Last updated: August 13, 2026, 8:40 PM ET

Private Equity Briefing

Deals & Buyouts

Thoma Bravo agreed to take specialty insurance risk exchange platform Accelerant private for more than $4bn, with Altamont Capital Partners and founders retaining equity alongside the buyer. In a separate but related deal, Thoma Bravo’s acquisition of Accelerant was reported with additional context that the company's largest investor and founders will roll over stakes.

EQT and Digital Garage raised their tender offer for Kakaku.com to ¥3,570 per share ($22.40), topping a competing proposal. In the healthcare space, EQT Life Sciences invested $17.5m in Vaderis Therapeutics as part of a $152m Series B round to fund a rare-disease trial. Bank of America agreed to invest up to $1.9bn for a stake of as much as 49.9% in Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services.

Apax is selling food supply chain logistics provider Tosca to Goldman Sachs Alternatives, after acquiring the company in 2017. Granite Creek backed DCG’s merger with digital and tech firm Urban Emu. Bernhard-backed Optimum Energy acquired Hussung Mechanical Contractors and HMC Service Company, which serve healthcare, university, and mission-critical facilities.

Astara Capital snapped up industrial wastewater treatment firm Dynatec, serving food & beverage, automotive, and data center markets. RF Investment Partners invested in drilling company RJ Underground, which serves municipal and utility customers. Braemont Capital invested in consulting firm Thought Logic to accelerate growth. WestBridge agreed to buy a majority stake in Beckett Investment Management from Foresight Group, acquiring the English financial planning firm that grew AUM from £800m to £2.1bn since 2021. A separate report confirmed Beckett Investment Management as the target.

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. Resurgens Technology invested in Qarma, a quality compliance platform that uses AI across thousands of brands.

Exits & IPOs

Silver Lake and DigitalBridge are weighing an exit from Vantage Data Centers that could value the hyperscale operator at about $100bn, considering either a stock market listing or a sale. The Tosca sale to Goldman Sachs Alternatives also represents a significant exit for Apax.

Fundraising & LP Activity

New 2ND Capital is eying a Q4/Q1 close for its flagship fund targeting $1.25bn, having recently closed on its first deal. Korea’s NPS added another $1bn of secondaries exposure, with secondary funds and co-investments growing 36% to approximately $3.7bn. The pension’s PE AUM rose 12% but represented 7.2% of total portfolio, down from 7.8% the prior year. Hollyport Capital chose to remain independent, accepting Blue Owl’s backing in a move that signals how secondaries growth is being fueled.

Regulatory & Valuations

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, per Private Funds CFO.

Market Overview & Thematic Trends

A mid-year take on the market’s hottest topics examines six key areas of private equity and what might happen next. Investors are increasingly looking at local economy themes, according to a former heavyweight LP turned consultant. Blackstone is exploring a broader push into the US retirement market, arguing that incorporating private markets into target-date funds and managed accounts makes sense for DC plans.

Sector Focus: Technology & Healthcare

Trunk Tools, an AI construction startup founded by a former teenage carpenter, secured venture funding. Multiverse Computing, a Spanish deeptech startup, is vying to become Europe’s next AI champion. A venture lab in London’s Docklands is building deeptechs to address climate challenges.