Private Equity 24 Hours

Last updated: August 13, 2026, 5:43 PM ET

Mega Deal Flurry

Thoma Bravo is taking specialty insurance risk exchange Accelerant private for more than $4bn, with Altamont Capital Partners and founders retaining equity alongside the PE firm. In a separate logistics exit, Apax will sell food supply chain provider Tosca to Goldman Sachs Alternatives after owning it since 2017. Silver Lake and Digital Bridge are weighing a $100bn IPO or sale of Vantage Data Centers, the hyperscale operator. EQT and Digital Garage raised their tender offer for Kakaku.com to ¥3,570 a share ($22.40) to outflank a rival proposal. Bank of America agreed to invest up to $1.9bn for a 49.9% stake in Jio Credit, the lending arm of Mukesh Ambani's Jio Financial Services.

Fundraising & Capital Markets

New entrant 2ND Capital expects a Q4/Q1 close for Fund IV, targeting $1.25bn and already active on its first deal. Hollyport Capital has chosen to remain independent, accepting backing from Blue Owl in a structure reflecting the industry's growth trajectory. Korea's NPS added another $1bn of secondaries exposure, with secondary funds and co-investments growing 36% to ~$3.7bn. The pension's overall PE AUM rose 12% but represented 7.2% of its total portfolio, down from 7.8%. The SEC is zeroing in on private funds valuations, asking about funds by name in exam requests and stepping up enforcement.

Healthcare, Tech & Industrial Deals

EQT Life Sciences joined a $152m Series B round for Swiss biotech Vaderis Therapeutics, contributing $17.5m to fund a rare-disease trial. Marlin's Radar Healthcare completed the add-on acquisition of Cemplicity, a patient experience platform operating in Australia, New Zealand, the Middle East and the UK. Resurgens Technology Partners invested in Qarma, a quality compliance platform whose data powers predictive AI tools; the firm will accelerate Qarma's AI roadmap and international expansion. Bernhard-backed Optimum Energy picked up Hussung Mechanical Contractors and HMC Service Company, serving healthcare, universities, manufacturers and mission-critical facilities. Astara Capital snapped up industrial wastewater treatment firm Dynatec, which serves food & beverage, automotive, data center and waste markets. RF Investment Partners invested in drilling company RJ Underground, which serves municipal, utility, commercial and residential customers. Braemont Capital invested in consulting firm Thought Logic to fuel its next growth phase. Granite Creek-backed DCG merged with digital and tech firm Urban Emu to expand capabilities. West Bridge agreed to buy a majority stake in English financial planner Beckett Investment Management from Foresight Group; Beckett has grown AUM from £800m to £2.1bn since 2021. In venture, teenage carpenter Sarah Buchner founded AI construction startup Trunk Tools to help companies improve efficiency. Spanish startup Multiverse Computing is nearing a €500m Series C to become Europe's next AI champion. An under-the-radar venture lab in London's Docklands is building deeptechs to save the planet.

Market Trends & Regulatory

Private equity's mid-year temperature check shows six key areas — including dealmaking, fundraising and exits — have developed in ways that shape the rest of the year, per PE International's analysis. A former LP-turned-consultant notes that investors are increasingly shifting to local economy themes, while Advent approaches its flagship fund target and PE dealmaking slumps again. Blackstone is exploring a broader push into the US retirement market, arguing that incorporating private markets into target-date funds makes sense given DC plans' long horizons and low redemptions.