Private Equity 24 Hours

Last updated: July 23, 2026, 2:30 PM ET

Private Equity Funds Raise Billions, Eyeing Infrastructure and Tech

crossed $14 for its latest flagship fundraise, Strategic Partners Fund X, which is seeking $22.5 billion and ranks as the second-largest active secondaries fundraise by target. Partners Group closed its fourth direct infrastructure program above $15 billion, marking its largest infrastructure raise to date and is already more than 40% committed. Apollo is targeting up to $20 billion for private credit deployment in Mexico, extending its franchise into the country's nearshoring-driven infrastructure build-out. Meanwhile, StepStone's VC, attracting a $50 million commitment from Ohio's public school employees' pension.

Deal Activity Spans Energy, Healthcare, and Technology Sectors

Resources Company for nearly $1.3 billion, alongside a separate deal for acreage from Ridge Runner Resources. Infrastructure-backed MN8 for $375 million, bolstering its energy asset portfolio. In healthcare, expanding its presence in the greater Philadelphia market. investing health.

Secondaries Market Sees Record Volumes and Evolving Strategies

Secondaries volumes, with private real estate managers rewriting the playbook for their strategies, moving beyond distress-driven approaches. acquired Madrid, an immersive cultural experiences creator. In the tech sector, with a separate report indicating Coalesce is acquiring Workstreet amid proliferating cybersecurity challenges. secured growth to generate long-term enterprise value.

Strategic Exits and Investments Signal Market Evolution

plans sell, a firm serving pharmaceutical, biotech, and regulatory clients. Palatine is exiting its investment in My Pension Expert, which has grown to around £2 billion of assets under administration since its investment four years ago, with Valeas Capital Partners set to invest. Luxembourg’s ATOZ, an administration and governance provider for private equity, credit, and real estate clients. becoming shareholder, which offers a software platform for facilities management.

Investor Sentiment Remains Cautious but Open to Differentiated Strategies

Investors are signaling a "risk-on" appetite but require managers to clearly distinguish their strategies, with a close eye on AI, defense, and liquidity dynamics. Astorg's co-managing amid a volatile macro backdrop. The use of leverage in continuation funds remains a point of division, with lenders and buyers grappling with when and how these tools should be deployed. Discussions around the growing complexity of regulatory compliance and the potential resurgence of on-premise systems are also shaping investment considerations.

Venture Capital Continues to Fund Innovation, Particularly in AI and Edtech

An edtech platform, Imagi, raised $4.5 million in seed funding from investors including Brighteye Ventures and artist Will.i.am. Global startup funding has seen 60% of capital, around $320 billion, go to rounds of $1 billion or more so far this year, highlighting the prevalence of large-scale funding rounds. Interest in AI startups is high, with mention of teams helping build AI companies and investors watching nine neocloud startups. The RMB secondaries market in China has concluded its first full cycle, presenting both opportunities and risks for those seeking returns.