Private Equity 24 Hours

Last updated: August 12, 2026, 8:42 PM ET

Mega-Raises & Fundraising

Enterprise AI platform Thrive Holdings raised $2bn at a $12bn valuation from investors including SoftBank and D1 Capital Partners. Index Ventures is in talks to lead a $500m round for a new AI lab founded by a Deep Mind researcher. Swedish startup Lovable secured $400m backed by the EU’s Scaleup Fund. Drone manufacturer Uforce is targeting a valuation of $4bn or more in a new funding round. HarbourVest outlined plans to deploy its $4.75bn seventh co-investment fund, focusing on transformative trends in AI and healthcare. Accel closed an $800m fund dedicated to early-stage European startups. Meanwhile, a trio of former LocalGlobe partners is plotting a new venture capital firm.

Credit & Secondaries

TDR Capital is exploring a sale of Arrow Global, the British private credit manager it took private five years ago. CVC Credit priced a $550m collateralised loan obligation, its fourth new issue CLO this year. US investors raised concerns about credit secondaries valuations during a PEI Group webinar. In a related financial services move, Goldman Sachs agreed to acquire Neos Investments, a provider of options-based income ETFs managing $30bn in assets, for $2.25bn.

Healthcare & Life Sciences

Riverside-backed Western Botanicals invested in dietary supplement developer Yellow Emperor. Mountaingate exited its investment in healthcare commercialization platform Relevate, which it first backed in 2020. Astorg completed the buyout of Thermo Fisher’s microbiology business. Gridiron Capital invested in van den Boom & Associates, a provider of back-office solutions for life sciences companies.

Exits & M&A Activity

One Rock Capital agreed to sell environmental services firm Enviro Serve to Clean Harbors for $470m, with the transaction expected to close in the second half of 2026. 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. In the beverage sector, HarbourVest revealed its deployment strategy for its $4.75bn flagship, with Bain, Platinum Equity and Monogram leading recent deals. Reverence Capital-backed Sunstar, an independent insurance broker, acquired insurance agency RJR Faribo.

Pension & LP Insights

The LA Fire and Police Pension reaffirmed its conviction in lower mid-market and emerging managers; the head of PE at the $38bn system said the portfolio’s distributions have fared well during a difficult period for LPs. John Renkema, a former APG PE veteran, argued that pensions should assess performance using internal asset class evaluations. Side Letter highlighted that valuations are under scrutiny from multiple fronts, including the SEC, and that tail-end specialist Hollyport parted with an equity stake.

Sector Spotlight: Energy, Fitness & Logistics

Logistics startup ClearJet raised a $25m Series B led by Edison Partners to build an ‘Uber of Cargo’ platform connecting shippers with unused commercial flight capacity. Fitness startup funding is rebounding, with $3.6bn invested in the first half of 2026, but investors now prioritize AI and data over hardware. Ukrainian tech workers offer lessons on maintaining morale during wartime. Deeptech founders are increasingly dictating term sheets in 2026. European energy startups to watch were named by investors, as solar energy draws private equity interest.