Private Equity 24-Hour Briefing

Last updated: November 3, 2026, 3:40 PM ET

Deal Activity

Hellman & Friedman is extending its decade-long stake peinsights.substack.com in Team System, with Francisco Partners and KKR joining the investor group. CPP Investments and its partners Dream Unlimited and Dream Industrial REIT closed a $422m peinsights.substack.com Toronto logistics portfolio transaction.

Fundraising

I Squared Capital doubled its target peinsights.substack.com as its second infrastructure credit strategy reached $3bn, after closing on more than $2.4bn. Former Local Globe partner Yvonne Bajela closed a $17m debut fund sifted.eu for Evertrue Capital, targeting early-stage European startups in AI and fintech.

Alternative Managers

Apollo reported record fee earnings peinsights.substack.com and record deal origination in the third quarter, even as Athene's marks pushed the group to a $1.1bn loss. On the secondaries side, Raymond James hired two directors pei-secondariesinvestor.com to expand its secondaries advisory business.

Venture Funding

Global venture funding reached $59bn in October news.crunchbase.com, up 45% from a year earlier, driven by a record Chinese startup deal. Trajectory AI raised $45m techcrunch.com to make AI model training accessible to nontechnical users, a round that values the one-year-old company at $300 million.

Secondaries and Market Structure

New Mountain's Klinsky said single-asset continuation vehicles pei-secondariesinvestor.com are "in the first inning" of private equity adoption, signaling further growth in the segment.

Governance and Risk

FIFA will open confidential files peinsights.substack.com on its scrapped World Cup private equity plan to members of its ruling Council. Separately, researchers found sensitive user data sifted.eu exposed in apps built on the Lovable platform.

Coming Up

The Tech Crunch Founder Summit takes place in Boston on Nov. 4 techcrunch.com, with ticket prices set to rise after tomorrow.