Private Equity 24 Hours

Last updated: July 28, 2026, 11:30 AM ET

Family Offices Realign Private Equity Strategies

Family office Green Bear is actively reshaping its private equity portfolio, choosing to reduce its overall exposure to the asset class. Investment chief Vishnu Amble cited the benefits of cost-efficiency and a more streamlined approach offered by separately managed accounts (SMAs) in the current environment of lower private equity returns as a key driver for this shift. GreenBear is also to divest fund stakes bilaterally, aiming to pare its holdings in illiquid assets as part of its portfolio revamp.

Dealmaking Activity Across Sectors

AE Industrial Partners has as an operating partner, tasked with identifying and assessing new investment opportunities in national security sectors, with a particular focus on maritime. In a separate transaction, HIG has Avove, which operates within the regulated water and power markets. Behrman-backed Micross has, a provider of microelectronic product and service solutions for aerospace, defense, space, medical, and industrial applications. FEP has Bravo Fit, marking Planet Fitness's exit from its minority ownership position. Mutares has from Stellantis, which offers free-floating car-sharing services across 14 European and US cities. SVP is set to in the power plant South Field Energy, which commenced commercial operations in 2021. THL Partners has to Lattice Semiconductor, though THL will retain an equity ownership interest in Lattice.

Technology and AI Investments Continue to Draw Capital

AI rollup startup Dwelly has in funding, backed by EQT and General Catalyst. Throne Science, a startup developing an AI-powered toilet camera for gut health and hydration tracking, has in a Series A round led by Will Ventures. Startups operating at the intersection of AI and cybersecurity have collectively across more than 150 reported seed-stage rounds this year, according to Crunchbase data. Carlyle has Secturion, marking the first investment from Carlyle’s middle-market aerospace, defense & government and industrials platform. Visionaries is to two lead partners for its next fund. ETH Zurich spinout ZuriQ has in seed funding.

Wealth Management and Services Remain Attractive Targets

Private equity-backed deals within the wealth management sector have. Carlyle has also made its debut investment from a new aerospace platform. Tower Brook's Joseph Knoll highlighted that the strongest opportunities are currently found in business, financial, and healthcare services, where AI can significantly enhance productivity and customer outcomes, alongside their consumer vertical where AI is also a key driver. Knoll also noted that while Europe offers lower multiples, it presents a more challenging regulatory environment, with ECP and KKR reportedly.

Other Notable Transactions and Firm Developments

AIP has completed the buyout of material handling firm Intelligrated from seller Honeywell Technologies. Step Stone is leading a £140 million continuation fund for Cabot, targeting Premier Modular, a modular buildings provider that from European infrastructure investors. Care Career has, a travel nurse and allied staffing agency backed by Periscope Equity. Asia’s Affinity has experienced further senior departures, with at least nine senior executives leaving since the start of 2023, including four partners in the last 12 months as the firm navigates changes. 9fin has following a $170 million raise.