Private Equity 24 Hours

Last updated: July 23, 2026, 5:30 PM ET

Energy and Infrastructure Deals Dominate Deal Flow

Blackstone sell battery storage developer Aypa Power to Brookfield in a $7bn transaction. Brookfield will acquire Aypa's operating, under-construction, and contracted project portfolio, along with its development platform. Separately, Ridgewood Infrastructure-backed MN8 is set to purchase power producer Greenbacker for $375m. Matador Resources Company has agreed to acquire EnCap-backed Paloma Permian for nearly $1.3bn, including undeveloped acreage in West Texas and Southeast New Mexico from Ridge Runner Resources in a significant deal. Vesterra Capital has acquired facilities maintenance platform PHFM, establishing it as a standalone provider of interior and exterior maintenance services following the transaction.

Healthcare and Technology Sector Investments Continue

NewSpring-backed Vybe Urgent Care has acquired two Liberty Urgent Care centers in the greater Philadelphia market. Decathlon has invested in health tech firm Health Endeavors, led by CEO David Derrick in a strategic move. Tayeh Capital has made an investment in C-suite advisory firm Council Advisors, which comprises over 160 professionals across three practice groups. Imagi, an edtech platform, announced a $4.5 million seed round to enhance its coding education tools, with participation from Brighteye Ventures, Day One Capital, and Will.i.am among notable.

Cybersecurity and IT Services See Increased Activity

Coalesce Capital has invested in cybersecurity provider Worksheet, a move positioning the company at the intersection of expanding cybersecurity spending and growing regulatory complexity. Monomoy is reportedly in advanced sale discussions for concrete manufacturer Cast-Crete as part of its portfolio review. Fundamental Advisors has acquired aerial services operator Blue Sky Helicopters, which serves utility, government, and public safety clients across the Western US in a targeted acquisition.

Private Equity Fundraises and Secondaries Market Growth

Blackstone is nearing the $14bn mark for its latest flagship fundraise, with Strategic Partners Fund X actively seeking $22.5bn in the secondaries market. Step Stone's venture capital secondaries fund has surpassed $1bn, attracting commitments such as a $50m investment from Ohio's public school employees' pension. The secondaries market is experiencing record volumes, with private real estate managers increasingly utilizing continuation vehicles and shedding the perception of being a distress-driven strategy. The RMB secondaries market in China has completed its first full cycle, presenting both opportunities and risks for investors seeking sought-after returns as noted by Nebula Advisors.

Middle Market Transactions and Strategic Investments

Nazca Capital has acquired Madrid Artes Digitales, a creator and operator of immersive cultural experiences in a European expansion. Tocqueville Asset Management has secured growth capital from Leon Financial Network to generate long-term enterprise value. Tinicum has backed specialty chemicals distributor Graco Roberts, which was previously supported by CM Equity Partners in a new partnership. Oaktree-backed GA Group has acquired family law litigation support firm Trampe Settles, adding to its suite of financial advisory and investment banking services following the acquisition.

Buyouts and Exits in Focus

Nordic Capital to sell life sciences software provider Aris Global, whose client base includes pharmaceutical, biotech companies, and regulatory authorities. Bregal Sagemount is set to take a majority stake in Luxembourg’s ATOZ Services, an administration and governance provider for over 800 private equity, private credit, and real estate clients in a significant stake. IK Partners plans to sell MDT technologies to BU Bregal Unternehmerkapital; MDT manufactures smart building automation components for residential and commercial properties in a German market deal. Astorg's Judith Charpentier highlighted that a mid-market focus will maximize exit choices, emphasizing the importance of exit optionality amidst a volatile macro backdrop and a slightly reducing valuation gap in a strategic outlook.

LP Sentiment and Leverage Discussions

At the London Investor Council, members expressed a "risk-on" sentiment but underscored the requirement for managers to clearly differentiate their strategies, with close attention paid to AI, defense, and liquidity dynamics as discussed at PEI Global. Lenders and buyers are increasingly accepting of leverage use in continuation funds, though divisions persist regarding the appropriate application and timing of these tools. The potential for carry payout to represent a minor portion of an investment executive's net worth raises questions about incentive structures and LP-GP alignment as explored in industry commentary.