Private Equity 24 Hours

Last updated: August 12, 2026, 2:46 PM ET

Fundraising & LP Commitments

Thrive Holdings raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital and Alitmeter Capital to bring AI to the enterprise. Accel Europe fund closed its ninth early-stage Europe fund at $800 million. Accel India fund raised $550 million within weeks, just 19 months after its previous $650 million India fund, of which over 55% remains available for deployment. Lovable secured $400 million backed by the EU’s Scaleup Fund. The ex-LocalGlobe trio is plotting a new VC firm. On the LP side, the LA Fire and Police Pension reaffirmed its conviction in lower mid-market and emerging managers, with the head of PE at the $38 billion system noting that the portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations. John Renkema, a former APG veteran who spent over two decades at the Dutch pension giant, advised pensions to assess performance through internal evaluations and specific goal assessments rather than relying solely on external benchmarks. Side Letter also highlights that valuations face scrutiny from multiple fronts, including the SEC, and that tail-end specialist Hollyport parted with an equity stake.

AI & Deep Tech Deals

Index Ventures is in talks to lead a $500 million round for a new AI lab founded by a Deep Mind researcher, underscoring sustained appetite for top-tier AI talent. HCF VII, Harbour Vest’s $4.75 billion seventh flagship co-investment fund, will target transformative trends in AI and healthcare innovation, per executives Joel Hwang and Jackie Peradotto. Drone startup Uforce is targeting a valuation upwards of $4 billion in a new funding round. ClearJet, an Austin-based AI-enabled logistics startup, raised $25 million in a Series B led by Edison Partners to build the “Uber of Cargo,” matching shippers with unused cargo capacity on commercial flights. The deeptech term sheets landscape is shifting: founders are dictating terms in 2026, and advice on securing fair deals is being shared.

Healthcare & Life Sciences

Astorg completed its buyout of Thermo Fisher’s microbiology business; Thermo Fisher is headquartered in Waltham, Massachusetts. CHG Healthcare, a PE-backed hospital staffing firm based in Salt Lake City, acquired medical staffing firm Krewe Anesthesia. Mountaingate exited its healthcare commercialization platform Relevate, first partnering with the company in 2020. Gridiron invested in van den Boom & Associates, a provider of back-office solutions for life sciences companies, including finance, HR, contract management, IT managed services and technical accounting. Western Botanicals, a Utah-based herbal supplement manufacturer backed by Riverside, invested in dietary supplement developer Yellow Emperor.

Financial Services & Credit

TDR Capital is exploring a sale of Arrow Global, the British private credit manager it took private five years ago, as private credit deals heat up. Goldman Sachs agreed to acquire ETF provider Neos Investments for $2.25 billion; Neos manages $30 billion in assets across 19 options-based income ETFs as of June 30, 2026. CVC Credit priced Apidos LVIII, a $550 million collateralised loan obligation, its fourth new issue CLO of 2026, extending a busy year for the credit arm of buyout group CVC. Capitol Services, a provider of outsourced legal and compliance services based in Austin, acquired corporate services provider Wolz from Clearview Capital. Sunstar, an independent insurance broker backed by Reverence Capital, acquired insurance agency RJR Faribo. US investors are raising questions over credit secondaries valuations, with executives from a New York pension fund and a Dallas-based multifamily office sharing thoughts during a PEI Group webinar on private debt investment.

Exits & Acquisitions

One Rock agreed to sell environmental services firm Enviro Serve to Clean Harbors for $470 million, with the transaction expected to close in the second half of 2026. ATG, a live entertainment business operating 70 venues across the UK, US, Germany and Spain, including seven on Broadway and 10 in London’s West End, agreed to be sold by Providence to Mari. HarbourVest revealed its deployment strategy for its $4.75 billion flagship fund, noting that PE firms like Bain, Platinum Equity and Monogram are leading deals in the beverage sector, targeting both consumer brands and manufacturing.

Energy, Industrials & Logistics

Private equity interest in solar energy is growing, with several firms actively seeking opportunities, and investors highlighted 16 European energy startups to watch, including companies focused on renewables, grid technology and energy storage.

Sector Snapshots & Trends

Fitness startup funding is rebounding, with over $3.6 billion invested in the first half of the year, but venture investors now prioritize AI and data analytics over traditional treadmill hardware. Lessons from Ukraine on maintaining morale among tech workers during wartime offer valuable insights for distributed teams worldwide. The beverage sector continues to see active PE dealmaking, with firms targeting both consumer brands and manufacturing capabilities as noted by Harbour Vest.