Private Equity 24 Hours

Last updated: July 22, 2026, 2:30 PM ET

Private Equity Dealmaking Continues Across Sectors

TJC is set to acquire electrical power firm Sunbelt Solomon from Trilantic North America, which operates 42 locations across the US, Canada, and Chile with over 1,600 employees. Monomoy is in advanced talks to sell concrete manufacturer Cast-Crete, a deal that could value the company up to $850 million based on recent multiples for building products firms. Cinven is acquiring software firm Salsify, which boasts a customer network exceeding 2,000 clients. In the healthcare technology space, Truehelm-backed Wildflower Health has acquired maternity and women’s pelvic health platform Every Mother, while Equality Asset-backed Mindoula has picked up Janus Healthcare Partners and Valera Health. Butterfly and Graham Partners are investing in flavor maker Custom Flavors, serving the protein & nutrition, nutraceuticals, and functional food & beverage industries. Goldman Sachs Alternatives will acquire fintech firm Aegis Hedging Solutions, with Greenbelt Capital Partners and Baird Capital exiting the transaction. Madison River is investing in construction firm Pro-Max to support its expansion efforts, and Crest Rock is investing in civil contracting firm Andrew Site Work. Inflexion will take a minority stake in Salto Systems, a designer and manufacturer of electronic access control technology. Knox Lane has acquired health tech firm Cross Country Healthcare Inc., appointing Joel Tremblay as CEO.

AI and Tech Investments Drive Valuations and New Funds

Revolut has achieved an $11.5 billion valuation in an employee share sale, according to reports. Menlo Ventures' Matt Murphy highlighted the unprecedented growth of AI startups, citing Anthropic's leap to a $47 billion revenue run rate. A total of 34 companies joined The Crunchbase Unicorn Board in June, adding over $110 billion in value, with 10 of these being AI labs collectively valued at $65 billion. Guest columnist Nigel argues that AI will fundamentally rewrite the global financial value chain, creating near-zero marginal operating costs and highly personalized products. Dimension Capital has raised $800 million for its third fund, signaling a boom in investments at the intersection of science and compute. Sifted reports that Samsung is in talks to back Mistral's Series D funding round. Hg is backing UK proptech company Street Group with plans to deepen its AI capabilities, with the company reportedly valued at over £200 million for a growth investment.

Secondaries Market Activity and Investor Allocations

More than half of secondaries investors are now running evergreen vehicles, with this capital increasingly deployed into a broadening set of opportunities, according to an Evercore report. Townsend has raised $2 billion for real estate secondaries, having already deployed $1 billion with an early focus on data center investments. Lead Edge and Hamilton Lane led Summit Partners’ $625 million deal for Ninja One, a Saa S provider that has generated significant returns for investors. Investors across all institution types displayed increased caution in the first half of 2026, with 67% keeping allocations unchanged, according to PEI's H1 2026 Investor Report. Alaska Permanent is considering a review of its private equity benchmark, with staff raising concerns over a 12% private debt allocation and the exclusion of energy investments.

Venture Capital and Strategic Hires in the Industry

Cascade has raised $3.5 million in a seed round led by a16z Speedrun, Ada Ventures, and Snowball VC to help construction firms find and win projects. Former NY Giants QB Eli Manning shared insights on investing in sports, noting his gradual transition into full-time roles after starting as an investor with BBQGuys. Athena Capital has recruited Karim Bousta as an investment partner and appointed Francesca Cornelli to its Athena Council of operating partners. KKR has tapped Roy Gori as a senior advisor to focus on strategic opportunities across global financial services and insurance, particularly in Asia Pacific and international markets. Visionaries is shaking up its investment team ahead of a new fund launch. Concerns about AI disruption risk are reportedly killing deals, while one of SpaceX's biggest backers has returned to market, and an Apollo alum has persuaded an LP to cross the aisle. UK defense tech has "high hopes" for new finance minister John Healey.

Market Trends and Emerging Investment Themes

SIPA and EDHEC are exploring the role of market-based, monthly-priced private asset indices in a total portfolio approach, addressing the data gap in private markets. The intersection of science and compute is booming, as evidenced by Dimension Capital’s $800 million third fund. While AI is driving significant growth, potential risks to the AI bubble are being discussed, with seven ways it could burst outlined.