Private Equity 24 Hours

Last updated: August 13, 2026, 2:46 PM ET

Mega Deals & Large Exits

Silver Lake and DigitalBridge are exploring an exit from Vantage Data Centers that could value the hyperscale operator at roughly $100bn, weighing either a stock market listing or a sale. In Japan, EQT and Digital Garage have raised their tender offer for Kakaku.com to ¥3,570 a share (about $22.40), topping a competing proposal. Bank of America agreed to invest up to $1.9bn for a stake of up to 49.9% in Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services. Thoma Bravo will take specialty insurance risk exchange platform Accelerant private for more than $4bn, with Altamont Capital Partners and founders retaining equity. In another headline, Thoma Bravo is also acquiring the risk exchange business, while New Mountain makes a fire safety play with Jensen Hughes. Meanwhile, Apax is selling food supply chain logistics provider Tosca to Goldman Sachs Alternatives; Apax acquired Tosca in 2017.

Fundraising & LP Activity

New 2ND Capital is targeting a $1.25bn close for Fund IV by Q4/Q1, having recently activated and closed its first deal. Korea’s National Pension Service added another $1bn of secondaries exposure, with secondary funds and co-investments growing 36% to approximately $3.7bn. The pension also posted a 12% rise in PE AUM, though private equity represented 7.2% of its total portfolio as of December, down from 7.8% a year earlier. Blackstone is exploring a broader push into the US retirement market, arguing that incorporating private markets into target-date funds and managed accounts “can make a tonne of sense.” In a side letter, a former heavyweight LP turned consultant says investors are increasingly shifting to local economy themes; Advent International is approaching its flagship fund target while PE dealmaking slumps once again. The SEC is zeroing in on private funds valuations, with examiners asking about funds by name in opening requests and enforcement picking up the scent. A mid-year take assesses how six key areas of the private equity market have developed so far in 2025.

Mid-Market Deals

RF Investment Partners has invested in drilling company RJ Underground, which serves municipal, utility, commercial, and residential customers. Braemont invested in consulting firm Thought Logic to accelerate its next growth phase. Granite Creek-backed DCG merged with digital and tech firm Urban Emu. Resurgens Technology Partners invested in quality compliance platform Qarma, which has generated quality data across thousands of brands to power predictive AI tools; Resurgens aims to accelerate Qarma’s AI roadmap and international expansion. EQT Life Sciences invested $17.5m in Vaderis Therapeutics as part of a $152m Series B round for the Swiss biotech’s rare-disease trial. Astara Capital snapped up industrial wastewater treatment firm Dynatec, which serves food & beverage, automotive, data center, waste, and general manufacturing markets. WestBridge agreed to buy a majority stake in Beckett Investment Management, a financial planning firm that grew its AUM from £800m to £2.1bn since 2021, from Foresight Group. In a separate report, WestBridge also bought a stake in the same financial planning business from Foresight; the article also notes that private equity is investing in travel and tourism (same URL, linked once). Marlin’s Radar Healthcare completed the add-on acquisition of patient experience platform Cemplicity, which operates in Australia, New Zealand, the Middle East and the UK.

AI & Tech Startups

A Crunchbase profile features Sarah Buchner, a former teenage carpenter who founded AI construction startup Trunk Tools to help construction companies improve efficiency. Spanish startup Multiverse Computing is vying to become Europe’s next AI champion, nearing a $500m Series C round. Meanwhile, an under-the-radar venture lab in London’s Docklands is building deeptech companies aimed at saving the planet.