Private Equity 24 Hours

Last updated: August 5, 2026, 8:31 AM ET

Private Equity Fundraising and Investments

TPG is targeting $17bn for its third healthcare fund, TPG X, as part of its broader $94bn Capital platform for global private equity investments. Apollo is roughly halfway to its $22bn-$25bn target for its latest flagship fund, Fund XI, which began fundraising in February. Nextalia has held a first close of over €1.1bn on its second flagship fund, Nextalia Private Equity II (NPE , attracting commitments from more than 200 investors since its February launch. The EQT-managed Scaleup Europe Fund has made its debut investment, co-leading a €450m round into Finnish satellite imaging company ICEYE at a €10bn valuation. Boston Retirement has issued a request for proposal for a private equity mandate of up to $85m.

Singapore's sovereign wealth fund GIC is preparing to sell approximately $1bn worth of private equity fund stakes on the secondary market, according to sources. Met Life Investment Management has closed its third managed secondary transaction, raising about $1.2bn for Met Life Investment Private Equity Partners Fund III, with Lexington Partners acting as the lead investor. This transaction involved Met Life Investment Management previously marketing a portfolio of funds and co-investments with a net asset value of $1.8bn. LGT Capital Partners has launched its debut credit secondaries strategy, aiming to invest in LP-led, GP-led, and opportunistic deals with a focus on senior lending. Some investors have been holding capital in evergreen funds before redeeming it to fund a Hamilton Lane separately managed account (SMA), according to co-chief Erik Hirsch.

Mergers, Acquisitions, and Buyouts

Silver Lake and the Public Investment Fund of Saudi Arabia, along with Affinity Partners, have finalized their $55bn all-cash acquisition of Electronic Arts, marking the largest leveraged buyout on record. Thoma Bravo has agreed to sell Command Alkon, a software and platform technology provider for the heavy building materials industry, to Francisco Partners. Nordic Capital is acquiring BWX Technologies' medical isotopes business for up to $800m, signaling a significant bet on the radiopharmaceutical sector. Advent and Harbour Vest have reached an agreement to acquire FNZ Bank in Germany, a banking and infrastructure provider for wealth management. Capital has sold its managed services provider ECI, which serves alternative asset managers and regulated financial firms, to Wind Point Partners.

Axum Capital agreed to acquire Barcode, a Los Angeles-based plant-based and hydration drink brand. Ridgemont has acquired Entact, a national provider of environmental remediation and geotechnical construction services, from JFLCO. Wynnchurch-backed Trimlite purchased doormaker Barnett Millworks, expanding its presence into the Southeast market and enhancing its North American customer service capabilities. BV Investments is partnering with CEO Nate Kenney and the management team to support the growth of workforce compliance service provider Thomas & Company. Sheridan Capital has acquired Carolina Components Group, a provider of custom-engineered bioprocessing assemblies, amidst growing private equity interest in naval shipbuilding.

Venture Capital and Startup Funding

Magic School AI edtech startup founded by an educator focused on the potential of Chat GPT, has secured $63m in venture capital funding. Wordsmith, a legaltech company, has raised a $14m Series B extension from investors including Index and FT Ventures. WindBorne Systems closed a $37m Series B round to scale its fleet of weather balloons and AI-powered forecasting technology. Fintech startup Moss has been valued as Europe's newest unicorn following a €30m Series C funding round. AshGrove has provided backing to 10x Banking, a company offering cloud-native core banking technology to help financial institutions modernize their infrastructure.

A16z has invested in Happy Robot, valuing the company at $1.2bn. Oxylabs, after a decade of declining venture capital offers, has achieved a $3.6bn valuation, citing the "right timing, right partner." The European Union's €5bn technology superfund is now officially operational. Investors are being invited to host side events during Tech Crunch Founder Summit Week in Boston, which is expected to draw over 1,100 founders, investors, and tech leaders.

AI and Technology in Business

Integrating artificial intelligence into a startup's product strategy, while often seen as a way to boost valuation, can potentially diminish its exit value, according to tech strategic adviser Itay Sagie. AI has significant potential to improve administrative processes, metadata management, royalty processing, and licensing efficiency within the music industry, according to Josh Love of Reed Smith. Njord Partners views AI as a natural and key part of its operational approach, while also noting resilience in the value segment and exit market. The application of AI in weather prediction is improving accuracy, and Wind Borne Systems is seeking to capitalize on this with its weather balloon technology. The broader integration of AI into physical environments necessitates a bravery to change existing processes. EIP OceanSound-backed Convey has acquired Selectron, a provider of government and utility software, combining companies that offer omnichannel communications and engagement operating systems.