Private Equity 24 Hours

Last updated: August 3, 2026, 5:31 PM ET

Private Equity Dealmaking and Fundraises

KKR has closed its largest infrastructure fund to date, KKR Global Infrastructure Investors V, at $19.2bn. This fund is the largest infrastructure fund the firm has ever raised. KKR also agreed to acquire a 50% stake in a 1.2 GW portfolio of onshore solar and wind assets across Europe from Total Energies for €1.8bn. KKR's late 2025 acquisition of Total Energies' North American solar business for $1.25 billion. CVC and Partners Group are set to fully exit their investment in Żabka Group, Poland's largest convenience retailer, by tendering their entire holdings into a voluntary offer from Alimentation Couche-Tard, valued at $8.6bn. Permira has agreed to sell its portfolio company Bio Catch, a behavioral-based fraud intelligence provider, to Visa for $2.4bn. BioCatch currently protects over 760 million consumers across more than 350 financial institutions globally.

Amerit Fleet is expanding its Canadian presence by acquiring Triple Diamond Truck and Trailer Repair, a provider of MTO-certified commercial truck and trailer maintenance and repair services. Cortec Group is preparing to sell A1 Garage Door Service, a company it has held since 2019 that specializes in residential garage door maintenance. McNally Capital announced a majority investment in Tenica, a move that coincides with growing demand for defense and intelligence services. 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.

Secondaries Market Activity and Investor Strategies

Adams Street Partners has secured over $5bn in capital commitments for its latest Secondaries Investment Program, highlighted by the close of its Global Secondary Fund 8 at $2.7bn. A specialist impact investing firm has raised an additional $100m and held a second close for its debut dedicated secondaries fund, with support from US investors. KKR is reportedly exploring the launch of a GP-led strategy, with CFO Robert Lewin indicating the firm believes it can establish a "world-class" business in this specific market segment.

Venture Capital and Emerging Technology

Menlo Ventures' Matt Murphy discussed the firm's increased focus on larger deals driven by the artificial intelligence (AI) sector, noting the firm's learnings from its relationship with Anthropic and identifying future growth opportunities. Index Ventures raised a fresh $2bn, signaling a significant doubling down on its AI investments. June, a startup focused on simplifying AI adoption, has emerged from stealth with $20m in pre-seed funding. The company aims to address the challenges associated with AI deployment.

Limited Partner and Industry Trends

New York State Teachers' Retirement System (NYSTRS) is planning to allocate up to $2.7bn to private equity commitments for its fiscal year 2027. Hong Kong's new listed alternative investment trusts are being examined by industry participants for potential use cases, investment horizons, fee structures, and likely adoption patterns. The PE Club is transforming a network of former private equity executives into an LP platform, with its limited partners typically comprising serial entrepreneurs, former CEOs, and partners from large European private equity firms. Traditional research on CEO career paths often emphasizes roles like COO or CFO, but the skills acquired in product management may be equally relevant for leadership in the technology sector, according to the CEO of Paysend.

Other Notable Transactions and Developments

Easyjet extended the PUSU deadline for Castlelake, one of the firms vying for the company, to align with Apollo's existing deadline of August 7. Permira has achieved a partial exit from its investment in Reformation, a sustainable fashion brand, which raised $210.9m in an IPO priced at the lower end of its projected range. Technical founders across Europe are being highlighted by venture capital investors, with a notable list of 21 individuals identified.