Private Equity 24-Hour Briefing

Last updated: July 26, 2026, 5:30 AM ET

Private Equity Dealmaking and Valuations

Elon Musk's tunneling startup, The Boring Company at a $20 billion valuation. In a separate transaction, Bluestone Equity Partners led a $55 million growth round for cue sports platform Poolhouse, a deal from Bluestone's inaugural $350 million fund. Meanwhile, EQT's raised A$2.5 billion approach to Australian wealth manager Perpetual was rejected for a second time, with a persistent price gap cited.

Fund Realizations and Extensions

Shore Capital fully realized its first real estate fund with the $268 million sale of a 102-property veterinary portfolio to Four Corners Property Trust. In a regulatory matter, Blackstone Infrastructure extended its merger deadline with TXNM Energy to May 2027 to secure outstanding approvals in New Mexico.

Sports Sector Investment

The sports industry continues to attract private equity attention, with Blue Owl reportedly buying into the Cleveland Cavaliers, highlighting the growing trend of alternative asset managers entering the sports franchise market.