Private Equity 24 Hours

Last updated: August 12, 2026, 5:40 PM ET

Fundraising & New Funds

Accel has raised $800 million for its ninth early-stage Europe fund, underscoring sustained appetite for European tech. Lovable raised $400 million backed by the EU’s Scaleup Fund at a $13.3 billion valuation. Drone startup Uforce is targeting upwards of $4 billion in a new raise, sources say. AI logistics startup ClearJet raised a $25 million Series B led by Edison Partners to build what it calls the ‘Uber of Cargo’. Thrive Holdings raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital, and Altimeter Capital to bring AI to the enterprise. Index Ventures is in talks to lead a $500 million round for a new AI lab founded by a Deep Mind researcher. An ex-LocalGlobe trio is plotting a new VC firm. Harbour Vest’s $4.75 billion flagship co-investment fund (HCF VII) is eyeing transformation in AI and healthcare, with partners Joel Hwang and Jackie Peradotto outlining the deployment strategy. In credit markets, CVC Credit priced Apidos LVIII, a $550 million collateralised loan obligation, extending a busy year of issuance.

M&A and Exits

One Rock is selling environmental services firm Enviro Serve to Clean Harbors for $470 million, with closing expected in H2 2026. Astorg completed its buyout of Thermo Fisher’s microbiology business. Goldman Sachs is acquiring ETFs provider Neos Investments for $2.25 billion; Neos manages $30 billion across 19 options-based income ETFs. TDR Capital is exploring a sale of Arrow Global, the British private credit manager it took private five years ago. Mountaingate exited healthcare commercialization platform Relevate, having first partnered in 2020. Providence Equity agreed to sell live entertainment business ATG to Mari; ATG operates 70 venues across the UK, US, Germany, and Spain. Clearview Capital-backed Capitol Services acquired corporate services provider Wolz. Gridiron Capital invested in life sciences back-office solutions provider van den Boom & Associates. Reverence Capital-backed Sunstar acquired insurance agency RJR Faribo. Riverside-backed Western Botanicals invested in dietary supplement developer Yellow Emperor. Bain, Platinum Equity, and Monogram have led recent beverage deals, according to PE Hub.

Sector Trends

Solar energy is drawing private equity interest alongside the Providence-ATG sale. Fitness startup funding is rebounding, with over $3.6 billion invested in the first half—but investors want AI and data, not treadmills. Investors recommend 16 energy startups to watch in Europe. Deeptech founders are dictating term sheets in 2026, with advice on securing fair deals. Ukrainian tech workers offer lessons on maintaining morale during war.

LP Views and Valuation Scrutiny

The LA Fire and Police Pension ($38 billion) reaffirmed its conviction in lower mid-market and emerging managers, with its head of PE believing the portfolio’s distributions have fared well in a difficult period for LPs. John Renkema, a former APG PE veteran, explains how pensions can better assess performance using internal evaluations. A Side Letter notes valuations are facing scrutiny from multiple fronts, while LAFPP makes the case for mid-market managers and tail-end specialist Hollyport parts with an equity stake. US investors are raising questions over credit secondaries valuations, as expressed during a PEI Group webinar.