Private Equity 24 Hours

Last updated: August 3, 2026, 11:36 AM ET

KKR Dominates Infrastructure and Renewables Deals

KKR has finalized its largest ever infrastructure fund, KKR Global Infrastructure Investors V, with a record $19.2 billion in capital commitments. This significant fundraising follows KKR's agreement to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8 billion. The acquired assets comprise a 1.2 GW portfolio of renewable energy projects across Europe. KKR is also reportedly considering launching a GP-led strategy to target a specific sub-segment of the market.

Secondary Market Activity and Fundraisings

The secondary market continues to see robust activity, with Adams Street Partners raising over $5 billion for its latest Secondaries Investment Program. This program was anchored by the close of its Global Secondary Fund 8 at $2.7 billion. In a related development, specialist impact investing firm Blue Earth has raised an additional $100 million, holding a second close for its debut dedicated secondaries fund. The broader secondary market has cleared $200 billion in transactions.

M&A and Portfolio Company Transactions

Amerit Fleet Solutions is expanding its Canadian presence through the acquisition of Triple Diamond Truck and Trailer Repair, a commercial truck and trailer maintenance provider. Cortec Group reportedly preparing A1 Garage Door Service for a sale process, a portfolio company acquired in 2019 that has since completed at least 17 add-on acquisitions. In a significant exit, Permira has agreed to sell its portfolio company Bio Catch, a fraud intelligence provider, to Visa for $2.4 billion. Permira also recently achieved a partial exit from its investment in Reformation through the sustainable fashion brand's IPO, which raised $210.9 million.

Financing and Control Shifts

Ardian has arranged new unitranche financing for Arche MC2, supporting a shareholding reorganization that will place Montefiore Investment and Activa in joint control of the French software publisher. Meanwhile, the deadline for Castlelake's pursuit of Easyjet has been extended to August 7, aligning with Apollo’s own deadline for its bid.

Venture Capital and Emerging Trends

Menlo Ventures doubling down on artificial intelligence, planning to deploy $3 billion in new capital to capitalize on opportunities in the AI sector, particularly in larger deals and its relationship with Anthropic. Index Ventures also launched a fresh $2 billion fund, signaling continued strong investor confidence in AI. June, a startup focused on simplifying AI adoption, has secured $20 million in pre-seed funding. Europe is also beginning to enforce its new AI Act rules, potentially impacting the deployment and development of AI technologies.

Investor Intentions and Market Outlook

The New York State Teachers' Retirement System (NYSTRS) is setting its private equity pacing for fiscal year 2027, with plans to commit up to $2.7 billion to the asset class. The broader private equity industry is also exploring new strategies, with KKR and Arctos considering the launch of a GP-led strategy targeting a specific sub-segment. Industry participants are also discussing the potential use cases, investment horizons, and fee models for Hong Kong's new listed alternative investment trusts. The skills developed by product managers are being recognized as a valuable pathway to leadership roles, including CEO positions in the tech sector.