Private Equity 24 Hours

Last updated: August 13, 2026, 2:41 AM ET

Fundraising & LP Trends

The $38bn LA Fire and Police Pension is reaffirming its conviction in lower mid-market and emerging managers, with its head of PE arguing the portfolio's distributions have fared well. Former APG PE veteran John Renkema tells PEI that internal vs external benchmarks are key for pension performance assessment. Meanwhile, Side Letter notes valuations are facing scrutiny on multiple fronts, and tail-end specialist Hollyport has parted with an equity stake. On the fundraising front, HarbourVest revealed deployment strategy for its $4.75bn flagship. Its HCF VII co-investment fund held a final close at $4.75bn targeting AI and healthcare. Accel raised $800m for its ninth early-stage Europe fund. In credit, CVC Credit priced Apidos LVIII, a $550m CLO, its fourth new issue of 2026. Meanwhile, US investors raised questions over credit secondaries valuations.

Private Equity Transactions

TDR Capital is exploring a sale of Arrow Global, the British private credit manager it took private five years ago. Goldman Sachs agreed to acquire ETFs provider Neos Investments for $2.25bn; Neos manages $30bn in assets. One Rock is selling environmental services firm Enviro Serve to Clean Harbors for $470m. Mountaingate exited healthcare commercialization platform Relevate, which it first partnered with in 2020. Astorg completed the buyout of Thermo Fisher’s microbiology business. Clearview-backed Capitol Services acquired corporate services provider Wolz. Providence agreed to sell live entertainment business ATG, which operates 70 venues. Reverence Capital-backed Sunstar picked up insurance agency RJR Faribo. Riverside-backed Western Botanicals invested in dietary supplement developer Yellow Emperor. Gridiron Capital invested in life sciences back-office solutions provider van den Boom & Associates.

Venture Capital & Deep Tech

A London Docklands venture lab is building deeptech to address climate challenges. Multiverse Computing is nearing a $500m Series C as it vies to become Europe's next AI champion. Thrive Holdings, backed by OpenAI, raised $2bn at a $12bn valuation to bring AI to the enterprise. Index Ventures is in talks to lead a $500m round for a Deep Mind researcher’s new AI lab. Lovable raised $400m at a $13.3bn valuation, backed by the EU’s Scaleup Fund. Drone startup Uforce is targeting upwards of a $4bn valuation in a new raise. ClearJet raised a $25m Series B to build the 'Uber of Cargo' using AI-enabled logistics. Fitness startup funding is rebounding, with investors preferring AI and data over hardware; H1 2026 investment totaled $3.6bn. Ukrainian tech workers offer lessons on morale during war. Finally, deeptech founders are dictating term sheets in 2026, shifting power dynamics.