Private Equity 24 Hours

Last updated: July 23, 2026, 11:30 AM ET

Private Equity Dealmaking and Fundraises

Private equity firms continued their busy acquisition pace, with a notable focus on specialized sectors. Oaktree-backed GA litigation support firm Trampe Settles, expanding its financial advisory services. Bregal Sagemount a majority stake in Luxembourg-based ATOZ Services, a provider to private equity, credit, and real estate clients. In the cybersecurity space in Worksheet, with founder Stephanie Ge highlighting the intersection of cybersecurity spending and regulatory compliance. Advisors snapped aerial services operator Blue Sky Helicopters, which serves utility and government clients. Tinicum backed specialty chemicals distributor GracoRoberts, while facilities maintenance platform PHFM. Camden-backed Triumph the Culinary Institute of Barcelona, and maternity and women’s pelvic health platform Every Mother. In healthcare Janus Healthcare Partners and Valera Health. Infrastructure-backed MN8 power producer Greenbacker for $375 million. TJC set electrical power firm Sunbelt Solomon from Trilantic North America.

Secondary market activity also showed robust growth. StepStone's venture $1 billion, attracting a $50 million commitment from Ohio's public school employees' pension. The private real estate sector is also seeing a rewrite of its playbook with secondaries, as a move away from distress-driven strategies. Meanwhile, China's RMB secondary market has completed its first full cycle, presenting both opportunities and risks for achieving sought-after returns.

Sector Focus and Strategic Exits

Several firms are divesting or exploring sales in specialized technology and industrial sectors. plans sell life sciences software provider Aris Global, a company serving pharmaceutical, biotech, and regulatory clients. In a significant potential transaction, Monomoy is said to be in advanced sale discussions for concrete manufacturer Cast-Crete, which could be valued up to $850 million based on recent multiples. Cinven is set to acquire Salsify, a software firm with over 2,000 customers. Partners selling MDT technologies, a smart building automation component manufacturer, to BU Bregal Unternehmerkapital. On the infrastructure front, Partners Group closed its fourth direct infrastructure program above $15 billion, its largest to date. Apollo is targeting up to $20 billion of private credit deployment in Mexico, leveraging the country's nearshoring-driven infrastructure build-out.

Investor Sentiment and Market Trends

Investor sentiment remains cautiously optimistic, with a strong demand for differentiated strategies. At the London Investor Council, members expressed a "risk-on" attitude but emphasized the need for managers to clearly articulate their value proposition, particularly in light of AI advancements, defense sector opportunities, and liquidity dynamics. Astorg's co-managing that mid-market focus can maximize exit choices, especially in a volatile macro environment where exit optionality is paramount. The trend of large funding rounds continues, with 60% of global startup funding this year going to rounds of $1 billion or more, totaling around $320 billion. This highlights a significant influx of capital into later-stage ventures. The debate around on-premise versus cloud solutions is also evolving, with localized systems as offering superior long-term security compared to the previously dominant cloud migration trend. Valeas Capital in My Pension Expert, which has grown to £2 billion in assets under administration since Palatine's initial investment four years ago. In a leadership change, Epiris appointed Owen Wilson as managing partner, succeeding Bill Priestley.

Other Notable Transactions and Developments

Bowmark Capital a shareholder in building standards software platform SFG20. In another significant deal a majority stake in Luxembourg’s ATOZ Services. Revolut reportedly an $115 billion valuation in an employee share sale.