital and Tech Investments

The venture capital landscape shows continued interest in technology, particularly AI. AI-powered travel unicorn status, raising $60 million in a Series D round that values the company at $1 billion. EQT's €5 to lead a funding round for Mistral AI. In Asia a multiyear peak in Q2, driven by China and AI, with investors pouring $42.8 billion into rounds across the region. Germany's Microagi in a seed round, marking the country's largest ever.

Secondary Markets and Fund Governance

The secondary markets are seeing evolving dynamics. M&G is building infrastructure secondaries exposure and targeting continuation vehicles (CVs). Partners Group that evergreen outflows could reach $20 billion, with private equity accounting for two-thirds of its underperforming assets. CVs are emerging as a key liquidity tool in private credit, though many limited partners (LPs) are still opting to cash out amid increased market scrutiny. EQT's VC with €526 million, houses eight assets.

Sector-Specific Deals and Trends

Several sector-specific deals highlight ongoing investment trends. Verdane acquired stakes in four Trifork Labs technology businesses: Axoniq, Dawn Health, Frameo, and XCI. Equity-backed Sizemore Carlson Building Maintenance, a provider of integrated facilities management services. Oridian-backed ACR reusable bags provider Redi Bag USA. Ridgewood Coogee senior relocation services firm Caring Transitions. In the building products sector concrete distributor Gierke Robinson. GroundForce Capital in agricultural testing platform Rock River Laboratory.

European Market Dynamics and Governance Scrutiny

European deal activity continues to evolve, with some firms seeing complexity as an opportunity. Montagu's Christoph deal complexity as a "source of opportunity," noting that the broader GP-to-GP market remains subdued. Bridgepoint is acquiring a majority stake in Germany's GBA Group from Ardian. Ardian arranged unitranche financing for Astorg's buyout of Barkene. Meanwhile, scrutiny on fund governance has, with LPs seeking greater control and stronger protections. The benchmarking approaches for PE investments among top LPs also show immense variety.