Private Equity 24 Hours

Last updated: August 11, 2026, 8:39 PM ET

Private Equity Fundraising and Major Exits

Accel closed an oversubscribed $550 million India fund within weeks, though it still has more than 55% of its previous $650 million fund available for deployment. Scaleup Europe, a public-private fund targeting $5.7 billion, made its first investment by backing Finnish satellite company ICEYE. The New York Yankees’ parent Yankee Global Enterprises secured a $2.6 billion capital infusion from Apollo Sports Capital to support franchise growth and refinance existing debt. Separately, Hollyport sold a passive stake that will ultimately represent about 25% of economic interests to Blue Owl, maintaining its independence.

Secondaries and Continuation Vehicles

Exponent closed a single-asset continuation vehicle of approximately $867 million (€750 million) to retain H&MV Engineering, tapping Apollo, Pantheon, and SQ Capital. Monogram completed a continuation fund for beverage company Mountaintop, with Apollo S3 serving as lead investor. Ardian co-CEO Mark Benedetti highlighted mispricing opportunities in European assets and secondaries, noting more European families are seeking partners to navigate the environment and expand internationally.

Healthcare and Life Sciences Deals

PE-backed CHG Healthcare acquired medical staffing firm Krewe Anesthesia. Phase 1 Equity, backed by Dune Glass, snapped up a North Dakota orthodontic practice. Quad-C invested in Paradigm, an occupational safety and health platform formed from the combination of Code Red Safety, Concept Controls, and Haz Tek. A medical education gap presents a growing opportunity for private equity, as the pressing need for more healthcare professionals globally proves a tailwind for investors.

Industrial and Manufacturing Transactions

Alro Steel landed a majority investment from Lindsay Goldberg, with the founding Glick family retaining a significant stake. Keltec, backed by Vance Street, acquired filtration firm AJF Filtration. Big Top Manufacturing, an Altamont portfolio company, scooped up Coast to Coast Contracting. BNP Group, backed by Godspeed Capital, acquired cost management firm US Cost Incorporated from Schneider S.E. PrimeSource Brands, a Clearlake portfolio company, acquired specialty building products provider Starborn Industries. PowerRail received an investment from New Heritage Capital; Power Rail manufactures and distributes aftermarket locomotive parts. THL Partners invested in pavement maintenance services firm Pave Masters, with existing investor Northern Lakes Capital selling its stake. HIG Capital completed its acquisition of UK engineering firm Phoenix ME, which provides mechanical and electrical services to blue-chip clients. Private equity is also playing in the growing European HVAC market, with deals like Airo’s acquisition noted below.

Technology, Media, and Consumer Deals

Thoma Bravo completed a $466 million take-private of Irish digital validation software firm Kneat, which has been delisted from the Toronto Stock Exchange. Providence agreed to sell live entertainment firm ATG to Mari; ATG operates 70 venues across the UK, US, Germany and Spain, including seven on Broadway and ten in London’s West End. Baymark acquired healthy meal prep and delivery company Meal Prep Sunday, marking its 66th acquisition. Airo, backed by CCMP Growth, acquired specialty plumbing and HVAC firm Legrande’s Enterprises for multifamily and light commercial developers.

Venture Capital and AI Trends

Monashees, one of Latin America's oldest VC firms, is opening a San Francisco office, believing the region's startup ecosystem needs a permanent Silicon Valley presence. Apollo, Blackstone, Brookfield, and KKR are lining up behind NVIDIA in a $500 billion move to make compute an asset class. The concept of “AI-native, not AI-sprinkle” is gaining traction, as companies redesign teams and workflows around AI to unlock productivity gains. VCs are watching 17 physical AI startups, while the co-founder of First Momentum highlights underrated areas in deeptech. Three trends shaping the future of European tech were discussed at South Summit 2026.

Other Notable Moves

Trinity Hunt backed management consulting firm Fisher Management Partners, where Todd Fisher and partners remain in leadership. The Plymouth County Retirement Association issued a request for proposal for a North American private equity manager. A side letter notes that sovereign wealth funds are leading AI investing, PE talent is moving to Spain, and big deals bolster African deal data.