Private Equity 24 Hours

Last updated: August 3, 2026, 2:31 PM ET

Infrastructure and Buyout Deals

KKR has closed its largest-ever infrastructure fund at $19.2bn, named KKR Global Infrastructure Investors V. This fund is the largest infrastructure fund the firm has ever raised. KKR also agreed to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8bn. The deal follows KKR's late 2025 acquisition of Total Energies' North American solar business for $1.25 billion. In another significant transaction, CVC and Partners Group have agreed to tender their entire holdings in Żabka Group into a voluntary offer from Alimentation Couche-Tard. This move signifies a full exit for the private equity firms from Poland's largest convenience retailer, with Couche-Tard bidding $8.6bn for the company.

Fundraising and Secondaries Activity

Adams Street Partners has raised over $5bn in capital commitments for its latest Secondaries Investment Program. This program was anchored by the close of Global Secondary Fund 8 at $2.7bn. The global secondaries market has cleared $200bn in activity. In impact investing, the specialist firm Blue Earth has held a second close for its debut dedicated secondaries fund, raising an additional $100m. Meanwhile, KKR is exploring the launch of a GP-led strategy targeting the secondaries market, believing it can build a "world-class" business in this sub-segment.

Sector-Specific Investments and Exits

Permira has agreed to sell its portfolio company Bio Catch to Visa for $2.4bn. BioCatch is a behavioral-based fraud intelligence provider that protects over 760 million consumers across more than 350 financial institutions globally. Permira also achieved a partial exit from its investment in Reformation, a sustainable fashion company, which raised $210.9m in an IPO priced at the lower end of its marketed range. In the automotive sector, Amerit Fleet Solutions is expanding its Canadian presence through the acquisition of Triple Diamond Truck and Trailer Repair. Triple Diamond is a certified provider of commercial truck and trailer maintenance and repair services. Cortec Group is reportedly preparing A1 Garage Door Service for a sale, a company it acquired in 2019 that specializes in residential garage door maintenance. Simultaneously, McNally has made a majority investment in Tenica, driven by growing demand for defense and intelligence services.

Venture Capital and Emerging Technologies

Menlo Ventures' Matt Murphy indicated that the firm is increasingly pursuing larger deals, particularly in the artificial intelligence space, and plans to deploy $3bn in new capital. Index Ventures raised a fresh $2bn fund specifically focused on AI investments. June, a startup aiming to simplify AI adoption, has secured $20 million in pre-seed funding. The firm is backed by Marc Benioff. The burgeoning field of "neolabs" faces the challenge of demonstrating profitability, a key question for their long-term viability.

Other Market and Deal News

Ardian has arranged new unitranche financing for Arche MC2, supporting a shareholding reorganization that will result in Montefiore Investment and Activa jointly controlling the French software publisher. Easyjet extended the PUSU deadline for Castlelake, one of the firms pursuing the company, to August 7, aligning with Apollo's own deadline. New listed alternative investment trusts in Hong Kong are expected to offer potential use cases, specific investment horizons, fee models, and likely adopters, according to industry participants. New York State Teachers' Retirement System (NYSTRS) has set its private equity pacing for fiscal year 2027, seeking to commit up to $2.7bn to the asset class. The PE Club has transformed a network of former private equity executives into an LP platform, with its limited partners comprising serial entrepreneurs, ex-CEOs, and partners from large European private equity firms. Traditional research on CEO career paths often overlooks the skills gained by product managers, which can be highly relevant for leadership roles in technology, according to the CEO of Paysend.